The jackpot for the Powerball draw on Mon Jan 12, 2026, is projected to be $137 Million, with an option for a cash payout of $61.9 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 Mon Jan 12, 2026 |
|---|
| Draw Date | Mon Jan 12, 2026 | | Projected Jackpot | $137,000,000 | | Cash Value | $61,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $61,900,000 | | Federal Tax(24%) | $14,856,000 | | Additional Federal Tax | $8,007,330 | | State Tax(3.15%) | $1,949,850 | | Net Lumpsum Payment | $37,086,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,061,987 |
$723,266
$64,953 |
$1,273,768 |
| 2 |
$2,165,148 |
$761,435
$68,202 |
$1,335,511 |
| 3 |
$2,273,378 |
$801,480
$71,611 |
$1,400,287 |
| 4 |
$2,387,088 |
$843,553
$75,193 |
$1,468,342 |
| 5 |
$2,506,415 |
$887,704
$78,952 |
$1,539,759 |
| 6 |
$2,631,770 |
$934,085
$82,901 |
$1,614,784 |
| 7 |
$2,763,290 |
$982,748
$87,044 |
$1,693,498 |
| 8 |
$2,901,523 |
$1,033,894
$91,398 |
$1,776,231 |
| 9 |
$3,046,606 |
$1,087,575
$95,968 |
$1,863,063 |
| 10 |
$3,198,950 |
$1,143,942
$100,767 |
$1,954,241 |
| 11 |
$3,358,829 |
$1,203,097
$105,803 |
$2,049,929 |
| 12 |
$3,526,791 |
$1,265,243
$111,094 |
$2,150,454 |
| 13 |
$3,703,110 |
$1,330,481
$116,648 |
$2,255,981 |
| 14 |
$3,888,334 |
$1,399,014
$122,483 |
$2,366,837 |
| 15 |
$4,082,737 |
$1,470,943
$128,606 |
$2,483,188 |
| 16 |
$4,286,867 |
$1,546,471
$135,036 |
$2,605,360 |
| 17 |
$4,501,135 |
$1,625,750
$141,786 |
$2,733,599 |
| 18 |
$4,726,226 |
$1,709,034
$148,876 |
$2,868,316 |
| 19 |
$4,962,551 |
$1,796,474
$156,320 |
$3,009,757 |
| 20 |
$5,210,658 |
$1,888,274
$164,136 |
$3,158,248 |
| 21 |
$5,471,232 |
$1,984,686
$172,344 |
$3,314,202 |
| 22 |
$5,744,821 |
$2,085,914
$180,962 |
$3,477,945 |
| 23 |
$6,031,973 |
$2,192,160
$190,007 |
$3,649,806 |
| 24 |
$6,333,647 |
$2,303,780
$199,510 |
$3,830,357 |
| 25 |
$6,650,254 |
$2,420,924
$209,483 |
$4,019,847 |
| 26 |
$6,982,890 |
$2,544,000
$219,961 |
$4,218,929 |
| 27 |
$7,331,966 |
$2,673,158
$230,957 |
$4,427,851 |
| 28 |
$7,698,578 |
$2,808,804
$242,505 |
$4,647,269 |
| 29 |
$8,083,548 |
$2,951,243
$254,632 |
$4,877,673 |
| 30 |
$8,487,698 |
$3,100,779
$267,362 |
$5,119,557 |
|
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