The jackpot for the Powerball draw on Mon Jul 13, 2026, is projected to be $478 Million, with an option for a cash payout of $212.2 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 Jul 13, 2026 |
|---|
| Draw Date | Mon Jul 13, 2026 | | Projected Jackpot | $478,000,000 | | Cash Value | $212,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,200,000 | | Federal Tax(24%) | $50,928,000 | | Additional Federal Tax | $27,546,330 | | State Tax(3.15%) | $6,684,300 | | Net Lumpsum Payment | $127,041,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,194,378 |
$2,622,250
$226,623 |
$4,345,505 |
| 2 |
$7,554,312 |
$2,755,426
$237,961 |
$4,560,925 |
| 3 |
$7,931,932 |
$2,895,145
$249,856 |
$4,786,931 |
| 4 |
$8,328,672 |
$3,041,939
$262,353 |
$5,024,380 |
| 5 |
$8,745,010 |
$3,195,984
$275,468 |
$5,273,558 |
| 6 |
$9,182,380 |
$3,357,811
$289,245 |
$5,535,324 |
| 7 |
$9,641,260 |
$3,527,597
$303,700 |
$5,809,963 |
| 8 |
$10,123,562 |
$3,706,048
$318,892 |
$6,098,622 |
| 9 |
$10,629,764 |
$3,893,343
$334,838 |
$6,401,583 |
| 10 |
$11,161,300 |
$4,090,011
$351,581 |
$6,719,708 |
| 11 |
$11,719,126 |
$4,296,407
$369,152 |
$7,053,567 |
| 12 |
$12,305,154 |
$4,513,237
$387,612 |
$7,404,305 |
| 13 |
$12,920,340 |
$4,740,856
$406,991 |
$7,772,493 |
| 14 |
$13,566,596 |
$4,979,971
$427,348 |
$8,159,277 |
| 15 |
$14,244,878 |
$5,230,935
$448,714 |
$8,565,229 |
| 16 |
$14,957,098 |
$5,494,457
$471,149 |
$8,991,492 |
| 17 |
$15,704,690 |
$5,771,066
$494,698 |
$9,438,926 |
| 18 |
$16,490,044 |
$6,061,647
$519,436 |
$9,908,961 |
| 19 |
$17,314,594 |
$6,366,730
$545,410 |
$10,402,454 |
| 20 |
$18,180,252 |
$6,687,024
$572,678 |
$10,920,550 |
| 21 |
$19,089,408 |
$7,023,411
$601,316 |
$11,464,681 |
| 22 |
$20,043,974 |
$7,376,601
$631,385 |
$12,035,988 |
| 23 |
$21,045,862 |
$7,747,299
$662,945 |
$12,635,618 |
| 24 |
$22,098,418 |
$8,136,745
$696,100 |
$13,265,573 |
| 25 |
$23,203,076 |
$8,545,469
$730,897 |
$13,926,710 |
| 26 |
$24,363,660 |
$8,974,885
$767,455 |
$14,621,320 |
| 27 |
$25,581,604 |
$9,425,524
$805,821 |
$15,350,259 |
| 28 |
$26,860,732 |
$9,898,801
$846,113 |
$16,115,818 |
| 29 |
$28,203,912 |
$10,395,778
$888,423 |
$16,919,711 |
| 30 |
$29,614,012 |
$10,917,515
$932,841 |
$17,763,656 |
|
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