Louisiana Lottery

LALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 21, 2025 is estimated to be $118 Million, with a cash option of 53.4 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 Jun 21, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 21, 2025	$118,000,000	$53,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,400,000
Federal Tax(24%)	$12,816,000
Additional Federal Tax	$6,902,330
State Tax(4.75%)	$2,536,500
Net Lumpsum Payment	$31,145,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$84,361	$1,074,200
2	$1,864,872	-$650,333 -$88,581	$1,125,958
3	$1,958,092	-$684,824 -$93,009	$1,180,259
4	$2,056,032	-$721,062 -$97,662	$1,237,308
5	$2,158,810	-$759,090 -$102,543	$1,297,177
6	$2,266,780	-$799,039 -$107,672	$1,360,069
7	$2,380,060	-$840,953 -$113,053	$1,426,054
8	$2,499,122	-$885,006 -$118,708	$1,495,408
9	$2,624,084	-$931,241 -$124,644	$1,568,199
10	$2,755,300	-$979,791 -$130,877	$1,644,632
11	$2,893,006	-$1,030,743 -$137,418	$1,724,845
12	$3,037,674	-$1,084,270 -$144,290	$1,809,114
13	$3,189,540	-$1,140,460 -$151,503	$1,897,577
14	$3,349,076	-$1,199,489 -$159,081	$1,990,506
15	$3,516,518	-$1,261,442 -$167,035	$2,088,041
16	$3,692,338	-$1,326,495 -$175,386	$2,190,457
17	$3,876,890	-$1,394,780 -$184,152	$2,297,958
18	$4,070,764	-$1,466,513 -$193,361	$2,410,890
19	$4,274,314	-$1,541,827 -$203,030	$2,529,457
20	$4,488,012	-$1,620,895 -$213,181	$2,653,936
21	$4,712,448	-$1,703,936 -$223,841	$2,784,671
22	$4,948,094	-$1,791,125 -$235,034	$2,921,935
23	$5,195,422	-$1,882,637 -$246,783	$3,066,002
24	$5,455,258	-$1,978,776 -$259,125	$3,217,357
25	$5,727,956	-$2,079,674 -$272,078	$3,376,204
26	$6,014,460	-$2,185,681 -$285,687	$3,543,092
27	$6,315,124	-$2,296,926 -$299,968	$3,718,230
28	$6,630,892	-$2,413,760 -$314,967	$3,902,165
29	$6,962,472	-$2,536,445 -$330,717	$4,095,310
30	$7,310,572	-$2,665,242 -$347,252	$4,298,078