The jackpot for the Powerball draw on Mon Nov 2, 2026, is projected to be $793 Million, with an option for a cash payout of $339.9 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 Nov 2, 2026 |
|---|
| Draw Date | Mon Nov 2, 2026 | | Projected Jackpot | $793,000,000 | | Cash Value | $339,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $339,900,000 | | Federal Tax(24%) | $81,576,000 | | Additional Federal Tax | $44,147,330 | | State Tax(3.15%) | $10,706,850 | | Net Lumpsum Payment | $203,469,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,935,443 |
$4,376,444
$375,966 |
$7,183,033 |
| 2 |
$12,532,572 |
$4,597,382
$394,776 |
$7,540,414 |
| 3 |
$13,159,042 |
$4,829,176
$414,510 |
$7,915,356 |
| 4 |
$13,817,232 |
$5,072,706
$435,243 |
$8,309,283 |
| 5 |
$14,507,935 |
$5,328,266
$457,000 |
$8,722,669 |
| 6 |
$15,233,530 |
$5,596,736
$479,856 |
$9,156,938 |
| 7 |
$15,994,810 |
$5,878,410
$503,837 |
$9,612,563 |
| 8 |
$16,794,947 |
$6,174,461
$529,041 |
$10,091,445 |
| 9 |
$17,634,734 |
$6,485,182
$555,494 |
$10,594,058 |
| 10 |
$18,516,550 |
$6,811,454
$583,271 |
$11,121,825 |
| 11 |
$19,441,981 |
$7,153,863
$612,422 |
$11,675,696 |
| 12 |
$20,414,199 |
$7,513,584
$643,047 |
$12,257,568 |
| 13 |
$21,434,790 |
$7,891,203
$675,196 |
$12,868,391 |
| 14 |
$22,506,926 |
$8,287,893
$708,968 |
$13,510,065 |
| 15 |
$23,632,193 |
$8,704,242
$744,414 |
$14,183,537 |
| 16 |
$24,813,763 |
$9,141,423
$781,634 |
$14,890,706 |
| 17 |
$26,054,015 |
$9,600,316
$820,701 |
$15,632,998 |
| 18 |
$27,356,914 |
$10,082,389
$861,743 |
$16,412,782 |
| 19 |
$28,724,839 |
$10,588,521
$904,832 |
$17,231,486 |
| 20 |
$30,160,962 |
$11,119,886
$950,070 |
$18,091,006 |
| 21 |
$31,669,248 |
$11,677,952
$997,581 |
$18,993,715 |
| 22 |
$33,252,869 |
$12,263,892
$1,047,465 |
$19,941,512 |
| 23 |
$34,914,997 |
$12,878,879
$1,099,822 |
$20,936,296 |
| 24 |
$36,661,183 |
$13,524,968
$1,154,827 |
$21,981,388 |
| 25 |
$38,493,806 |
$14,203,039
$1,212,555 |
$23,078,212 |
| 26 |
$40,419,210 |
$14,915,438
$1,273,205 |
$24,230,567 |
| 27 |
$42,439,774 |
$15,663,047
$1,336,853 |
$25,439,874 |
| 28 |
$44,561,842 |
$16,448,212
$1,403,698 |
$26,709,932 |
| 29 |
$46,790,172 |
$17,272,694
$1,473,890 |
$28,043,588 |
| 30 |
$49,129,522 |
$18,138,254
$1,547,580 |
$29,443,688 |
|
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