The jackpot for the Powerball draw on Sat Jan 17, 2026, is projected to be $179 Million, with an option for a cash payout of $80.8 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 Sat Jan 17, 2026 |
|---|
| Draw Date | Sat Jan 17, 2026 | | Projected Jackpot | $179,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(3.15%) | $2,545,200 | | Net Lumpsum Payment | $48,398,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,694,129 |
$957,158
$84,865 |
$1,652,106 |
| 2 |
$2,828,916 |
$1,007,029
$89,111 |
$1,732,776 |
| 3 |
$2,970,326 |
$1,059,351
$93,565 |
$1,817,410 |
| 4 |
$3,118,896 |
$1,114,322
$98,245 |
$1,906,329 |
| 5 |
$3,274,805 |
$1,172,008
$103,156 |
$1,999,641 |
| 6 |
$3,438,590 |
$1,232,609
$108,316 |
$2,097,665 |
| 7 |
$3,610,430 |
$1,296,189
$113,729 |
$2,200,512 |
| 8 |
$3,791,041 |
$1,363,016
$119,418 |
$2,308,607 |
| 9 |
$3,980,602 |
$1,433,153
$125,389 |
$2,422,060 |
| 10 |
$4,179,650 |
$1,506,801
$131,659 |
$2,541,190 |
| 11 |
$4,388,543 |
$1,584,091
$138,239 |
$2,666,213 |
| 12 |
$4,607,997 |
$1,665,289
$145,152 |
$2,797,556 |
| 13 |
$4,838,370 |
$1,750,527
$152,409 |
$2,935,434 |
| 14 |
$5,080,378 |
$1,840,070
$160,032 |
$3,080,276 |
| 15 |
$5,334,379 |
$1,934,051
$168,033 |
$3,232,295 |
| 16 |
$5,601,089 |
$2,032,733
$176,434 |
$3,391,922 |
| 17 |
$5,881,045 |
$2,136,317
$185,253 |
$3,559,475 |
| 18 |
$6,175,142 |
$2,245,133
$194,517 |
$3,735,492 |
| 19 |
$6,483,917 |
$2,359,380
$204,243 |
$3,920,294 |
| 20 |
$6,808,086 |
$2,479,322
$214,455 |
$4,114,309 |
| 21 |
$7,148,544 |
$2,605,292
$225,179 |
$4,318,073 |
| 22 |
$7,506,007 |
$2,737,553
$236,439 |
$4,532,015 |
| 23 |
$7,881,191 |
$2,876,371
$248,258 |
$4,756,562 |
| 24 |
$8,275,349 |
$3,022,210
$260,673 |
$4,992,466 |
| 25 |
$8,689,018 |
$3,175,267
$273,704 |
$5,240,047 |
| 26 |
$9,123,630 |
$3,336,073
$287,394 |
$5,500,163 |
| 27 |
$9,579,722 |
$3,504,828
$301,761 |
$5,773,133 |
| 28 |
$10,058,726 |
$3,682,059
$316,850 |
$6,059,817 |
| 29 |
$10,561,716 |
$3,868,165
$332,694 |
$6,360,857 |
| 30 |
$11,089,766 |
$4,063,544
$349,328 |
$6,676,894 |
|
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