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Louisiana Powerball Jackpot Annuity Payout Schedule for Feb 5, 2024

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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 $214,800,000 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:Mon, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$153,570$1,925,063
2$3,394,701$1,214,227$161,248$2,019,225
3$3,564,436$1,277,029$169,311$2,118,096
4$3,742,658$1,342,971$177,776$2,221,910
5$3,929,790$1,412,210$186,665$2,330,915
6$4,126,280$1,484,911$195,998$2,445,370
7$4,332,594$1,561,248$205,798$2,565,548
8$4,549,224$1,641,400$216,088$2,691,735
9$4,776,685$1,725,561$226,893$2,824,231
10$5,015,519$1,813,930$238,237$2,963,352
11$5,266,295$1,906,717$250,149$3,109,429
12$5,529,610$2,004,143$262,656$3,262,810
13$5,806,090$2,106,441$275,789$3,423,860
14$6,096,395$2,213,854$289,579$3,592,962
15$6,401,214$2,326,637$304,058$3,770,520
16$6,721,275$2,445,060$319,261$3,956,955
17$7,057,339$2,569,403$335,224$4,152,712
18$7,410,206$2,699,964$351,985$4,358,257
19$7,780,716$2,837,053$369,584$4,574,079
20$8,169,752$2,980,996$388,063$4,800,693
21$8,578,239$3,132,136$407,466$5,038,637
22$9,007,151$3,290,834$427,840$5,288,478
23$9,457,509$3,457,466$449,232$5,550,811
24$9,930,384$3,632,430$471,693$5,826,261
25$10,426,904$3,816,142$495,278$6,115,484
26$10,948,249$4,009,040$520,042$6,419,167
27$11,495,661$4,211,582$546,044$6,738,035
28$12,070,444$4,424,252$573,346$7,072,846
29$12,673,967$4,647,555$602,013$7,424,398
30$13,307,665$4,882,024$632,114$7,793,527
Total$214,800,000$78,221,632$10,203,000$126,375,366

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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.