The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(3.15%) | $24,264,450 | | Net Lumpsum Payment | $461,064,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$805,981 |
$15,353,310 |
| 2 |
$26,866,800 |
$9,901,046
$846,304 |
$16,119,450 |
| 3 |
$28,209,800 |
$10,397,956
$888,609 |
$16,923,235 |
| 4 |
$29,620,800 |
$10,920,026
$933,055 |
$17,767,719 |
| 5 |
$31,101,500 |
$11,467,885
$979,697 |
$18,653,918 |
| 6 |
$32,657,000 |
$12,043,420
$1,028,696 |
$19,584,884 |
| 7 |
$34,289,000 |
$12,647,260
$1,080,104 |
$20,561,636 |
| 8 |
$36,004,300 |
$13,281,921
$1,134,135 |
$21,588,244 |
| 9 |
$37,804,600 |
$13,948,032
$1,190,845 |
$22,665,723 |
| 10 |
$39,695,000 |
$14,647,480
$1,250,393 |
$23,797,127 |
| 11 |
$41,678,900 |
$15,381,523
$1,312,885 |
$24,984,492 |
| 12 |
$43,763,100 |
$16,152,677
$1,378,538 |
$26,231,885 |
| 13 |
$45,951,000 |
$16,962,200
$1,447,457 |
$27,541,343 |
| 14 |
$48,249,400 |
$17,812,608
$1,519,856 |
$28,916,936 |
| 15 |
$50,661,700 |
$18,705,159
$1,595,844 |
$30,360,697 |
| 16 |
$53,194,700 |
$19,642,369
$1,675,633 |
$31,876,698 |
| 17 |
$55,853,500 |
$20,626,125
$1,759,385 |
$33,467,990 |
| 18 |
$58,646,600 |
$21,659,572
$1,847,368 |
$35,139,660 |
| 19 |
$61,579,100 |
$22,744,597
$1,939,742 |
$36,894,761 |
| 20 |
$64,657,800 |
$23,883,716
$2,036,721 |
$38,737,363 |
| 21 |
$67,891,200 |
$25,080,074
$2,138,573 |
$40,672,553 |
| 22 |
$71,286,100 |
$26,336,187
$2,245,512 |
$42,704,401 |
| 23 |
$74,849,300 |
$27,654,571
$2,357,753 |
$44,836,976 |
| 24 |
$78,592,700 |
$29,039,629
$2,475,670 |
$47,077,401 |
| 25 |
$82,521,400 |
$30,493,248
$2,599,424 |
$49,428,728 |
| 26 |
$86,649,000 |
$32,020,460
$2,729,444 |
$51,899,096 |
| 27 |
$90,980,600 |
$33,623,152
$2,865,889 |
$54,491,559 |
| 28 |
$95,529,800 |
$35,306,356
$3,009,189 |
$57,214,255 |
| 29 |
$100,306,800 |
$37,073,846
$3,159,664 |
$60,073,290 |
| 30 |
$105,321,800 |
$38,929,396
$3,317,637 |
$63,074,767 |
|
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