The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(3.15%) | $5,824,350 | | Net Lumpsum Payment | $110,702,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$194,384 |
$3,732,959 |
| 2 |
$6,479,640 |
$2,357,797
$204,109 |
$3,917,734 |
| 3 |
$6,803,540 |
$2,477,640
$214,312 |
$4,111,588 |
| 4 |
$7,143,840 |
$2,603,551
$225,031 |
$4,315,258 |
| 5 |
$7,500,950 |
$2,735,682
$236,280 |
$4,528,988 |
| 6 |
$7,876,100 |
$2,874,487
$248,097 |
$4,753,516 |
| 7 |
$8,269,700 |
$3,020,119
$260,496 |
$4,989,085 |
| 8 |
$8,683,390 |
$3,173,185
$273,527 |
$5,236,678 |
| 9 |
$9,117,580 |
$3,333,835
$287,204 |
$5,496,541 |
| 10 |
$9,573,500 |
$3,502,525
$301,565 |
$5,769,410 |
| 11 |
$10,051,970 |
$3,679,559
$316,637 |
$6,055,774 |
| 12 |
$10,554,630 |
$3,865,543
$332,471 |
$6,356,616 |
| 13 |
$11,082,300 |
$4,060,781
$349,092 |
$6,672,427 |
| 14 |
$11,636,620 |
$4,265,880
$366,554 |
$7,004,186 |
| 15 |
$12,218,410 |
$4,481,142
$384,880 |
$7,352,388 |
| 16 |
$12,829,310 |
$4,707,175
$404,123 |
$7,718,012 |
| 17 |
$13,470,550 |
$4,944,434
$424,322 |
$8,101,794 |
| 18 |
$14,144,180 |
$5,193,677
$445,542 |
$8,504,961 |
| 19 |
$14,851,430 |
$5,455,359
$467,820 |
$8,928,251 |
| 20 |
$15,593,940 |
$5,730,088
$491,209 |
$9,372,643 |
| 21 |
$16,373,760 |
$6,018,622
$515,773 |
$9,839,365 |
| 22 |
$17,192,530 |
$6,321,566
$541,565 |
$10,329,399 |
| 23 |
$18,051,890 |
$6,639,530
$568,635 |
$10,843,725 |
| 24 |
$18,954,710 |
$6,973,573
$597,073 |
$11,384,064 |
| 25 |
$19,902,220 |
$7,324,152
$626,920 |
$11,951,148 |
| 26 |
$20,897,700 |
$7,692,479
$658,278 |
$12,546,943 |
| 27 |
$21,942,380 |
$8,079,011
$691,185 |
$13,172,184 |
| 28 |
$23,039,540 |
$8,484,960
$725,746 |
$13,828,834 |
| 29 |
$24,191,640 |
$8,911,237
$762,037 |
$14,518,366 |
| 30 |
$25,401,140 |
$9,358,752
$800,136 |
$15,242,252 |
|
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