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Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,550,931$204,474$2,549,306
2$4,519,946$1,630,568$214,697$2,674,681
3$4,745,943$1,714,187$225,432$2,806,324
4$4,983,241$1,801,987$236,704$2,944,550
5$5,232,402$1,894,177$248,539$3,089,687
6$5,494,023$1,990,976$260,966$3,242,080
7$5,768,724$2,092,616$274,014$3,402,094
8$6,057,160$2,199,337$287,715$3,570,108
9$6,360,018$2,311,394$302,101$3,746,523
10$6,678,019$2,429,055$317,206$3,931,758
11$7,011,920$2,552,598$333,066$4,126,256
12$7,362,516$2,682,319$349,719$4,330,478
13$7,730,641$2,818,525$367,205$4,544,911
14$8,117,174$2,961,542$385,566$4,770,066
15$8,523,032$3,111,710$404,844$5,006,479
16$8,949,184$3,269,386$425,086$5,254,712
17$9,396,643$3,434,946$446,341$5,515,357
18$9,866,475$3,608,784$468,658$5,789,034
19$10,359,799$3,791,313$492,090$6,076,395
20$10,877,789$3,982,970$516,695$6,378,124
21$11,421,678$4,184,209$542,530$6,694,940
22$11,992,762$4,395,510$569,656$7,027,596
23$12,592,400$4,617,376$598,139$7,376,885
24$13,222,020$4,850,335$628,046$7,743,639
25$13,883,121$5,094,943$659,448$8,128,730
26$14,577,278$5,351,780$692,421$8,533,076
27$15,306,141$5,621,460$727,042$8,957,640
28$16,071,448$5,904,624$763,394$9,403,431
29$16,875,021$6,201,945$801,563$9,871,512
30$17,718,772$6,514,133$841,642$10,362,997
Total$286,000,001$104,565,636$13,584,999$167,849,369

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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.