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Powerball Annuity Jackpot Analysis for Louisiana

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $136,000,000 would be for a resident of Louisiana, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Louisiana

Drawing Date:  Sat, Feb 6, 2016
Jackpot:$136,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$511,749$102,350$1,432,897
2$2,149,345$537,336$107,467$1,504,541
3$2,256,812$564,203$112,841$1,579,769
4$2,369,653$592,413$118,483$1,658,757
5$2,488,135$622,034$124,407$1,741,695
6$2,612,542$653,136$130,627$1,828,780
7$2,743,169$685,792$137,158$1,920,219
8$2,880,328$720,082$144,016$2,016,229
9$3,024,344$756,086$151,217$2,117,041
10$3,175,561$793,890$158,778$2,222,893
11$3,334,339$833,585$166,717$2,334,038
12$3,501,056$875,264$175,053$2,450,740
13$3,676,109$919,027$183,805$2,573,276
14$3,859,915$964,979$192,996$2,701,940
15$4,052,910$1,013,228$202,646$2,837,037
16$4,255,556$1,063,889$212,778$2,978,889
17$4,468,334$1,117,083$223,417$3,127,834
18$4,691,750$1,172,938$234,588$3,284,225
19$4,926,338$1,231,584$246,317$3,448,437
20$5,172,655$1,293,164$258,633$3,620,858
21$5,431,288$1,357,822$271,564$3,801,901
22$5,702,852$1,425,713$285,143$3,991,996
23$5,987,995$1,496,999$299,400$4,191,596
24$6,287,394$1,571,849$314,370$4,401,176
25$6,601,764$1,650,441$330,088$4,621,235
26$6,931,852$1,732,963$346,593$4,852,297
27$7,278,445$1,819,611$363,922$5,094,911
28$7,642,367$1,910,592$382,118$5,349,657
29$8,024,485$2,006,121$401,224$5,617,140
30$8,425,710$2,106,427$421,285$5,897,997
Total$136,000,000$34,000,000$6,800,000$95,200,000
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