USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 19, 2015

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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 $211,500,000 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, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$113,132$2,305,619
2$3,921,909$1,408,126$117,657$2,396,125
3$4,078,785$1,466,171$122,364$2,490,251
4$4,241,936$1,526,537$127,258$2,588,142
5$4,411,614$1,589,317$132,348$2,689,948
6$4,588,078$1,654,609$137,642$2,795,827
7$4,771,601$1,722,513$143,148$2,905,941
8$4,962,466$1,793,133$148,874$3,020,459
9$5,160,964$1,866,577$154,829$3,139,558
10$5,367,403$1,942,959$161,022$3,263,421
11$5,582,099$2,022,397$167,463$3,392,239
12$5,805,383$2,105,012$174,161$3,526,209
13$6,037,598$2,190,932$181,128$3,665,539
14$6,279,102$2,280,288$188,373$3,810,441
15$6,530,266$2,373,219$195,908$3,961,139
16$6,791,477$2,469,867$203,744$4,117,866
17$7,063,136$2,570,381$211,894$4,280,861
18$7,345,661$2,674,915$220,370$4,450,377
19$7,639,488$2,783,631$229,185$4,626,672
20$7,945,067$2,896,695$238,352$4,810,020
21$8,262,870$3,014,282$247,886$5,000,702
22$8,593,385$3,136,573$257,802$5,199,011
23$8,937,120$3,263,755$268,114$5,405,252
24$9,294,605$3,396,024$278,838$5,619,743
25$9,666,389$3,533,584$289,992$5,842,813
26$10,053,045$3,676,647$301,591$6,074,807
27$10,455,166$3,825,432$313,655$6,316,080
28$10,873,373$3,980,168$326,201$6,567,004
29$11,308,308$4,141,094$339,249$6,827,965
30$11,760,640$4,308,457$352,819$7,099,364
Total$211,500,000$76,965,610$6,344,999$128,189,395

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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.