Louisiana Lottery

LALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Louisiana, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Louisiana Powerball Jackpot/Cash Option for Sat Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(4.75%)	$11,528,250
Net Lumpsum Payment	$141,412,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$368,185	$4,554,782
2	$8,139,060	-$2,971,783 -$386,605	$4,780,672
3	$8,545,910	-$3,122,317 -$405,931	$5,017,662
4	$8,973,360	-$3,280,474 -$426,235	$5,266,651
5	$9,421,925	-$3,446,443 -$447,541	$5,527,941
6	$9,893,150	-$3,620,796 -$469,925	$5,802,429
7	$10,387,550	-$3,803,724 -$493,409	$6,090,417
8	$10,907,185	-$3,995,989 -$518,091	$6,393,105
9	$11,452,570	-$4,197,781 -$543,997	$6,710,792
10	$12,025,250	-$4,409,673 -$571,199	$7,044,378
11	$12,626,255	-$4,632,045 -$599,747	$7,394,463
12	$13,257,645	-$4,865,659 -$629,738	$7,762,248
13	$13,920,450	-$5,110,897 -$661,221	$8,148,332
14	$14,616,730	-$5,368,520 -$694,295	$8,553,915
15	$15,347,515	-$5,638,911 -$729,007	$8,979,597
16	$16,114,865	-$5,922,830 -$765,456	$9,426,579
17	$16,920,325	-$6,220,851 -$803,715	$9,895,759
18	$17,766,470	-$6,533,924 -$843,907	$10,388,639
19	$18,654,845	-$6,862,623 -$886,105	$10,906,117
20	$19,587,510	-$7,207,709 -$930,407	$11,449,394
21	$20,567,040	-$7,570,135 -$976,934	$12,019,971
22	$21,595,495	-$7,950,664 -$1,025,786	$12,619,045
23	$22,674,935	-$8,350,056 -$1,077,059	$13,247,820
24	$23,808,965	-$8,769,647 -$1,130,926	$13,908,392
25	$24,999,130	-$9,210,008 -$1,187,459	$14,601,663
26	$26,249,550	-$9,672,664 -$1,246,854	$15,330,032
27	$27,561,770	-$10,158,185 -$1,309,184	$16,094,401
28	$28,939,910	-$10,668,097 -$1,374,646	$16,897,167
29	$30,387,060	-$11,203,543 -$1,443,385	$17,740,132
30	$31,906,310	-$11,765,665 -$1,515,550	$18,625,095