Louisiana Lottery

LALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 20, 2025 is estimated to be $643 Million, with a cash option of 290.6 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 Wed Aug 20, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 20, 2025	$643,000,000	$290,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,600,000
Federal Tax(24%)	$69,744,000
Additional Federal Tax	$37,738,330
State Tax(4.75%)	$13,803,500
Net Lumpsum Payment	$169,314,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,677,793	-$3,541,114 -$459,695	$5,676,984
2	$10,161,972	-$3,720,260 -$482,694	$5,959,018
3	$10,669,942	-$3,908,209 -$506,822	$6,254,911
4	$11,203,632	-$4,105,674 -$532,173	$6,565,785
5	$11,763,685	-$4,312,894 -$558,775	$6,892,016
6	$12,352,030	-$4,530,581 -$586,721	$7,234,728
7	$12,969,310	-$4,758,975 -$616,042	$7,594,293
8	$13,618,097	-$4,999,026 -$646,860	$7,972,211
9	$14,299,034	-$5,250,973 -$679,204	$8,368,857
10	$15,014,050	-$5,515,529 -$713,167	$8,785,354
11	$15,764,431	-$5,793,170 -$748,810	$9,222,451
12	$16,552,749	-$6,084,848 -$786,256	$9,681,645
13	$17,380,290	-$6,391,038 -$825,564	$10,163,688
14	$18,249,626	-$6,712,692 -$866,857	$10,670,077
15	$19,162,043	-$7,050,286 -$910,197	$11,201,560
16	$20,120,113	-$7,404,772 -$955,705	$11,759,636
17	$21,125,765	-$7,776,863 -$1,003,474	$12,345,428
18	$22,182,214	-$8,167,750 -$1,053,655	$12,960,809
19	$23,291,389	-$8,578,144 -$1,106,341	$13,606,904
20	$24,455,862	-$9,008,999 -$1,161,653	$14,285,210
21	$25,678,848	-$9,461,504 -$1,219,745	$14,997,599
22	$26,962,919	-$9,936,610 -$1,280,739	$15,745,570
23	$28,310,647	-$10,435,270 -$1,344,756	$16,530,621
24	$29,726,533	-$10,959,148 -$1,412,010	$17,355,375
25	$31,212,506	-$11,508,958 -$1,482,594	$18,220,954
26	$32,773,710	-$12,086,603 -$1,556,751	$19,130,356
27	$34,412,074	-$12,692,798 -$1,634,574	$20,084,702
28	$36,132,742	-$13,329,445 -$1,716,305	$21,086,992
29	$37,939,572	-$13,997,972 -$1,802,130	$22,139,470
30	$39,836,422	-$14,699,807 -$1,892,230	$23,244,385