The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana Powerball Jackpot/Cash Option for Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(3.15%) | $2,337,300 | | Net Lumpsum Payment | $44,448,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$76,805 |
$1,498,970 |
| 2 |
$2,560,248 |
$907,622
$80,648 |
$1,571,978 |
| 3 |
$2,688,228 |
$954,975
$84,679 |
$1,648,574 |
| 4 |
$2,822,688 |
$1,004,725
$88,915 |
$1,729,048 |
| 5 |
$2,963,790 |
$1,056,933
$93,359 |
$1,813,498 |
| 6 |
$3,112,020 |
$1,111,778
$98,029 |
$1,902,213 |
| 7 |
$3,267,540 |
$1,169,320
$102,928 |
$1,995,292 |
| 8 |
$3,430,998 |
$1,229,800
$108,076 |
$2,093,122 |
| 9 |
$3,602,556 |
$1,293,276
$113,481 |
$2,195,799 |
| 10 |
$3,782,700 |
$1,359,929
$119,155 |
$2,303,616 |
| 11 |
$3,971,754 |
$1,429,879
$125,110 |
$2,416,765 |
| 12 |
$4,170,366 |
$1,503,366
$131,367 |
$2,535,633 |
| 13 |
$4,378,860 |
$1,580,509
$137,934 |
$2,660,417 |
| 14 |
$4,597,884 |
$1,661,547
$144,833 |
$2,791,504 |
| 15 |
$4,827,762 |
$1,746,602
$152,075 |
$2,929,085 |
| 16 |
$5,069,142 |
$1,835,913
$159,678 |
$3,073,551 |
| 17 |
$5,322,510 |
$1,929,659
$167,659 |
$3,225,192 |
| 18 |
$5,588,676 |
$2,028,141
$176,043 |
$3,384,492 |
| 19 |
$5,868,126 |
$2,131,537
$184,846 |
$3,551,743 |
| 20 |
$6,161,508 |
$2,240,088
$194,088 |
$3,727,332 |
| 21 |
$6,469,632 |
$2,354,094
$203,793 |
$3,911,745 |
| 22 |
$6,793,146 |
$2,473,794
$213,984 |
$4,105,368 |
| 23 |
$7,132,698 |
$2,599,429
$224,680 |
$4,308,589 |
| 24 |
$7,489,422 |
$2,731,417
$235,917 |
$4,522,088 |
| 25 |
$7,863,804 |
$2,869,938
$247,710 |
$4,746,156 |
| 26 |
$8,257,140 |
$3,015,472
$260,100 |
$4,981,568 |
| 27 |
$8,669,916 |
$3,168,199
$273,102 |
$5,228,615 |
| 28 |
$9,103,428 |
$3,328,599
$286,758 |
$5,488,071 |
| 29 |
$9,558,648 |
$3,497,030
$301,097 |
$5,760,521 |
| 30 |
$10,036,548 |
$3,673,853
$316,151 |
$6,046,544 |
|
|
