Jackpot Analysis Indiana Powerball

Jackpot Analysis for Indiana Powerball
The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 Apr 5, 2025
Draw DateSat Apr 5, 2025
Projected Jackpot$47,000,000
Cash Value$21,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$21,800,000
Federal Tax(24%)$5,232,000
Additional Federal Tax$2,794,330
State Tax(3.15%)$686,700
Net Lumpsum Payment$13,086,970
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $707,397 $222,067
$22,283
$463,047
2 $742,788 $235,162
$23,398
$484,228
3 $779,918 $248,900
$24,567
$506,451
4 $818,928 $263,334
$25,796
$529,798
5 $859,865 $278,480
$27,086
$554,299
6 $902,870 $294,392
$28,440
$580,038
7 $947,990 $311,087
$29,862
$607,041
8 $995,413 $328,633
$31,356
$635,424
9 $1,045,186 $347,049
$32,923
$665,214
10 $1,097,450 $366,387
$34,570
$696,493
11 $1,152,299 $386,681
$36,297
$729,321
12 $1,209,921 $408,001
$38,113
$763,807
13 $1,270,410 $430,382
$40,018
$800,010
14 $1,333,954 $453,893
$42,020
$838,041
15 $1,400,647 $478,570
$44,120
$877,957
16 $1,470,677 $504,481
$46,326
$919,870
17 $1,544,185 $531,679
$48,642
$963,864
18 $1,621,406 $560,251
$51,074
$1,010,081
19 $1,702,481 $590,248
$53,628
$1,058,605
20 $1,787,598 $621,742
$56,309
$1,109,547
21 $1,876,992 $654,817
$59,125
$1,163,050
22 $1,970,851 $689,545
$62,082
$1,219,224
23 $2,069,363 $725,995
$65,185
$1,278,183
24 $2,172,857 $764,287
$68,445
$1,340,125
25 $2,281,474 $804,476
$71,866
$1,405,132
26 $2,395,590 $846,699
$75,461
$1,473,430
27 $2,515,346 $891,008
$79,233
$1,545,105
28 $2,641,118 $937,544
$83,195
$1,620,379
29 $2,773,188 $986,410
$87,355
$1,699,423
30 $2,911,838 $1,037,710
$91,723
$1,782,405