The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(3.15%) | $5,647,950 | | Net Lumpsum Payment | $107,350,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$178,264 |
$3,426,686 |
| 2 |
$5,942,304 |
$2,158,983
$187,183 |
$3,596,138 |
| 3 |
$6,239,344 |
$2,268,888
$196,539 |
$3,773,917 |
| 4 |
$6,551,424 |
$2,384,357
$206,370 |
$3,960,697 |
| 5 |
$6,878,920 |
$2,505,531
$216,686 |
$4,156,703 |
| 6 |
$7,222,960 |
$2,632,826
$227,523 |
$4,362,611 |
| 7 |
$7,583,920 |
$2,766,381
$238,893 |
$4,578,646 |
| 8 |
$7,963,304 |
$2,906,753
$250,844 |
$4,805,707 |
| 9 |
$8,361,488 |
$3,054,081
$263,387 |
$5,044,020 |
| 10 |
$8,779,600 |
$3,208,782
$276,557 |
$5,294,261 |
| 11 |
$9,218,392 |
$3,371,135
$290,379 |
$5,556,878 |
| 12 |
$9,679,368 |
$3,541,697
$304,900 |
$5,832,771 |
| 13 |
$10,163,280 |
$3,720,744
$320,143 |
$6,122,393 |
| 14 |
$10,671,632 |
$3,908,834
$336,156 |
$6,426,642 |
| 15 |
$11,205,176 |
$4,106,246
$352,963 |
$6,745,967 |
| 16 |
$11,765,416 |
$4,313,534
$370,611 |
$7,081,271 |
| 17 |
$12,353,480 |
$4,531,118
$389,135 |
$7,433,227 |
| 18 |
$12,971,248 |
$4,759,692
$408,594 |
$7,802,962 |
| 19 |
$13,619,848 |
$4,999,674
$429,025 |
$8,191,149 |
| 20 |
$14,300,784 |
$5,251,620
$450,475 |
$8,598,689 |
| 21 |
$15,015,936 |
$5,516,227
$473,002 |
$9,026,707 |
| 22 |
$15,766,808 |
$5,794,049
$496,654 |
$9,476,105 |
| 23 |
$16,554,904 |
$6,085,645
$521,479 |
$9,947,780 |
| 24 |
$17,382,856 |
$6,391,987
$547,560 |
$10,443,309 |
| 25 |
$18,251,792 |
$6,713,493
$574,931 |
$10,963,368 |
| 26 |
$19,164,720 |
$7,051,277
$603,689 |
$11,509,754 |
| 27 |
$20,122,768 |
$7,405,755
$633,867 |
$12,083,146 |
| 28 |
$21,128,944 |
$7,778,040
$665,562 |
$12,685,342 |
| 29 |
$22,185,504 |
$8,168,967
$698,843 |
$13,317,694 |
| 30 |
$23,294,704 |
$8,579,371
$733,783 |
$13,981,550 |
|
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