The jackpot for the Powerball draw on Sat Oct 25, 2025, is projected to be $344 Million, with an option for a cash payout of $163.7 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 Oct 25, 2025 |
|---|
| Draw Date | Sat Oct 25, 2025 | | Projected Jackpot | $344,000,000 | | Cash Value | $163,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,700,000 | | Federal Tax(24%) | $39,288,000 | | Additional Federal Tax | $21,241,330 | | State Tax(3.15%) | $5,156,550 | | Net Lumpsum Payment | $98,014,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,177,544 |
$1,876,022
$163,093 |
$3,138,429 |
| 2 |
$5,436,576 |
$1,971,864
$171,252 |
$3,293,460 |
| 3 |
$5,708,336 |
$2,072,415
$179,813 |
$3,456,108 |
| 4 |
$5,993,856 |
$2,178,057
$188,806 |
$3,626,993 |
| 5 |
$6,293,480 |
$2,288,918
$198,245 |
$3,806,317 |
| 6 |
$6,608,240 |
$2,405,379
$208,160 |
$3,994,701 |
| 7 |
$6,938,480 |
$2,527,568
$218,562 |
$4,192,350 |
| 8 |
$7,285,576 |
$2,655,994
$229,496 |
$4,400,086 |
| 9 |
$7,649,872 |
$2,790,783
$240,971 |
$4,618,118 |
| 10 |
$8,032,400 |
$2,932,318
$253,021 |
$4,847,061 |
| 11 |
$8,433,848 |
$3,080,854
$265,666 |
$5,087,328 |
| 12 |
$8,855,592 |
$3,236,899
$278,951 |
$5,339,742 |
| 13 |
$9,298,320 |
$3,400,709
$292,897 |
$5,604,714 |
| 14 |
$9,763,408 |
$3,572,791
$307,547 |
$5,883,070 |
| 15 |
$10,251,544 |
$3,753,402
$322,924 |
$6,175,218 |
| 16 |
$10,764,104 |
$3,943,049
$339,069 |
$6,481,986 |
| 17 |
$11,302,120 |
$4,142,115
$356,017 |
$6,803,988 |
| 18 |
$11,867,312 |
$4,351,236
$373,820 |
$7,142,256 |
| 19 |
$12,460,712 |
$4,570,794
$392,512 |
$7,497,406 |
| 20 |
$13,083,696 |
$4,801,298
$412,136 |
$7,870,262 |
| 21 |
$13,737,984 |
$5,043,384
$432,746 |
$8,261,854 |
| 22 |
$14,424,952 |
$5,297,563
$454,386 |
$8,673,003 |
| 23 |
$15,145,976 |
$5,564,342
$477,098 |
$9,104,536 |
| 24 |
$15,903,464 |
$5,844,612
$500,959 |
$9,557,893 |
| 25 |
$16,698,448 |
$6,138,756
$526,001 |
$10,033,691 |
| 26 |
$17,533,680 |
$6,447,792
$552,311 |
$10,533,577 |
| 27 |
$18,410,192 |
$6,772,101
$579,921 |
$11,058,170 |
| 28 |
$19,330,736 |
$7,112,703
$608,918 |
$11,609,115 |
| 29 |
$20,297,376 |
$7,470,360
$639,367 |
$12,187,649 |
| 30 |
$21,312,176 |
$7,845,836
$671,334 |
$12,795,006 |
|
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