The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Louisiana residents, the state will deduct 4.75% from your lottery earnings.
| Louisiana Powerball Jackpot/Cash Option for Wed Jul 9, 2025 |
|---|
| Draw Date | Wed Jul 9, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $98,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,400,000 | | Federal Tax(24%) | $23,616,000 | | Additional Federal Tax | $12,752,330 | | State Tax(4.75%) | $4,674,000 | | Net Lumpsum Payment | $57,357,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$154,423 |
$1,933,387 |
| 2 |
$3,413,664 |
$1,223,386
$162,149 |
$2,028,129 |
| 3 |
$3,584,304 |
$1,286,523
$170,254 |
$2,127,527 |
| 4 |
$3,763,584 |
$1,352,856
$178,770 |
$2,231,958 |
| 5 |
$3,951,720 |
$1,422,467
$187,707 |
$2,341,546 |
| 6 |
$4,149,360 |
$1,495,594
$197,095 |
$2,456,671 |
| 7 |
$4,356,720 |
$1,572,317
$206,944 |
$2,577,459 |
| 8 |
$4,574,664 |
$1,652,956
$217,297 |
$2,704,411 |
| 9 |
$4,803,408 |
$1,737,591
$228,162 |
$2,837,655 |
| 10 |
$5,043,600 |
$1,826,462
$239,571 |
$2,977,567 |
| 11 |
$5,295,672 |
$1,919,729
$251,544 |
$3,124,399 |
| 12 |
$5,560,488 |
$2,017,711
$264,123 |
$3,278,654 |
| 13 |
$5,838,480 |
$2,120,568
$277,328 |
$3,440,584 |
| 14 |
$6,130,512 |
$2,228,620
$291,199 |
$3,610,693 |
| 15 |
$6,437,016 |
$2,342,026
$305,758 |
$3,789,232 |
| 16 |
$6,758,856 |
$2,461,107
$321,046 |
$3,976,703 |
| 17 |
$7,096,680 |
$2,586,102
$337,092 |
$4,173,486 |
| 18 |
$7,451,568 |
$2,717,411
$353,949 |
$4,380,208 |
| 19 |
$7,824,168 |
$2,855,273
$371,648 |
$4,597,247 |
| 20 |
$8,215,344 |
$3,000,008
$390,229 |
$4,825,107 |
| 21 |
$8,626,176 |
$3,152,016
$409,743 |
$5,064,417 |
| 22 |
$9,057,528 |
$3,311,616
$430,233 |
$5,315,679 |
| 23 |
$9,510,264 |
$3,479,128
$451,738 |
$5,579,398 |
| 24 |
$9,985,896 |
$3,655,112
$474,330 |
$5,856,454 |
| 25 |
$10,485,072 |
$3,839,807
$498,041 |
$6,147,224 |
| 26 |
$11,009,520 |
$4,033,853
$522,952 |
$6,452,715 |
| 27 |
$11,559,888 |
$4,237,489
$549,095 |
$6,773,304 |
| 28 |
$12,137,904 |
$4,451,355
$576,550 |
$7,109,999 |
| 29 |
$12,744,864 |
$4,675,930
$605,381 |
$7,463,553 |
| 30 |
$13,382,064 |
$4,911,694
$635,648 |
$7,834,722 |
|
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