The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(3.15%) | $21,624,750 | | Net Lumpsum Payment | $410,909,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$711,160 |
$13,551,705 |
| 2 |
$23,706,000 |
$8,731,550
$746,739 |
$14,227,711 |
| 3 |
$24,891,000 |
$9,170,000
$784,067 |
$14,936,933 |
| 4 |
$26,136,000 |
$9,630,650
$823,284 |
$15,682,066 |
| 5 |
$27,442,500 |
$10,114,055
$864,439 |
$16,464,006 |
| 6 |
$28,815,000 |
$10,621,880
$907,673 |
$17,285,447 |
| 7 |
$30,255,000 |
$11,154,680
$953,033 |
$18,147,287 |
| 8 |
$31,768,500 |
$11,714,675
$1,000,708 |
$19,053,117 |
| 9 |
$33,357,000 |
$12,302,420
$1,050,746 |
$20,003,834 |
| 10 |
$35,025,000 |
$12,919,580
$1,103,288 |
$21,002,132 |
| 11 |
$36,775,500 |
$13,567,265
$1,158,428 |
$22,049,807 |
| 12 |
$38,614,500 |
$14,247,695
$1,216,357 |
$23,150,448 |
| 13 |
$40,545,000 |
$14,961,980
$1,277,168 |
$24,305,852 |
| 14 |
$42,573,000 |
$15,712,340
$1,341,050 |
$25,519,610 |
| 15 |
$44,701,500 |
$16,499,885
$1,408,097 |
$26,793,518 |
| 16 |
$46,936,500 |
$17,326,835
$1,478,500 |
$28,131,165 |
| 17 |
$49,282,500 |
$18,194,855
$1,552,399 |
$29,535,246 |
| 18 |
$51,747,000 |
$19,106,720
$1,630,031 |
$31,010,249 |
| 19 |
$54,334,500 |
$20,064,095
$1,711,537 |
$32,558,868 |
| 20 |
$57,051,000 |
$21,069,200
$1,797,107 |
$34,184,693 |
| 21 |
$59,904,000 |
$22,124,810
$1,886,976 |
$35,892,214 |
| 22 |
$62,899,500 |
$23,233,145
$1,981,334 |
$37,685,021 |
| 23 |
$66,043,500 |
$24,396,425
$2,080,370 |
$39,566,705 |
| 24 |
$69,346,500 |
$25,618,535
$2,184,415 |
$41,543,550 |
| 25 |
$72,813,000 |
$26,901,140
$2,293,610 |
$43,618,250 |
| 26 |
$76,455,000 |
$28,248,680
$2,408,333 |
$45,797,987 |
| 27 |
$80,277,000 |
$29,662,820
$2,528,726 |
$48,085,454 |
| 28 |
$84,291,000 |
$31,148,000
$2,655,167 |
$50,487,833 |
| 29 |
$88,506,000 |
$32,707,550
$2,787,939 |
$53,010,511 |
| 30 |
$92,931,000 |
$34,344,800
$2,927,327 |
$55,658,873 |
|
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