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Louisiana Powerball Jackpot Annuity Payout Schedule for Apr 23, 2008

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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 $126,400,000 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, Apr 23, 2008
Jackpot:$126,400,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,253,725$792,066$107,052$1,354,607
2$2,343,874$825,421$111,334$1,407,119
3$2,437,628$860,110$115,787$1,461,731
4$2,535,134$896,187$120,419$1,518,528
5$2,636,539$933,707$125,236$1,577,596
6$2,742,000$972,728$130,245$1,639,028
7$2,851,681$1,013,310$135,455$1,702,916
8$2,965,748$1,055,514$140,873$1,769,360
9$3,084,378$1,099,407$146,508$1,838,462
10$3,207,753$1,145,056$152,368$1,910,328
11$3,336,063$1,192,531$158,463$1,985,069
12$3,469,505$1,241,905$164,802$2,062,799
13$3,608,286$1,293,253$171,394$2,143,639
14$3,752,617$1,346,656$178,249$2,227,712
15$3,902,722$1,402,195$185,379$2,315,148
16$4,058,831$1,459,955$192,794$2,406,081
17$4,221,184$1,520,026$200,506$2,500,652
18$4,390,031$1,582,499$208,526$2,599,005
19$4,565,632$1,647,472$216,868$2,701,293
20$4,748,258$1,715,043$225,542$2,807,672
21$4,938,188$1,785,317$234,564$2,918,307
22$5,135,715$1,858,402$243,946$3,033,367
23$5,341,144$1,934,411$253,704$3,153,029
24$5,554,790$2,013,460$263,853$3,277,477
25$5,776,981$2,095,671$274,407$3,406,904
26$6,008,061$2,181,170$285,383$3,541,508
27$6,248,383$2,270,090$296,798$3,681,495
28$6,498,318$2,362,566$308,670$3,827,083
29$6,758,251$2,458,741$321,017$3,978,494
30$7,028,581$2,558,763$333,858$4,135,961
Total$126,400,000$45,513,632$6,004,000$74,882,370

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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.