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Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $134,500,000 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:Wed, Sep 11, 2024
Jackpot:$134,500,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,024,418$707,222$96,160$1,221,036
2$2,125,639$744,674$100,968$1,279,997
3$2,231,921$783,998$106,016$1,341,906
4$2,343,517$825,289$111,317$1,406,911
5$2,460,693$868,644$116,883$1,475,166
6$2,583,727$914,167$122,727$1,546,833
7$2,712,914$961,966$128,863$1,622,085
8$2,848,559$1,012,155$135,307$1,701,098
9$2,990,987$1,064,853$142,072$1,784,062
10$3,140,537$1,120,186$149,175$1,871,175
11$3,297,564$1,178,286$156,634$1,962,643
12$3,462,442$1,239,291$164,466$2,058,685
13$3,635,564$1,303,346$172,689$2,159,528
14$3,817,342$1,370,604$181,324$2,265,414
15$4,008,209$1,441,225$190,390$2,376,594
16$4,208,620$1,515,377$199,909$2,493,333
17$4,419,051$1,593,236$209,905$2,615,909
18$4,640,003$1,674,989$220,400$2,744,614
19$4,872,003$1,760,829$231,420$2,879,754
20$5,115,604$1,850,961$242,991$3,021,651
21$5,371,384$1,945,600$255,141$3,170,643
22$5,639,953$2,044,970$267,898$3,327,085
23$5,921,951$2,149,309$281,293$3,491,348
24$6,218,048$2,258,866$295,357$3,663,825
25$6,528,950$2,373,899$310,125$3,844,926
26$6,855,398$2,494,685$325,631$4,035,082
27$7,198,168$2,621,510$341,913$4,234,745
28$7,558,076$2,754,676$359,009$4,444,392
29$7,935,980$2,894,500$376,959$4,664,521
30$8,332,779$3,041,316$395,807$4,895,656
Total$134,500,000$48,510,629$6,388,749$79,600,617

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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.