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Louisiana Powerball Jackpot Annuity Payout Schedule for Dec 14, 2011

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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 $77,700,000 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 14, 2011
Jackpot:$77,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,385,399$470,785$65,806$848,807
2$1,440,815$491,289$68,439$881,087
3$1,498,447$512,613$71,176$914,658
4$1,558,385$534,790$74,023$949,572
5$1,620,721$557,854$76,984$985,882
6$1,685,549$581,841$80,064$1,023,645
7$1,752,971$606,787$83,266$1,062,918
8$1,823,090$632,731$86,597$1,103,762
9$1,896,014$659,713$90,061$1,146,240
10$1,971,854$687,774$93,663$1,190,417
11$2,050,729$716,957$97,410$1,236,362
12$2,132,758$747,308$101,306$1,284,144
13$2,218,068$778,873$105,358$1,333,837
14$2,306,791$811,700$109,573$1,385,518
15$2,399,062$845,841$113,955$1,439,266
16$2,495,025$881,347$118,514$1,495,164
17$2,594,826$918,273$123,254$1,553,298
18$2,698,619$956,677$128,184$1,613,758
19$2,806,564$996,616$133,312$1,676,636
20$2,918,826$1,038,153$138,644$1,742,028
21$3,035,579$1,081,352$144,190$1,810,037
22$3,157,002$1,126,279$149,958$1,880,766
23$3,283,282$1,173,002$155,956$1,954,324
24$3,414,614$1,221,595$162,194$2,030,825
25$3,551,198$1,272,131$168,682$2,110,385
26$3,693,246$1,324,689$175,429$2,193,128
27$3,840,976$1,379,349$182,446$2,279,181
28$3,994,615$1,436,195$189,744$2,368,676
29$4,154,400$1,495,316$197,334$2,461,750
30$4,320,576$1,556,801$205,227$2,558,548
Total$77,700,000$27,494,631$3,690,749$46,514,619

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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.