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Louisiana Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2025 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 $209,200,000 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:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$111,902$2,281,014
2$3,879,259$1,392,346$116,378$2,370,535
3$4,034,429$1,449,759$121,033$2,463,637
4$4,195,807$1,509,469$125,874$2,560,464
5$4,363,639$1,571,567$130,909$2,661,163
6$4,538,184$1,636,148$136,146$2,765,890
7$4,719,712$1,703,314$141,591$2,874,807
8$4,908,500$1,773,165$147,255$2,988,080
9$5,104,840$1,845,811$153,145$3,105,884
10$5,309,034$1,921,363$159,271$3,228,400
11$5,521,395$1,999,936$165,642$3,355,817
12$5,742,251$2,081,653$172,268$3,488,330
13$5,971,941$2,166,638$179,158$3,626,144
14$6,210,819$2,255,023$186,325$3,769,471
15$6,459,251$2,346,943$193,778$3,918,531
16$6,717,621$2,442,540$201,529$4,073,553
17$6,986,326$2,541,961$209,590$4,234,776
18$7,265,779$2,645,359$217,973$4,402,447
19$7,556,411$2,752,892$226,692$4,576,826
20$7,858,667$2,864,727$235,760$4,758,180
21$8,173,014$2,981,035$245,190$4,946,788
22$8,499,934$3,101,996$254,998$5,142,940
23$8,839,932$3,227,795$265,198$5,346,939
24$9,193,529$3,358,626$275,806$5,559,097
25$9,561,270$3,494,690$286,838$5,779,742
26$9,943,721$3,636,197$298,312$6,009,212
27$10,341,470$3,783,364$310,244$6,247,862
28$10,755,128$3,936,418$322,654$6,496,057
29$11,185,334$4,095,594$335,560$6,754,180
30$11,632,747$4,261,137$348,982$7,022,628
Total$209,200,000$76,114,607$6,276,001$126,809,394

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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.