USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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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 $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 prize 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$217,460$32,673$437,718
2$722,243$230,185$34,307$457,752
3$758,355$243,546$36,022$478,787
4$796,273$257,576$37,823$500,874
5$836,087$272,307$39,714$524,065
6$877,891$287,775$41,700$548,417
7$921,786$304,016$43,785$573,985
8$967,875$321,069$45,974$600,832
9$1,016,269$338,974$48,273$629,021
10$1,067,082$357,775$50,686$658,620
11$1,120,436$377,516$53,221$689,699
12$1,176,458$398,244$55,882$722,332
13$1,235,281$420,009$58,676$756,596
14$1,297,045$442,862$61,610$792,574
15$1,361,897$466,857$64,690$830,350
16$1,429,992$492,052$67,925$870,015
17$1,501,492$518,507$71,321$911,664
18$1,576,566$546,284$74,887$955,395
19$1,655,394$575,451$78,631$1,001,312
20$1,738,164$606,076$82,563$1,049,526
21$1,825,072$638,232$86,691$1,100,150
22$1,916,326$671,996$91,025$1,153,305
23$2,012,142$707,448$95,577$1,209,118
24$2,112,749$744,672$100,356$1,267,722
25$2,218,387$783,758$105,373$1,329,255
26$2,329,306$824,798$110,642$1,393,866
27$2,445,772$867,890$116,174$1,461,707
28$2,568,060$913,137$121,983$1,532,940
29$2,696,463$960,646$128,082$1,607,735
30$2,831,286$1,010,531$134,486$1,686,269
Total$45,700,000$15,797,649$2,170,752$27,731,601

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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.