The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Oct 15, 2025 |
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Draw Date | Wed Oct 15, 2025 | Projected Jackpot | $273,000,000 | Cash Value | $127,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $127,800,000 | Federal Tax(24%) | $30,672,000 | Additional Federal Tax | $16,574,330 | State Tax(4.75%) | $6,070,500 | Net Lumpsum Payment | $74,483,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,108,923 |
$1,480,632 $195,174 |
$2,433,117 |
2 |
$4,314,492 |
$1,556,692 $204,938 |
$2,552,862 |
3 |
$4,530,162 |
$1,636,490 $215,183 |
$2,678,489 |
4 |
$4,756,752 |
$1,720,329 $225,946 |
$2,810,477 |
5 |
$4,994,535 |
$1,808,308 $237,240 |
$2,948,987 |
6 |
$5,244,330 |
$1,900,732 $249,106 |
$3,094,492 |
7 |
$5,506,410 |
$1,997,702 $261,554 |
$3,247,154 |
8 |
$5,781,867 |
$2,099,621 $274,639 |
$3,407,607 |
9 |
$6,070,974 |
$2,206,591 $288,371 |
$3,576,012 |
10 |
$6,374,550 |
$2,318,914 $302,791 |
$3,752,845 |
11 |
$6,693,141 |
$2,436,793 $317,924 |
$3,938,424 |
12 |
$7,027,839 |
$2,560,631 $333,822 |
$4,133,386 |
13 |
$7,379,190 |
$2,690,631 $350,512 |
$4,338,047 |
14 |
$7,748,286 |
$2,827,196 $368,044 |
$4,553,046 |
15 |
$8,135,673 |
$2,970,529 $386,444 |
$4,778,700 |
16 |
$8,542,443 |
$3,121,034 $405,766 |
$5,015,643 |
17 |
$8,969,415 |
$3,279,014 $426,047 |
$5,264,354 |
18 |
$9,417,954 |
$3,444,973 $447,353 |
$5,525,628 |
19 |
$9,888,879 |
$3,619,216 $469,722 |
$5,799,941 |
20 |
$10,383,282 |
$3,802,145 $493,206 |
$6,087,931 |
21 |
$10,902,528 |
$3,994,266 $517,870 |
$6,390,392 |
22 |
$11,447,709 |
$4,195,983 $543,766 |
$6,707,960 |
23 |
$12,019,917 |
$4,407,700 $570,946 |
$7,041,271 |
24 |
$12,621,063 |
$4,630,124 $599,500 |
$7,391,439 |
25 |
$13,251,966 |
$4,863,558 $629,468 |
$7,758,940 |
26 |
$13,914,810 |
$5,108,810 $660,953 |
$8,145,047 |
27 |
$14,610,414 |
$5,366,184 $693,995 |
$8,550,235 |
28 |
$15,340,962 |
$5,636,486 $728,696 |
$8,975,780 |
29 |
$16,108,092 |
$5,920,324 $765,134 |
$9,422,634 |
30 |
$16,913,442 |
$6,218,304 $803,388 |
$9,891,750 |
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