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Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 18, 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 $176,300,000 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 18, 2024
Jackpot:$176,300,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,653,568$940,008$126,044$1,587,516
2$2,786,246$989,099$132,347$1,664,801
3$2,925,559$1,040,644$138,964$1,745,950
4$3,071,837$1,094,767$145,912$1,831,157
5$3,225,428$1,151,596$153,208$1,920,624
6$3,386,700$1,211,267$160,868$2,014,565
7$3,556,035$1,273,921$168,912$2,113,203
8$3,733,837$1,339,707$177,357$2,216,772
9$3,920,529$1,408,783$186,225$2,325,520
10$4,116,555$1,481,313$195,536$2,439,705
11$4,322,383$1,557,469$205,313$2,559,600
12$4,538,502$1,637,433$215,579$2,685,490
13$4,765,427$1,721,396$226,358$2,817,673
14$5,003,698$1,809,556$237,676$2,956,467
15$5,253,883$1,902,125$249,559$3,102,199
16$5,516,577$1,999,321$262,037$3,255,219
17$5,792,406$2,101,378$275,139$3,415,889
18$6,082,026$2,208,538$288,896$3,584,593
19$6,386,128$2,321,055$303,341$3,761,732
20$6,705,434$2,439,198$318,508$3,947,728
21$7,040,706$2,563,249$334,434$4,143,023
22$7,392,741$2,693,502$351,155$4,348,084
23$7,762,378$2,830,268$368,713$4,563,398
24$8,150,497$2,973,872$387,149$4,789,477
25$8,558,022$3,124,656$406,506$5,026,860
26$8,985,923$3,282,979$426,831$5,276,113
27$9,435,219$3,449,219$448,173$5,537,828
28$9,906,980$3,623,770$470,582$5,812,628
29$10,402,329$3,807,050$494,111$6,101,169
30$10,922,446$3,999,493$518,816$6,404,137
Total$176,300,000$63,976,632$8,374,249$103,949,120

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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.