USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Dec 22, 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 $36,200,000 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, Dec 22, 2010
Jackpot:$36,200,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$645,450$194,774$19,363$431,313
2$671,268$204,326$20,138$446,803
3$698,118$214,261$20,944$462,914
4$726,043$224,593$21,781$479,669
5$755,085$235,339$22,653$497,094
6$785,288$246,514$23,559$515,216
7$816,700$258,136$24,501$534,063
8$849,368$270,223$25,481$553,663
9$883,342$282,794$26,500$574,048
10$918,676$295,867$27,560$595,248
11$955,423$309,464$28,663$617,297
12$993,640$323,604$29,809$640,227
13$1,033,386$338,310$31,002$664,074
14$1,074,721$353,604$32,242$688,875
15$1,117,710$369,510$33,531$714,669
16$1,162,418$386,052$34,873$741,494
17$1,208,915$403,256$36,267$769,392
18$1,257,272$421,148$37,718$798,406
19$1,307,562$439,755$39,227$828,580
20$1,359,865$459,107$40,796$859,962
21$1,414,260$479,233$42,428$892,598
22$1,470,830$500,164$44,125$926,541
23$1,529,663$521,933$45,890$961,841
24$1,590,850$544,572$47,725$998,553
25$1,654,484$568,116$49,635$1,036,733
26$1,720,663$592,603$51,620$1,076,441
27$1,789,489$618,068$53,685$1,117,736
28$1,861,069$644,553$55,832$1,160,684
29$1,935,512$672,097$58,065$1,205,350
30$2,012,932$700,742$60,388$1,251,802
Total$36,200,000$12,072,718$1,086,001$23,041,286

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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.