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Louisiana Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $76,000,000 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:Wed, Nov 16, 2022
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$381,434$54,336$708,139
2$1,201,105$402,596$57,052$741,456
3$1,261,160$424,817$59,905$776,438
4$1,324,218$448,148$62,900$813,169
5$1,390,429$472,646$66,045$851,737
6$1,459,950$498,369$69,348$892,233
7$1,532,948$525,378$72,815$934,754
8$1,609,595$553,738$76,456$979,401
9$1,690,075$583,515$80,279$1,026,281
10$1,774,578$614,782$84,292$1,075,504
11$1,863,307$647,611$88,507$1,127,189
12$1,956,473$682,083$92,932$1,181,458
13$2,054,296$718,277$97,579$1,238,440
14$2,157,011$756,282$102,458$1,298,271
15$2,264,862$796,187$107,581$1,361,094
16$2,378,105$838,087$112,960$1,427,058
17$2,497,010$882,081$118,608$1,496,321
18$2,621,861$928,276$124,538$1,569,046
19$2,752,954$976,781$130,765$1,645,408
20$2,890,601$1,027,710$137,304$1,725,587
21$3,035,131$1,081,186$144,169$1,809,776
22$3,186,888$1,137,336$151,377$1,898,174
23$3,346,232$1,196,294$158,946$1,990,993
24$3,513,544$1,258,199$166,893$2,088,452
25$3,689,221$1,323,200$175,238$2,190,784
26$3,873,682$1,391,450$184,000$2,298,232
27$4,067,366$1,463,113$193,200$2,411,053
28$4,270,735$1,538,360$202,860$2,529,515
29$4,484,271$1,617,368$213,003$2,653,900
30$4,708,485$1,700,327$223,653$2,784,505
Total$76,000,000$26,865,631$3,609,999$45,524,368

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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.