The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(3.15%) | $10,902,150 | | Net Lumpsum Payment | $207,180,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$350,839 |
$6,705,607 |
| 2 |
$11,694,960 |
$4,287,466
$368,391 |
$7,039,103 |
| 3 |
$12,279,560 |
$4,503,768
$386,806 |
$7,388,986 |
| 4 |
$12,893,760 |
$4,731,022
$406,153 |
$7,756,585 |
| 5 |
$13,538,300 |
$4,969,501
$426,456 |
$8,142,343 |
| 6 |
$14,215,400 |
$5,220,028
$447,785 |
$8,547,587 |
| 7 |
$14,925,800 |
$5,482,876
$470,163 |
$8,972,761 |
| 8 |
$15,672,460 |
$5,759,141
$493,682 |
$9,419,637 |
| 9 |
$16,456,120 |
$6,049,095
$518,368 |
$9,888,657 |
| 10 |
$17,279,000 |
$6,353,560
$544,289 |
$10,381,151 |
| 11 |
$18,142,580 |
$6,673,085
$571,491 |
$10,898,004 |
| 12 |
$19,049,820 |
$7,008,764
$600,069 |
$11,440,987 |
| 13 |
$20,002,200 |
$7,361,144
$630,069 |
$12,010,987 |
| 14 |
$21,002,680 |
$7,731,322
$661,584 |
$12,609,774 |
| 15 |
$22,052,740 |
$8,119,844
$694,661 |
$13,238,235 |
| 16 |
$23,155,340 |
$8,527,806
$729,393 |
$13,898,141 |
| 17 |
$24,312,700 |
$8,956,029
$765,850 |
$14,590,821 |
| 18 |
$25,528,520 |
$9,405,883
$804,148 |
$15,318,489 |
| 19 |
$26,805,020 |
$9,878,188
$844,358 |
$16,082,474 |
| 20 |
$28,145,160 |
$10,374,040
$886,573 |
$16,884,547 |
| 21 |
$29,552,640 |
$10,894,807
$930,908 |
$17,726,925 |
| 22 |
$31,030,420 |
$11,441,586
$977,458 |
$18,611,376 |
| 23 |
$32,581,460 |
$12,015,471
$1,026,316 |
$19,539,673 |
| 24 |
$34,210,940 |
$12,618,378
$1,077,645 |
$20,514,917 |
| 25 |
$35,921,080 |
$13,251,130
$1,131,514 |
$21,538,436 |
| 26 |
$37,717,800 |
$13,915,916
$1,188,111 |
$22,613,773 |
| 27 |
$39,603,320 |
$14,613,559
$1,247,505 |
$23,742,256 |
| 28 |
$41,583,560 |
$15,346,248
$1,309,882 |
$24,927,430 |
| 29 |
$43,662,960 |
$16,115,626
$1,375,383 |
$26,171,951 |
| 30 |
$45,845,960 |
$16,923,336
$1,444,148 |
$27,478,476 |
|
|
