USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jun 20, 2015

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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$67,754$872,695
2$1,483,464$507,070$70,465$905,930
3$1,542,803$529,025$73,283$940,495
4$1,604,515$551,858$76,214$976,442
5$1,668,696$575,605$79,263$1,013,827
6$1,735,443$600,302$82,434$1,052,708
7$1,804,861$625,986$85,731$1,093,144
8$1,877,056$652,698$89,160$1,135,197
9$1,952,138$680,479$92,727$1,178,932
10$2,030,223$709,370$96,436$1,224,417
11$2,111,432$739,418$100,293$1,271,721
12$2,195,889$770,667$104,305$1,320,918
13$2,283,725$803,166$108,477$1,372,082
14$2,375,074$836,965$112,816$1,425,293
15$2,470,077$872,116$117,329$1,480,632
16$2,568,880$908,673$122,022$1,538,185
17$2,671,635$946,693$126,903$1,598,040
18$2,778,501$986,233$131,979$1,660,289
19$2,889,641$1,027,355$137,258$1,725,028
20$3,005,226$1,070,122$142,748$1,792,357
21$3,125,435$1,114,599$148,458$1,862,378
22$3,250,453$1,160,855$154,397$1,935,201
23$3,380,471$1,208,962$160,572$2,010,937
24$3,515,690$1,258,993$166,995$2,089,702
25$3,656,317$1,311,025$173,675$2,171,617
26$3,802,570$1,365,139$180,622$2,256,809
27$3,954,673$1,421,417$187,847$2,345,409
28$4,112,860$1,479,946$195,361$2,437,553
29$4,277,374$1,540,816$203,175$2,533,383
30$4,448,469$1,604,121$211,302$2,633,046
Total$80,000,000$28,345,633$3,800,001$47,854,367

◄ 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.