Hoosier Lotto
Latest draw · Saturday, July 4, 2026
Hoosier Lotto Tax Calculator
See what you'd really take home from a Hoosier Lotto prize after federal and Indiana state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $27,600,000
- Federal tax
- − $10,170,188
- State tax (Indiana · 3.15%)
- − $869,400
- Net take-home
- $16,560,412
Estimate only — uses single-filer federal brackets and Indiana's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Hoosier Lotto tax FAQ
How much tax do you pay on a Hoosier Lotto jackpot in Indiana?
On a $27,600,000 Hoosier Lotto jackpot taken as a lump sum, you'd pay about $10,170,188 in federal tax and $869,400 in Indiana state tax, leaving roughly $16,560,412.
Does Indiana tax Hoosier Lotto lottery winnings?
Yes — Indiana withholds about 3.15% in state tax on Hoosier Lotto winnings, on top of federal tax.
Should I take the Hoosier Lotto lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.