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Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 7, 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 $108,800,000 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, Sep 7, 2011
Jackpot:$108,800,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,939,915$674,789$58,197$1,206,929
2$2,017,511$703,499$60,525$1,253,487
3$2,098,212$733,359$62,946$1,301,907
4$2,182,140$764,412$65,464$1,352,264
5$2,269,426$796,708$68,083$1,404,635
6$2,360,203$830,295$70,806$1,459,102
7$2,454,611$865,226$73,638$1,515,746
8$2,552,796$901,555$76,584$1,574,657
9$2,654,907$939,336$79,647$1,635,924
10$2,761,104$978,629$82,833$1,699,642
11$2,871,548$1,019,493$86,146$1,765,908
12$2,986,410$1,061,992$89,592$1,834,826
13$3,105,866$1,106,191$93,176$1,906,499
14$3,230,101$1,152,158$96,903$1,981,040
15$3,359,305$1,199,963$100,779$2,058,563
16$3,493,677$1,249,681$104,810$2,139,186
17$3,633,424$1,301,387$109,003$2,223,034
18$3,778,761$1,355,162$113,363$2,310,236
19$3,929,911$1,411,087$117,897$2,400,927
20$4,087,108$1,469,250$122,613$2,495,244
21$4,250,592$1,529,739$127,518$2,593,335
22$4,420,616$1,592,648$132,618$2,695,349
23$4,597,441$1,658,073$137,923$2,801,444
24$4,781,338$1,726,115$143,440$2,911,783
25$4,972,592$1,796,879$149,178$3,026,535
26$5,171,495$1,870,474$155,145$3,145,877
27$5,378,355$1,947,012$161,351$3,269,993
28$5,593,489$2,026,611$167,805$3,399,073
29$5,817,229$2,109,395$174,517$3,533,317
30$6,049,918$2,195,490$181,498$3,672,931
Total$108,800,000$38,966,608$3,263,998$66,569,393

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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.