The jackpot for the Powerball draw on Sat Dec 6, 2025, is projected to be $820 Million, with an option for a cash payout of $383.5 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 Dec 6, 2025 |
|---|
| Draw Date | Sat Dec 6, 2025 | | Projected Jackpot | $820,000,000 | | Cash Value | $383,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $383,500,000 | | Federal Tax(24%) | $92,040,000 | | Additional Federal Tax | $49,815,330 | | State Tax(3.15%) | $12,080,250 | | Net Lumpsum Payment | $229,564,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,341,820 |
$4,526,804
$388,767 |
$7,426,249 |
| 2 |
$12,959,280 |
$4,755,264
$408,217 |
$7,795,799 |
| 3 |
$13,607,080 |
$4,994,950
$428,623 |
$8,183,507 |
| 4 |
$14,287,680 |
$5,246,772
$450,062 |
$8,590,846 |
| 5 |
$15,001,900 |
$5,511,033
$472,560 |
$9,018,307 |
| 6 |
$15,752,200 |
$5,788,644
$496,194 |
$9,467,362 |
| 7 |
$16,539,400 |
$6,079,908
$520,991 |
$9,938,501 |
| 8 |
$17,366,780 |
$6,386,039
$547,054 |
$10,433,687 |
| 9 |
$18,235,160 |
$6,707,340
$574,408 |
$10,953,412 |
| 10 |
$19,147,000 |
$7,044,720
$603,131 |
$11,499,149 |
| 11 |
$20,103,940 |
$7,398,788
$633,274 |
$12,071,878 |
| 12 |
$21,109,260 |
$7,770,757
$664,942 |
$12,673,561 |
| 13 |
$22,164,600 |
$8,161,232
$698,185 |
$13,305,183 |
| 14 |
$23,273,240 |
$8,571,429
$733,107 |
$13,968,704 |
| 15 |
$24,436,820 |
$9,001,954
$769,760 |
$14,665,106 |
| 16 |
$25,658,620 |
$9,454,020
$808,247 |
$15,396,353 |
| 17 |
$26,941,100 |
$9,928,537
$848,645 |
$16,163,918 |
| 18 |
$28,288,360 |
$10,427,024
$891,083 |
$16,970,253 |
| 19 |
$29,702,860 |
$10,950,389
$935,640 |
$17,816,831 |
| 20 |
$31,187,880 |
$11,499,846
$982,418 |
$18,705,616 |
| 21 |
$32,747,520 |
$12,076,913
$1,031,547 |
$19,639,060 |
| 22 |
$34,385,060 |
$12,682,803
$1,083,129 |
$20,619,128 |
| 23 |
$36,103,780 |
$13,318,729
$1,137,269 |
$21,647,782 |
| 24 |
$37,909,420 |
$13,986,816
$1,194,147 |
$22,728,457 |
| 25 |
$39,804,440 |
$14,687,973
$1,253,840 |
$23,862,627 |
| 26 |
$41,795,400 |
$15,424,628
$1,316,555 |
$25,054,217 |
| 27 |
$43,884,760 |
$16,197,692
$1,382,370 |
$26,304,698 |
| 28 |
$46,079,080 |
$17,009,590
$1,451,491 |
$27,617,999 |
| 29 |
$48,383,280 |
$17,862,144
$1,524,073 |
$28,997,063 |
| 30 |
$50,802,280 |
$18,757,174
$1,600,272 |
$30,444,834 |
|
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