USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Apr 16, 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 $42,300,000 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, Apr 16, 2011
Jackpot:$42,300,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,213$237,247$35,825$481,141
2$784,382$248,409$37,258$498,715
3$815,757$260,018$38,748$516,991
4$848,387$272,091$40,298$535,998
5$882,323$284,647$41,910$555,765
6$917,616$297,706$43,587$576,323
7$954,320$311,286$45,330$597,704
8$992,493$325,410$47,143$619,939
9$1,032,193$340,099$49,029$643,065
10$1,073,481$355,376$50,990$667,115
11$1,116,420$371,263$53,030$692,127
12$1,161,077$387,786$55,151$718,139
13$1,207,520$404,970$57,357$745,192
14$1,255,820$422,841$59,651$773,328
15$1,306,053$441,427$62,038$802,588
16$1,358,295$460,757$64,519$833,019
17$1,412,627$480,860$67,100$864,668
18$1,469,132$501,767$69,784$897,582
19$1,527,898$523,510$72,575$931,813
20$1,589,013$546,123$75,478$967,413
21$1,652,574$569,640$78,497$1,004,437
22$1,718,677$594,098$81,637$1,042,942
23$1,787,424$619,535$84,903$1,082,987
24$1,858,921$645,989$88,299$1,124,634
25$1,933,278$673,501$91,831$1,167,947
26$2,010,609$702,113$95,504$1,212,992
27$2,091,033$731,870$99,324$1,259,839
28$2,174,675$762,817$103,297$1,308,560
29$2,261,662$795,003$107,429$1,359,230
30$2,352,128$828,475$111,726$1,411,927
Total$42,300,000$14,396,634$2,009,248$25,894,120

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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.