USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Feb 13, 2002

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The tax information provided here is based on 2026 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 $22,100,000 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, Feb 13, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$106,685$11,821$275,539
2$409,807$112,202$12,294$285,311
3$426,199$117,939$12,786$295,474
4$443,247$123,906$13,297$306,044
5$460,977$130,111$13,829$317,037
6$479,416$136,565$14,382$328,469
7$498,593$143,277$14,958$340,358
8$518,537$150,257$15,556$352,723
9$539,278$157,517$16,178$365,583
10$560,849$165,066$16,825$378,957
11$583,283$172,918$17,498$392,866
12$606,614$181,084$18,198$407,332
13$630,879$189,577$18,926$422,376
14$656,114$198,720$19,683$437,711
15$682,359$208,430$20,471$453,458
16$709,653$218,529$21,290$469,835
17$738,039$229,032$22,141$486,866
18$767,561$239,955$23,027$504,579
19$798,263$251,315$23,948$523,001
20$830,194$263,129$24,906$542,159
21$863,402$275,416$25,902$562,084
22$897,938$288,194$26,938$582,805
23$933,855$301,484$28,016$604,356
24$971,209$315,305$29,136$626,768
25$1,010,058$329,679$30,302$650,077
26$1,050,460$344,627$31,514$674,319
27$1,092,478$360,174$32,774$699,530
28$1,136,178$376,343$34,085$725,749
29$1,181,625$393,158$35,449$753,018
30$1,228,890$410,646$36,867$781,377
Total$22,100,000$6,891,240$662,997$14,545,761

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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.