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Louisiana Powerball Jackpot Annuity Payout Schedule for Jan 30, 2010

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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 $92,500,000 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, Jan 30, 2010
Jackpot:$92,500,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,649,284$566,192$49,479$1,033,613
2$1,715,256$590,602$51,458$1,073,196
3$1,783,866$615,988$53,516$1,114,362
4$1,855,220$642,389$55,657$1,157,175
5$1,929,429$669,846$57,883$1,201,700
6$2,006,606$698,402$60,198$1,248,007
7$2,086,871$728,099$62,606$1,296,165
8$2,170,345$758,985$65,110$1,346,250
9$2,257,159$791,106$67,715$1,398,338
10$2,347,446$824,512$70,423$1,452,510
11$2,441,343$859,254$73,240$1,508,849
12$2,538,997$895,386$76,170$1,567,441
13$2,640,557$932,963$79,217$1,628,377
14$2,746,179$972,044$82,385$1,691,750
15$2,856,027$1,012,687$85,681$1,757,659
16$2,970,268$1,054,956$89,108$1,826,203
17$3,089,078$1,098,916$92,672$1,897,490
18$3,212,641$1,144,635$96,379$1,971,628
19$3,341,147$1,192,182$100,234$2,048,731
20$3,474,793$1,241,631$104,244$2,128,919
21$3,613,785$1,293,058$108,414$2,212,314
22$3,758,336$1,346,542$112,750$2,299,044
23$3,908,670$1,402,165$117,260$2,389,244
24$4,065,016$1,460,013$121,950$2,483,053
25$4,227,617$1,520,176$126,829$2,580,613
26$4,396,722$1,582,744$131,902$2,682,076
27$4,572,591$1,647,816$137,178$2,787,597
28$4,755,494$1,715,490$142,665$2,897,339
29$4,945,714$1,785,871$148,371$3,011,471
30$5,143,542$1,859,068$154,306$3,130,168
Total$92,500,000$32,903,718$2,775,000$56,821,282

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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.