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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 $154,000,000 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:  Wed, Aug 31, 2016
Jackpot:$154,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$579,480$115,896$1,622,545
2$2,433,817$608,454$121,691$1,703,672
3$2,555,508$638,877$127,775$1,788,856
4$2,683,283$670,821$134,164$1,878,298
5$2,817,447$704,362$140,872$1,972,213
6$2,958,320$739,580$147,916$2,070,824
7$3,106,236$776,559$155,312$2,174,365
8$3,261,548$815,387$163,077$2,283,083
9$3,424,625$856,156$171,231$2,397,238
10$3,595,856$898,964$179,793$2,517,099
11$3,775,649$943,912$188,782$2,642,954
12$3,964,432$991,108$198,222$2,775,102
13$4,162,653$1,040,663$208,133$2,913,857
14$4,370,786$1,092,696$218,539$3,059,550
15$4,589,325$1,147,331$229,466$3,212,528
16$4,818,791$1,204,698$240,940$3,373,154
17$5,059,731$1,264,933$252,987$3,541,812
18$5,312,717$1,328,179$265,636$3,718,902
19$5,578,353$1,394,588$278,918$3,904,847
20$5,857,271$1,464,318$292,864$4,100,090
21$6,150,134$1,537,534$307,507$4,305,094
22$6,457,641$1,614,410$322,882$4,520,349
23$6,780,523$1,695,131$339,026$4,746,366
24$7,119,549$1,779,887$355,977$4,983,685
25$7,475,527$1,868,882$373,776$5,232,869
26$7,849,303$1,962,326$392,465$5,494,512
27$8,241,768$2,060,442$412,088$5,769,238
28$8,653,857$2,163,464$432,693$6,057,700
29$9,086,550$2,271,637$454,327$6,360,585
30$9,540,877$2,385,219$477,044$6,678,614
Total$154,000,000$38,500,000$7,700,000$107,800,000
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