USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jul 16, 1997

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The tax information provided here is based on 2024 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 $19,800,000 for a ticket purchased in 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 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:

Louisiana

Drawing Date:Wed, Jul 16, 1997
Jackpot:$19,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$353,036$93,937$16,769$242,329
2$367,157$98,880$17,440$250,838
3$381,844$104,020$18,138$259,686
4$397,117$109,366$18,863$268,889
5$413,002$114,926$19,618$278,459
6$429,522$120,708$20,402$288,412
7$446,703$126,721$21,218$298,764
8$464,571$132,975$22,067$309,529
9$483,154$139,479$22,950$320,726
10$502,480$146,243$23,868$332,370
11$522,579$153,278$24,823$344,479
12$543,483$160,594$25,815$357,074
13$565,222$168,202$26,848$370,171
14$587,831$176,116$27,922$383,793
15$611,344$184,385$29,039$397,920
16$635,798$193,433$30,200$412,164
17$661,230$202,843$31,408$426,979
18$687,679$212,629$32,665$442,385
19$715,186$222,807$33,971$458,408
20$743,794$233,391$35,330$475,072
21$773,545$244,399$36,743$492,402
22$804,487$255,848$38,213$510,426
23$836,667$267,754$39,742$529,171
24$870,133$280,137$41,331$548,665
25$904,939$293,015$42,985$568,939
26$941,136$306,408$44,704$590,024
27$978,782$320,337$46,492$611,952
28$1,017,933$334,823$48,352$634,758
29$1,058,650$349,888$50,286$658,476
30$1,100,996$365,556$52,297$683,142
Total$19,800,000$6,113,098$940,499$12,746,402

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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.