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Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 24, 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 $274,800,000 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, Sep 24, 2022
Jackpot:$274,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,136,134$1,488,557$196,466$2,451,111
2$4,342,941$1,565,076$206,290$2,571,575
3$4,560,088$1,645,420$216,604$2,698,064
4$4,788,093$1,729,782$227,434$2,830,876
5$5,027,497$1,818,362$238,806$2,970,329
6$5,278,872$1,911,370$250,746$3,116,755
7$5,542,816$2,009,030$263,284$3,270,502
8$5,819,956$2,111,572$276,448$3,431,937
9$6,110,954$2,219,241$290,270$3,601,443
10$6,416,502$2,332,293$304,784$3,779,425
11$6,737,327$2,450,999$320,023$3,966,305
12$7,074,193$2,575,639$336,024$4,162,530
13$7,427,903$2,706,512$352,825$4,368,566
14$7,799,298$2,843,928$370,467$4,584,904
15$8,189,263$2,988,215$388,990$4,812,058
16$8,598,726$3,139,717$408,440$5,050,570
17$9,028,663$3,298,793$428,861$5,301,008
18$9,480,096$3,465,823$450,305$5,563,968
19$9,954,100$3,641,205$472,820$5,840,076
20$10,451,806$3,825,356$496,461$6,129,989
21$10,974,396$4,018,714$521,284$6,434,398
22$11,523,116$4,221,741$547,348$6,754,027
23$12,099,271$4,434,918$574,715$7,089,638
24$12,704,235$4,658,755$603,451$7,442,029
25$13,339,447$4,893,783$633,624$7,812,040
26$14,006,419$5,140,563$665,305$8,200,551
27$14,706,740$5,399,682$698,570$8,608,488
28$15,442,077$5,671,756$733,499$9,036,822
29$16,214,181$5,957,435$770,174$9,486,573
30$17,024,890$6,257,397$808,682$9,958,811
Total$274,800,001$100,421,634$13,053,000$161,325,368

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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.