USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Nov 19, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$50,731$663,936
2$1,110,744$369,163$52,760$688,821
3$1,155,174$385,602$54,871$714,701
4$1,201,381$402,699$57,066$741,616
5$1,249,436$420,479$59,348$769,609
6$1,299,413$438,971$61,722$798,720
7$1,351,390$458,202$64,191$828,997
8$1,405,445$478,203$66,759$860,484
9$1,461,663$499,003$69,429$893,231
10$1,520,130$520,636$72,206$927,288
11$1,580,935$543,134$75,094$962,707
12$1,644,172$566,531$78,098$999,543
13$1,709,939$590,865$81,222$1,037,852
14$1,778,337$616,172$84,471$1,077,693
15$1,849,470$642,492$87,850$1,119,129
16$1,923,449$669,864$91,364$1,162,221
17$2,000,387$698,331$95,018$1,207,038
18$2,080,402$727,937$98,819$1,253,647
19$2,163,619$758,727$102,772$1,302,120
20$2,250,163$790,748$106,883$1,352,532
21$2,340,170$824,051$111,158$1,404,961
22$2,433,777$858,685$115,604$1,459,487
23$2,531,128$894,705$120,229$1,516,194
24$2,632,373$932,166$125,038$1,575,169
25$2,737,668$971,125$130,039$1,636,504
26$2,847,174$1,011,642$135,241$1,700,291
27$2,961,061$1,053,780$140,650$1,766,630
28$3,079,504$1,097,604$146,276$1,835,623
29$3,202,684$1,143,181$152,127$1,907,376
30$3,330,791$1,190,581$158,213$1,981,998
Total$59,900,000$20,908,635$2,845,249$36,146,118

◄ Back to Jackpot Analysis

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.