The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(3.15%) | $13,510,350 | | Net Lumpsum Payment | $256,736,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$450,401 |
$8,597,292 |
| 2 |
$15,013,800 |
$5,515,436
$472,935 |
$9,025,429 |
| 3 |
$15,764,300 |
$5,793,121
$496,575 |
$9,474,604 |
| 4 |
$16,552,800 |
$6,084,866
$521,413 |
$9,946,521 |
| 5 |
$17,380,250 |
$6,391,023
$547,478 |
$10,441,749 |
| 6 |
$18,249,500 |
$6,712,645
$574,859 |
$10,961,996 |
| 7 |
$19,161,500 |
$7,050,085
$603,587 |
$11,507,828 |
| 8 |
$20,120,050 |
$7,404,749
$633,782 |
$12,081,519 |
| 9 |
$21,126,100 |
$7,776,987
$665,472 |
$12,683,641 |
| 10 |
$22,182,500 |
$8,167,855
$698,749 |
$13,315,896 |
| 11 |
$23,291,150 |
$8,578,056
$733,671 |
$13,979,423 |
| 12 |
$24,455,850 |
$9,008,995
$770,359 |
$14,676,496 |
| 13 |
$25,678,500 |
$9,461,375
$808,873 |
$15,408,252 |
| 14 |
$26,962,900 |
$9,936,603
$849,331 |
$16,176,966 |
| 15 |
$28,310,950 |
$10,435,382
$891,795 |
$16,983,773 |
| 16 |
$29,726,450 |
$10,959,117
$936,383 |
$17,830,950 |
| 17 |
$31,212,250 |
$11,508,863
$983,186 |
$18,720,201 |
| 18 |
$32,773,100 |
$12,086,377
$1,032,353 |
$19,654,370 |
| 19 |
$34,411,850 |
$12,692,715
$1,083,973 |
$20,635,162 |
| 20 |
$36,132,300 |
$13,329,281
$1,138,167 |
$21,664,852 |
| 21 |
$37,939,200 |
$13,997,834
$1,195,085 |
$22,746,281 |
| 22 |
$39,836,350 |
$14,699,780
$1,254,845 |
$23,881,725 |
| 23 |
$41,827,550 |
$15,436,524
$1,317,568 |
$25,073,458 |
| 24 |
$43,919,450 |
$16,210,527
$1,383,463 |
$26,325,460 |
| 25 |
$46,114,900 |
$17,022,843
$1,452,619 |
$27,639,438 |
| 26 |
$48,421,500 |
$17,876,285
$1,525,277 |
$29,019,938 |
| 27 |
$50,842,100 |
$18,771,907
$1,601,526 |
$30,468,667 |
| 28 |
$53,384,300 |
$19,712,521
$1,681,605 |
$31,990,174 |
| 29 |
$56,053,800 |
$20,700,236
$1,765,695 |
$33,587,869 |
| 30 |
$58,856,300 |
$21,737,161
$1,853,973 |
$35,265,166 |
|
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