USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jun 1, 2002

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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 $21,300,000 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:Sat, Jun 1, 2002
Jackpot:$21,300,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$379,781$103,298$18,040$258,443
2$394,972$108,615$18,761$267,596
3$410,771$114,145$19,512$277,115
4$427,202$119,895$20,292$287,015
5$444,290$125,876$21,104$297,310
6$462,062$132,096$21,948$308,017
7$480,544$138,565$22,826$319,153
8$499,766$145,293$23,739$330,734
9$519,757$152,290$24,688$342,779
10$540,547$159,566$25,676$355,305
11$562,169$167,134$26,703$368,332
12$584,656$175,004$27,771$381,880
13$608,042$183,189$28,882$395,970
14$632,363$192,162$30,037$410,164
15$657,658$201,521$31,239$424,898
16$683,964$211,255$32,488$440,221
17$711,323$221,377$33,788$456,158
18$739,776$231,905$35,139$472,732
19$769,367$242,853$36,545$489,968
20$800,142$254,240$38,007$507,895
21$832,147$266,082$39,527$526,538
22$865,433$278,398$41,108$545,927
23$900,050$291,206$42,752$566,092
24$936,052$304,527$44,462$587,063
25$973,495$318,381$46,241$608,873
26$1,012,434$332,788$48,091$631,555
27$1,052,932$347,772$50,014$655,145
28$1,095,049$363,356$52,015$679,678
29$1,138,851$379,563$54,095$705,193
30$1,184,405$396,418$56,259$731,728
Total$21,300,000$6,658,770$1,011,749$13,629,477

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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.