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Louisiana Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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 money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$332,306$4,116,928
2$7,345,702$2,676,098$348,921$4,320,684
3$7,712,987$2,811,993$366,367$4,534,627
4$8,098,637$2,954,683$384,685$4,759,268
5$8,503,569$3,104,508$403,920$4,995,141
6$8,928,747$3,261,824$424,115$5,242,807
7$9,375,185$3,427,006$445,321$5,502,857
8$9,843,944$3,600,447$467,587$5,775,910
9$10,336,141$3,782,560$490,967$6,062,614
10$10,852,948$3,973,779$515,515$6,363,654
11$11,395,595$4,174,558$541,291$6,679,747
12$11,965,375$4,385,377$568,355$7,011,643
13$12,563,644$4,606,736$596,773$7,360,135
14$13,191,826$4,839,163$626,612$7,726,051
15$13,851,417$5,083,212$657,942$8,110,263
16$14,543,988$5,339,463$690,839$8,513,686
17$15,271,188$5,608,527$725,381$8,937,279
18$16,034,747$5,891,044$761,650$9,382,052
19$16,836,484$6,187,687$799,733$9,849,064
20$17,678,309$6,499,162$839,720$10,339,427
21$18,562,224$6,826,211$881,706$10,854,308
22$19,490,335$7,169,612$925,791$11,394,933
23$20,464,852$7,530,183$972,080$11,962,589
24$21,488,094$7,908,783$1,020,684$12,558,627
25$22,562,499$8,306,312$1,071,719$13,184,468
26$23,690,625$8,723,719$1,125,305$13,841,601
27$24,875,156$9,161,995$1,181,570$14,531,590
28$26,118,913$9,622,186$1,240,648$15,256,079
29$27,424,859$10,105,386$1,302,681$16,016,793
30$28,796,102$10,612,746$1,367,815$16,815,542
Total$464,800,001$170,721,633$22,077,999$272,000,367

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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.