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 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| 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 |
|
|
