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Louisiana Powerball Jackpot Annuity Payout Schedule for Jan 13, 2021

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The tax information provided here is based on 2021 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 $556,700,000 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 prize money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Wed, Jan 13, 2021
Jackpot:$556,700,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,379,134$3,064,352$502,748$4,812,034
2$8,798,091$3,219,366$527,885$5,050,839
3$9,237,995$3,382,130$554,280$5,301,585
4$9,699,895$3,553,033$581,994$5,564,868
5$10,184,889$3,732,481$611,093$5,841,315
6$10,694,134$3,920,902$641,648$6,131,584
7$11,228,841$4,118,743$673,730$6,436,367
8$11,790,283$4,326,477$707,417$6,756,389
9$12,379,797$4,544,597$742,788$7,092,412
10$12,998,787$4,773,623$779,927$7,445,236
11$13,648,726$5,014,101$818,924$7,815,702
12$14,331,163$5,266,602$859,870$8,204,690
13$15,047,721$5,531,729$902,863$8,613,129
14$15,800,107$5,810,112$948,006$9,041,989
15$16,590,112$6,102,414$995,407$9,492,292
16$17,419,618$6,409,331$1,045,177$9,965,110
17$18,290,598$6,731,594$1,097,436$10,461,569
18$19,205,128$7,069,970$1,152,308$10,982,851
19$20,165,385$7,425,265$1,209,923$11,530,197
20$21,173,654$7,798,324$1,270,419$12,104,911
21$22,232,337$8,190,037$1,333,940$12,708,360
22$23,343,954$8,601,335$1,400,637$13,341,981
23$24,511,151$9,033,198$1,470,669$14,007,284
24$25,736,709$9,486,654$1,544,203$14,705,852
25$27,023,544$9,962,784$1,621,413$15,439,348
26$28,374,722$10,462,719$1,702,483$16,209,519
27$29,793,458$10,987,652$1,787,607$17,018,199
28$31,283,130$11,538,830$1,876,988$17,867,312
29$32,847,287$12,117,568$1,970,837$18,758,881
30$34,489,652$12,725,243$2,069,379$19,695,029
Total$556,700,001$204,901,166$33,401,999$318,396,834

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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.