USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$113,573$1,434,579
2$2,486,657$878,251$118,116$1,490,290
3$2,586,123$915,053$122,841$1,548,229
4$2,689,568$953,328$127,754$1,608,486
5$2,797,151$993,134$132,865$1,671,153
6$2,909,037$1,034,531$138,179$1,736,326
7$3,025,398$1,077,585$143,706$1,804,107
8$3,146,414$1,122,361$149,455$1,874,599
9$3,272,271$1,168,928$155,433$1,947,910
10$3,403,162$1,217,358$161,650$2,024,154
11$3,539,288$1,267,724$168,116$2,103,448
12$3,680,860$1,320,106$174,841$2,185,913
13$3,828,094$1,374,583$181,834$2,271,677
14$3,981,218$1,431,238$189,108$2,360,872
15$4,140,467$1,490,160$196,672$2,453,634
16$4,306,085$1,551,439$204,539$2,550,107
17$4,478,329$1,615,169$212,721$2,650,439
18$4,657,462$1,681,449$221,229$2,754,784
19$4,843,760$1,750,379$230,079$2,863,303
20$5,037,511$1,822,067$239,282$2,976,162
21$5,239,011$1,896,622$248,853$3,093,536
22$5,448,572$1,974,159$258,807$3,215,605
23$5,666,514$2,054,798$269,159$3,342,557
24$5,893,175$2,138,663$279,926$3,474,587
25$6,128,902$2,225,881$291,123$3,611,898
26$6,374,058$2,316,589$302,768$3,754,701
27$6,629,020$2,410,925$314,878$3,903,217
28$6,894,181$2,509,035$327,474$4,057,673
29$7,169,948$2,611,069$340,573$4,218,307
30$7,456,746$2,717,184$354,195$4,385,367
Total$134,100,000$48,362,632$6,369,749$79,367,620

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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.