USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$320,152$3,963,114
2$7,077,034$2,581,458$336,159$4,159,417
3$7,430,886$2,712,383$352,967$4,365,536
4$7,802,430$2,849,854$370,615$4,581,961
5$8,192,552$2,994,199$389,146$4,809,206
6$8,602,179$3,145,761$408,604$5,047,814
7$9,032,289$3,304,902$429,034$5,298,353
8$9,483,903$3,471,999$450,485$5,561,418
9$9,958,098$3,647,451$473,010$5,837,637
10$10,456,003$3,831,676$496,660$6,127,667
11$10,978,803$4,025,112$521,493$6,432,198
12$11,527,743$4,228,220$547,568$6,751,955
13$12,104,130$4,441,483$574,946$7,087,701
14$12,709,337$4,665,410$603,694$7,440,234
15$13,344,804$4,900,532$633,878$7,810,393
16$14,012,044$5,147,411$665,572$8,199,061
17$14,712,646$5,406,634$698,851$8,607,161
18$15,448,278$5,678,818$733,793$9,035,667
19$16,220,692$5,964,611$770,483$9,485,598
20$17,031,727$6,264,694$809,007$9,958,026
21$17,883,313$6,579,781$849,457$10,454,075
22$18,777,479$6,910,622$891,930$10,974,926
23$19,716,353$7,258,006$936,527$11,521,820
24$20,702,170$7,622,758$983,353$12,096,059
25$21,737,279$8,005,748$1,032,521$12,699,010
26$22,824,143$8,407,888$1,084,147$13,332,108
27$23,965,350$8,830,135$1,138,354$13,996,861
28$25,163,617$9,273,493$1,195,272$14,694,852
29$26,421,798$9,739,020$1,255,035$15,427,742
30$27,742,888$10,227,824$1,317,787$16,197,277
Total$447,800,001$164,574,650$21,270,500$261,954,847

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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.