The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(3.15%) | $3,805,200 | | Net Lumpsum Payment | $72,338,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$122,319 |
$2,363,740 |
| 2 |
$4,077,432 |
$1,468,980
$128,439 |
$2,480,013 |
| 3 |
$4,281,252 |
$1,544,394
$134,859 |
$2,601,999 |
| 4 |
$4,495,392 |
$1,623,625
$141,605 |
$2,730,162 |
| 5 |
$4,720,110 |
$1,706,771
$148,683 |
$2,864,656 |
| 6 |
$4,956,180 |
$1,794,117
$156,120 |
$3,005,943 |
| 7 |
$5,203,860 |
$1,885,759
$163,922 |
$3,154,179 |
| 8 |
$5,464,182 |
$1,982,078
$172,122 |
$3,309,982 |
| 9 |
$5,737,404 |
$2,083,170
$180,728 |
$3,473,506 |
| 10 |
$6,024,300 |
$2,189,321
$189,765 |
$3,645,214 |
| 11 |
$6,325,386 |
$2,300,723
$199,250 |
$3,825,413 |
| 12 |
$6,641,694 |
$2,417,757
$209,213 |
$4,014,724 |
| 13 |
$6,973,740 |
$2,540,614
$219,673 |
$4,213,453 |
| 14 |
$7,322,556 |
$2,669,676
$230,661 |
$4,422,219 |
| 15 |
$7,688,658 |
$2,805,134
$242,193 |
$4,641,331 |
| 16 |
$8,073,078 |
$2,947,369
$254,302 |
$4,871,407 |
| 17 |
$8,476,590 |
$3,096,669
$267,013 |
$5,112,908 |
| 18 |
$8,900,484 |
$3,253,509
$280,365 |
$5,366,610 |
| 19 |
$9,345,534 |
$3,418,178
$294,384 |
$5,632,972 |
| 20 |
$9,812,772 |
$3,591,056
$309,102 |
$5,912,614 |
| 21 |
$10,303,488 |
$3,772,621
$324,560 |
$6,206,307 |
| 22 |
$10,818,714 |
$3,963,255
$340,789 |
$6,514,670 |
| 23 |
$11,359,482 |
$4,163,339
$357,824 |
$6,838,319 |
| 24 |
$11,927,598 |
$4,373,542
$375,719 |
$7,178,337 |
| 25 |
$12,523,836 |
$4,594,150
$394,501 |
$7,535,185 |
| 26 |
$13,150,260 |
$4,825,927
$414,233 |
$7,910,100 |
| 27 |
$13,807,644 |
$5,069,159
$434,941 |
$8,303,544 |
| 28 |
$14,498,052 |
$5,324,610
$456,689 |
$8,716,753 |
| 29 |
$15,223,032 |
$5,592,852
$479,526 |
$9,150,654 |
| 30 |
$15,984,132 |
$5,874,459
$503,500 |
$9,606,173 |
|
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