The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(3.15%) | $7,531,650 | | Net Lumpsum Payment | $143,141,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$242,743 |
$4,651,777 |
| 2 |
$8,091,648 |
$2,954,240
$254,887 |
$4,882,521 |
| 3 |
$8,496,128 |
$3,103,898
$267,628 |
$5,124,602 |
| 4 |
$8,921,088 |
$3,261,133
$281,014 |
$5,378,941 |
| 5 |
$9,367,040 |
$3,426,135
$295,062 |
$5,645,843 |
| 6 |
$9,835,520 |
$3,599,473
$309,819 |
$5,926,228 |
| 7 |
$10,327,040 |
$3,781,335
$325,302 |
$6,220,403 |
| 8 |
$10,843,648 |
$3,972,480
$341,575 |
$6,529,593 |
| 9 |
$11,385,856 |
$4,173,097
$358,654 |
$6,854,105 |
| 10 |
$11,955,200 |
$4,383,754
$376,589 |
$7,194,857 |
| 11 |
$12,552,704 |
$4,604,831
$395,410 |
$7,552,463 |
| 12 |
$13,180,416 |
$4,837,084
$415,183 |
$7,928,149 |
| 13 |
$13,839,360 |
$5,080,894
$435,940 |
$8,322,526 |
| 14 |
$14,531,584 |
$5,337,016
$457,745 |
$8,736,823 |
| 15 |
$15,258,112 |
$5,605,832
$480,631 |
$9,171,649 |
| 16 |
$16,020,992 |
$5,888,097
$504,661 |
$9,628,234 |
| 17 |
$16,821,760 |
$6,184,382
$529,885 |
$10,107,493 |
| 18 |
$17,662,976 |
$6,495,632
$556,384 |
$10,610,960 |
| 19 |
$18,546,176 |
$6,822,416
$584,205 |
$11,139,555 |
| 20 |
$19,473,408 |
$7,165,491
$613,412 |
$11,694,505 |
| 21 |
$20,447,232 |
$7,525,806
$644,088 |
$12,277,338 |
| 22 |
$21,469,696 |
$7,904,118
$676,295 |
$12,889,283 |
| 23 |
$22,542,848 |
$8,301,184
$710,100 |
$13,531,564 |
| 24 |
$23,670,272 |
$8,718,331
$745,614 |
$14,206,327 |
| 25 |
$24,853,504 |
$9,156,127
$782,885 |
$14,914,492 |
| 26 |
$26,096,640 |
$9,616,087
$822,044 |
$15,658,509 |
| 27 |
$27,401,216 |
$10,098,780
$863,138 |
$16,439,298 |
| 28 |
$28,771,328 |
$10,605,722
$906,297 |
$17,259,309 |
| 29 |
$30,210,048 |
$11,138,048
$951,617 |
$18,120,383 |
| 30 |
$31,720,448 |
$11,696,896
$999,194 |
$19,024,358 |
|
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