Louisiana Lottery

LALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(4.75%)	$4,716,750
Net Lumpsum Payment	$57,881,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$153,708	$1,924,620
2	$3,397,860	-$1,217,539 -$161,398	$2,018,923
3	$3,567,710	-$1,280,383 -$169,466	$2,117,861
4	$3,746,160	-$1,346,410 -$177,943	$2,221,807
5	$3,933,425	-$1,415,698 -$186,838	$2,330,889
6	$4,130,150	-$1,488,486 -$196,182	$2,445,482
7	$4,336,550	-$1,564,854 -$205,986	$2,565,710
8	$4,553,485	-$1,645,120 -$216,291	$2,692,074
9	$4,781,170	-$1,729,363 -$227,106	$2,824,701
10	$5,020,250	-$1,817,823 -$238,462	$2,963,965
11	$5,271,155	-$1,910,658 -$250,380	$3,110,117
12	$5,534,745	-$2,008,186 -$262,900	$3,263,659
13	$5,811,450	-$2,110,567 -$276,044	$3,424,839
14	$6,102,130	-$2,218,118 -$289,851	$3,594,161
15	$6,407,215	-$2,331,000 -$304,343	$3,771,872
16	$6,727,565	-$2,449,529 -$319,559	$3,958,477
17	$7,063,825	-$2,573,946 -$335,532	$4,154,347
18	$7,417,070	-$2,704,646 -$352,311	$4,360,113
19	$7,787,945	-$2,841,870 -$369,927	$4,576,148
20	$8,177,310	-$2,985,935 -$388,422	$4,802,953
21	$8,586,240	-$3,137,239 -$407,846	$5,041,155
22	$9,015,595	-$3,296,101 -$428,241	$5,291,253
23	$9,466,235	-$3,462,837 -$449,646	$5,553,752
24	$9,939,665	-$3,638,006 -$472,134	$5,829,525
25	$10,436,530	-$3,821,846 -$495,735	$6,118,949
26	$10,958,550	-$4,014,994 -$520,531	$6,423,025
27	$11,506,370	-$4,217,687 -$546,553	$6,742,130
28	$12,081,710	-$4,430,563 -$573,881	$7,077,266
29	$12,685,860	-$4,654,099 -$602,578	$7,429,183
30	$13,320,110	-$4,888,771 -$632,705	$7,798,634