The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(3.15%) | $478,800 | | Net Lumpsum Payment | $9,136,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$15,646 |
$336,934 |
| 2 |
$521,532 |
$153,297
$16,428 |
$351,807 |
| 3 |
$547,602 |
$162,943
$17,249 |
$367,410 |
| 4 |
$574,992 |
$173,077
$18,112 |
$383,803 |
| 5 |
$603,735 |
$183,712
$19,018 |
$401,005 |
| 6 |
$633,930 |
$194,884
$19,969 |
$419,077 |
| 7 |
$665,610 |
$206,606
$20,967 |
$438,037 |
| 8 |
$698,907 |
$218,926
$22,016 |
$457,965 |
| 9 |
$733,854 |
$231,856
$23,116 |
$478,882 |
| 10 |
$770,550 |
$245,434
$24,272 |
$500,844 |
| 11 |
$809,061 |
$259,683
$25,485 |
$523,893 |
| 12 |
$849,519 |
$274,652
$26,760 |
$548,107 |
| 13 |
$891,990 |
$290,367
$28,098 |
$573,525 |
| 14 |
$936,606 |
$306,875
$29,503 |
$600,228 |
| 15 |
$983,433 |
$324,201
$30,978 |
$628,254 |
| 16 |
$1,032,603 |
$342,393
$32,527 |
$657,683 |
| 17 |
$1,084,215 |
$361,490
$34,153 |
$688,572 |
| 18 |
$1,138,434 |
$381,551
$35,861 |
$721,022 |
| 19 |
$1,195,359 |
$402,613
$37,654 |
$755,092 |
| 20 |
$1,255,122 |
$424,726
$39,536 |
$790,860 |
| 21 |
$1,317,888 |
$447,949
$41,513 |
$828,426 |
| 22 |
$1,383,789 |
$472,332
$43,589 |
$867,868 |
| 23 |
$1,452,957 |
$497,924
$45,768 |
$909,265 |
| 24 |
$1,525,623 |
$524,811
$48,057 |
$952,755 |
| 25 |
$1,601,886 |
$553,028
$50,459 |
$998,399 |
| 26 |
$1,682,010 |
$582,674
$52,983 |
$1,046,353 |
| 27 |
$1,766,094 |
$613,785
$55,632 |
$1,096,677 |
| 28 |
$1,854,402 |
$646,459
$58,414 |
$1,149,529 |
| 29 |
$1,947,132 |
$680,769
$61,335 |
$1,205,028 |
| 30 |
$2,044,482 |
$716,789
$64,401 |
$1,263,292 |
|
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