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Indiana Powerball Jackpot Annuity Payout Schedule for Nov 3, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $420,900,000 for a ticket purchased in Indiana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Indiana

Drawing Date:Mon, Nov 3, 2025
Jackpot:$420,900,000
Federal Tax:37% marginal rate
State Tax: 2.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,335,149$2,299,962$186,887$3,848,300
2$6,651,907$2,417,163$196,231$4,038,513
3$6,984,502$2,540,223$206,043$4,238,236
4$7,333,727$2,669,436$216,345$4,447,946
5$7,700,413$2,805,110$227,162$4,668,141
6$8,085,434$2,947,568$238,520$4,899,346
7$8,489,706$3,097,148$250,446$5,142,111
8$8,914,191$3,254,208$262,969$5,397,014
9$9,359,901$3,419,120$276,117$5,664,663
10$9,827,895$3,592,279$289,923$5,945,694
11$10,319,290$3,774,095$304,419$6,240,777
12$10,835,255$3,965,002$319,640$6,550,613
13$11,377,017$4,165,454$335,622$6,875,942
14$11,945,868$4,375,929$352,403$7,217,537
15$12,543,162$4,596,927$370,023$7,576,211
16$13,170,320$4,828,976$388,524$7,952,820
17$13,828,836$5,072,626$407,951$8,348,259
18$14,520,278$5,328,460$428,348$8,763,469
19$15,246,291$5,597,085$449,766$9,199,441
20$16,008,606$5,879,142$472,254$9,657,211
21$16,809,036$6,175,301$495,867$10,137,869
22$17,649,488$6,486,268$520,660$10,642,560
23$18,531,963$6,812,783$546,693$11,172,486
24$19,458,561$7,155,625$574,028$11,728,908
25$20,431,489$7,515,608$602,729$12,313,152
26$21,453,063$7,893,591$632,865$12,926,607
27$22,525,717$8,290,472$664,509$13,570,736
28$23,652,002$8,707,198$697,734$14,247,070
29$24,834,602$9,144,760$732,621$14,957,221
30$26,076,333$9,604,200$769,252$15,702,880
Total$420,900,001$154,411,719$12,416,551$254,071,733

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.