The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(3.15%) | $2,740,500 | | Net Lumpsum Payment | $52,109,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$90,080 |
$1,751,194 |
| 2 |
$3,002,760 |
$1,071,352
$94,587 |
$1,836,821 |
| 3 |
$3,152,860 |
$1,126,889
$99,315 |
$1,926,656 |
| 4 |
$3,310,560 |
$1,185,238
$104,283 |
$2,021,039 |
| 5 |
$3,476,050 |
$1,246,469
$109,496 |
$2,120,085 |
| 6 |
$3,649,900 |
$1,310,793
$114,972 |
$2,224,135 |
| 7 |
$3,832,300 |
$1,378,281
$120,717 |
$2,333,302 |
| 8 |
$4,024,010 |
$1,449,214
$126,756 |
$2,448,040 |
| 9 |
$4,225,220 |
$1,523,662
$133,094 |
$2,568,464 |
| 10 |
$4,436,500 |
$1,601,835
$139,750 |
$2,694,915 |
| 11 |
$4,658,230 |
$1,683,875
$146,734 |
$2,827,621 |
| 12 |
$4,891,170 |
$1,770,063
$154,072 |
$2,967,035 |
| 13 |
$5,135,700 |
$1,860,539
$161,775 |
$3,113,386 |
| 14 |
$5,392,580 |
$1,955,585
$169,866 |
$3,267,129 |
| 15 |
$5,662,190 |
$2,055,341
$178,359 |
$3,428,490 |
| 16 |
$5,945,290 |
$2,160,088
$187,277 |
$3,597,925 |
| 17 |
$6,242,450 |
$2,270,037
$196,637 |
$3,775,776 |
| 18 |
$6,554,620 |
$2,385,540
$206,471 |
$3,962,609 |
| 19 |
$6,882,370 |
$2,506,807
$216,795 |
$4,158,768 |
| 20 |
$7,226,460 |
$2,634,121
$227,633 |
$4,364,706 |
| 21 |
$7,587,840 |
$2,767,831
$239,017 |
$4,580,992 |
| 22 |
$7,967,270 |
$2,908,220
$250,969 |
$4,808,081 |
| 23 |
$8,365,510 |
$3,055,569
$263,514 |
$5,046,427 |
| 24 |
$8,783,890 |
$3,210,370
$276,693 |
$5,296,827 |
| 25 |
$9,222,980 |
$3,372,833
$290,524 |
$5,559,623 |
| 26 |
$9,684,300 |
$3,543,521
$305,055 |
$5,835,724 |
| 27 |
$10,168,420 |
$3,722,646
$320,305 |
$6,125,469 |
| 28 |
$10,676,860 |
$3,910,769
$336,321 |
$6,429,770 |
| 29 |
$11,210,760 |
$4,108,312
$353,139 |
$6,749,309 |
| 30 |
$11,771,260 |
$4,315,697
$370,795 |
$7,084,768 |
|
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