USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$238,577$2,962,747
2$5,273,797$1,914,260$250,505$3,109,032
3$5,537,487$2,011,825$263,031$3,262,631
4$5,814,361$2,114,269$276,182$3,423,911
5$6,105,079$2,221,834$289,991$3,593,254
6$6,410,333$2,334,778$304,491$3,771,064
7$6,730,850$2,453,370$319,715$3,957,765
8$7,067,393$2,577,890$335,701$4,153,801
9$7,420,762$2,708,637$352,486$4,359,639
10$7,791,800$2,845,921$370,111$4,575,769
11$8,181,390$2,990,069$388,616$4,802,705
12$8,590,460$3,141,425$408,047$5,040,988
13$9,019,983$3,300,349$428,449$5,291,185
14$9,470,982$3,467,218$449,872$5,553,892
15$9,944,531$3,642,431$472,365$5,829,734
16$10,441,758$3,826,405$495,983$6,119,369
17$10,963,845$4,019,578$520,783$6,423,485
18$11,512,038$4,222,409$546,822$6,742,807
19$12,087,639$4,435,382$574,163$7,078,095
20$12,692,022$4,659,003$602,871$7,430,148
21$13,326,623$4,893,805$633,015$7,799,803
22$13,992,954$5,140,348$664,665$8,187,941
23$14,692,601$5,399,218$697,899$8,595,485
24$15,427,231$5,671,031$732,793$9,023,407
25$16,198,593$5,956,434$769,433$9,472,725
26$17,008,523$6,256,108$807,905$9,944,510
27$17,858,949$6,570,766$848,300$10,439,883
28$18,751,896$6,901,157$890,715$10,960,024
29$19,689,491$7,248,067$935,251$11,506,173
30$20,673,966$7,612,322$982,013$12,079,630
Total$333,700,001$122,357,650$15,850,750$195,491,602

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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.