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Louisiana Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Sat, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$212,692$32,673$442,485
2$722,243$225,418$34,307$462,519
3$758,355$238,779$36,022$483,554
4$796,273$252,809$37,823$505,641
5$836,087$267,540$39,714$528,833
6$877,891$283,007$41,700$553,184
7$921,786$299,248$43,785$578,752
8$967,875$316,301$45,974$605,599
9$1,016,269$334,207$48,273$633,789
10$1,067,082$353,008$50,686$663,388
11$1,120,436$372,749$53,221$694,466
12$1,176,458$393,477$55,882$727,099
13$1,235,281$415,242$58,676$761,363
14$1,297,045$438,094$61,610$797,341
15$1,361,897$462,090$64,690$835,117
16$1,429,992$487,285$67,925$874,783
17$1,501,492$513,740$71,321$916,431
18$1,576,566$541,517$74,887$960,162
19$1,655,394$570,684$78,631$1,006,080
20$1,738,164$601,308$82,563$1,054,293
21$1,825,072$633,465$86,691$1,104,917
22$1,916,326$667,228$91,025$1,158,072
23$2,012,142$702,680$95,577$1,213,885
24$2,112,749$739,905$100,356$1,272,489
25$2,218,387$778,991$105,373$1,334,023
26$2,329,306$820,031$110,642$1,398,633
27$2,445,772$863,123$116,174$1,466,474
28$2,568,060$908,370$121,983$1,537,707
29$2,696,463$955,879$128,082$1,612,502
30$2,831,286$1,005,764$134,486$1,691,037
Total$45,700,000$15,654,631$2,170,752$27,874,618

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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.