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Louisiana Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $89,200,000 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:Mon, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$63,773$823,870
2$1,409,717$479,783$66,962$862,973
3$1,480,203$505,863$70,310$904,031
4$1,554,213$533,247$73,825$947,142
5$1,631,924$562,000$77,516$992,408
6$1,713,520$592,190$81,392$1,039,938
7$1,799,196$623,890$85,462$1,089,844
8$1,889,156$657,176$89,735$1,142,246
9$1,983,614$692,125$94,222$1,197,267
10$2,082,795$728,822$98,933$1,255,040
11$2,186,934$767,353$103,879$1,315,702
12$2,296,281$807,812$109,073$1,379,396
13$2,411,095$850,293$114,527$1,446,275
14$2,531,650$894,898$120,253$1,516,498
15$2,658,232$941,734$126,266$1,590,233
16$2,791,144$990,911$132,579$1,667,654
17$2,930,701$1,042,547$139,208$1,748,946
18$3,077,236$1,096,765$146,169$1,834,302
19$3,231,098$1,153,694$153,477$1,923,927
20$3,392,653$1,213,469$161,151$2,018,033
21$3,562,286$1,276,233$169,209$2,116,844
22$3,740,400$1,342,136$177,669$2,220,595
23$3,927,420$1,411,333$186,552$2,329,534
24$4,123,791$1,483,990$195,880$2,443,920
25$4,329,980$1,560,281$205,674$2,564,026
26$4,546,480$1,640,385$215,958$2,690,137
27$4,773,804$1,724,495$226,756$2,822,553
28$5,012,494$1,812,810$238,093$2,961,590
29$5,263,118$1,905,542$249,998$3,107,579
30$5,526,274$2,002,909$262,498$3,260,867
Total$89,200,000$31,749,631$4,236,999$53,213,370

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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.