The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(3.15%) | $15,857,100 | | Net Lumpsum Payment | $301,324,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$521,517 |
$9,948,496 |
| 2 |
$17,384,400 |
$6,392,558
$547,609 |
$10,444,233 |
| 3 |
$18,253,400 |
$6,714,088
$574,982 |
$10,964,330 |
| 4 |
$19,166,400 |
$7,051,898
$603,742 |
$11,510,760 |
| 5 |
$20,124,500 |
$7,406,395
$633,922 |
$12,084,183 |
| 6 |
$21,131,000 |
$7,778,800
$665,627 |
$12,686,573 |
| 7 |
$22,187,000 |
$8,169,520
$698,891 |
$13,318,589 |
| 8 |
$23,296,900 |
$8,580,183
$733,852 |
$13,982,865 |
| 9 |
$24,461,800 |
$9,011,196
$770,547 |
$14,680,057 |
| 10 |
$25,685,000 |
$9,463,780
$809,078 |
$15,412,142 |
| 11 |
$26,968,700 |
$9,938,749
$849,514 |
$16,180,437 |
| 12 |
$28,317,300 |
$10,437,731
$891,995 |
$16,987,574 |
| 13 |
$29,733,000 |
$10,961,540
$936,590 |
$17,834,870 |
| 14 |
$31,220,200 |
$11,511,804
$983,436 |
$18,724,960 |
| 15 |
$32,781,100 |
$12,089,337
$1,032,605 |
$19,659,158 |
| 16 |
$34,420,100 |
$12,695,767
$1,084,233 |
$20,640,100 |
| 17 |
$36,140,500 |
$13,332,315
$1,138,426 |
$21,669,759 |
| 18 |
$37,947,800 |
$14,001,016
$1,195,356 |
$22,751,428 |
| 19 |
$39,845,300 |
$14,703,091
$1,255,127 |
$23,887,082 |
| 20 |
$41,837,400 |
$15,440,168
$1,317,878 |
$25,079,354 |
| 21 |
$43,929,600 |
$16,214,282
$1,383,782 |
$26,331,536 |
| 22 |
$46,126,300 |
$17,027,061
$1,452,978 |
$27,646,261 |
| 23 |
$48,431,900 |
$17,880,133
$1,525,605 |
$29,026,162 |
| 24 |
$50,854,100 |
$18,776,347
$1,601,904 |
$30,475,849 |
| 25 |
$53,396,200 |
$19,716,924
$1,681,980 |
$31,997,296 |
| 26 |
$56,067,000 |
$20,705,120
$1,766,111 |
$33,595,769 |
| 27 |
$58,869,800 |
$21,742,156
$1,854,399 |
$35,273,245 |
| 28 |
$61,813,400 |
$22,831,288
$1,947,122 |
$37,034,990 |
| 29 |
$64,904,400 |
$23,974,958
$2,044,489 |
$38,884,953 |
| 30 |
$68,149,400 |
$25,175,608
$2,146,706 |
$40,827,086 |
|
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