The jackpot for the Powerball draw on Wed Sep 16, 2026, is projected to be $271 Million, with an option for a cash payout of $115.1 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 Wed Sep 16, 2026 |
|---|
| Draw Date | Wed Sep 16, 2026 | | Projected Jackpot | $271,000,000 | | Cash Value | $115,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,100,000 | | Federal Tax(24%) | $27,624,000 | | Additional Federal Tax | $14,923,330 | | State Tax(3.15%) | $3,625,650 | | Net Lumpsum Payment | $68,927,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,078,821 |
$1,469,494
$128,483 |
$2,480,844 |
| 2 |
$4,282,884 |
$1,544,997
$134,911 |
$2,602,976 |
| 3 |
$4,496,974 |
$1,624,211
$141,655 |
$2,731,108 |
| 4 |
$4,721,904 |
$1,707,435
$148,740 |
$2,865,729 |
| 5 |
$4,957,945 |
$1,794,770
$156,175 |
$3,007,000 |
| 6 |
$5,205,910 |
$1,886,517
$163,986 |
$3,155,407 |
| 7 |
$5,466,070 |
$1,982,776
$172,181 |
$3,311,113 |
| 8 |
$5,739,509 |
$2,083,949
$180,795 |
$3,474,765 |
| 9 |
$6,026,498 |
$2,190,135
$189,835 |
$3,646,528 |
| 10 |
$6,327,850 |
$2,301,635
$199,327 |
$3,826,888 |
| 11 |
$6,644,107 |
$2,418,650
$209,289 |
$4,016,168 |
| 12 |
$6,976,353 |
$2,541,581
$219,755 |
$4,215,017 |
| 13 |
$7,325,130 |
$2,670,628
$230,742 |
$4,423,760 |
| 14 |
$7,691,522 |
$2,806,194
$242,283 |
$4,643,045 |
| 15 |
$8,076,071 |
$2,948,477
$254,396 |
$4,873,198 |
| 16 |
$8,479,861 |
$3,097,879
$267,116 |
$5,114,866 |
| 17 |
$8,903,705 |
$3,254,701
$280,467 |
$5,368,537 |
| 18 |
$9,348,958 |
$3,419,445
$294,492 |
$5,635,021 |
| 19 |
$9,816,433 |
$3,592,411
$309,218 |
$5,914,804 |
| 20 |
$10,307,214 |
$3,774,000
$324,677 |
$6,208,537 |
| 21 |
$10,822,656 |
$3,964,713
$340,914 |
$6,517,029 |
| 22 |
$11,363,843 |
$4,164,952
$357,961 |
$6,840,930 |
| 23 |
$11,931,859 |
$4,375,118
$375,854 |
$7,180,887 |
| 24 |
$12,528,601 |
$4,595,913
$394,651 |
$7,538,037 |
| 25 |
$13,154,882 |
$4,827,637
$414,379 |
$7,912,866 |
| 26 |
$13,812,870 |
$5,071,092
$435,105 |
$8,306,673 |
| 27 |
$14,503,378 |
$5,326,580
$456,856 |
$8,719,942 |
| 28 |
$15,228,574 |
$5,594,903
$479,700 |
$9,153,971 |
| 29 |
$15,990,084 |
$5,876,661
$503,688 |
$9,609,735 |
| 30 |
$16,789,534 |
$6,172,458
$528,870 |
$10,088,206 |
|
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