USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$152,193$1,903,415
2$3,332,232$1,195,881$158,281$1,978,070
3$3,465,521$1,245,198$164,612$2,055,711
4$3,604,142$1,296,487$171,197$2,136,458
5$3,748,307$1,349,829$178,045$2,220,434
6$3,898,240$1,405,304$185,166$2,307,770
7$4,054,169$1,462,998$192,573$2,398,599
8$4,216,336$1,522,999$200,276$2,493,061
9$4,384,989$1,585,401$208,287$2,591,301
10$4,560,389$1,650,299$216,618$2,693,472
11$4,742,805$1,717,793$225,283$2,799,729
12$4,932,517$1,787,986$234,295$2,910,236
13$5,129,817$1,860,987$243,666$3,025,164
14$5,335,010$1,936,909$253,413$3,144,688
15$5,548,411$2,015,867$263,549$3,268,994
16$5,770,347$2,097,983$274,091$3,398,272
17$6,001,161$2,183,384$285,055$3,532,721
18$6,241,207$2,272,202$296,457$3,672,548
19$6,490,856$2,364,572$308,316$3,817,968
20$6,750,490$2,460,636$320,648$3,969,205
21$7,020,509$2,560,543$333,474$4,126,492
22$7,301,330$2,664,447$346,813$4,290,070
23$7,593,383$2,772,507$360,686$4,460,191
24$7,897,118$2,884,889$375,113$4,637,116
25$8,213,003$3,001,766$390,118$4,821,119
26$8,541,523$3,123,319$405,722$5,012,482
27$8,883,184$3,249,733$421,951$5,211,500
28$9,238,511$3,381,204$438,829$5,418,478
29$9,608,052$3,517,934$456,382$5,633,735
30$9,992,374$3,660,133$474,638$5,857,603
Total$179,700,000$65,377,650$8,535,747$105,786,602

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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.