3.15% state lottery tax
Indiana Powerball Tax Calculator
Last updated:
Indiana applies a 3.15% state lottery tax — among the lowest in the country. A winner in Indiana keeps a noticeably larger share of the prize than peers in 9.85%+ states like Minnesota, Oregon, or New York.
Note: 3.15% flat plus county taxes (not modeled)
Indiana after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $36.0M | 40.01% | $59.9M |
| $300M | $107.8M | 40.1% | $179.6M |
| $500M | $179.6M | 40.12% | $299.3M |
| $700M | $251.5M | 40.13% | $419.0M |
| $1B | $359.2M | 40.14% | $598.6M |
| $1.5B | $538.7M | 40.14% | $897.8M |
| $2B | $718.3M | 40.14% | $1.2B |
Indiana vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| Indiana (IN) | 3.15% | $359.2M |
| Illinois (IL) | 4.95% | $348.4M |
| Ohio (OH) | 3.5% | $357.1M |
| Kentucky (KY) | 4% | $354.1M |