The jackpot for the Powerball draw on Mon Oct 20, 2025, is projected to be $304 Million, with an option for a cash payout of $144.6 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 Mon Oct 20, 2025 |
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Draw Date | Mon Oct 20, 2025 | Projected Jackpot | $304,000,000 | Cash Value | $144,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $144,600,000 | Federal Tax(24%) | $34,704,000 | Additional Federal Tax | $18,758,330 | State Tax(4.75%) | $6,868,500 | Net Lumpsum Payment | $84,269,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,575,504 |
$1,653,267 $217,336 |
$2,704,901 |
2 |
$4,804,416 |
$1,737,964 $228,210 |
$2,838,242 |
3 |
$5,044,576 |
$1,826,824 $239,617 |
$2,978,135 |
4 |
$5,296,896 |
$1,920,182 $251,603 |
$3,125,111 |
5 |
$5,561,680 |
$2,018,152 $264,180 |
$3,279,348 |
6 |
$5,839,840 |
$2,121,071 $277,392 |
$3,441,377 |
7 |
$6,131,680 |
$2,229,052 $291,255 |
$3,611,373 |
8 |
$6,438,416 |
$2,342,544 $305,825 |
$3,790,047 |
9 |
$6,760,352 |
$2,461,661 $321,117 |
$3,977,574 |
10 |
$7,098,400 |
$2,586,738 $337,174 |
$4,174,488 |
11 |
$7,453,168 |
$2,718,003 $354,025 |
$4,381,140 |
12 |
$7,825,872 |
$2,855,903 $371,729 |
$4,598,240 |
13 |
$8,217,120 |
$3,000,665 $390,313 |
$4,826,142 |
14 |
$8,628,128 |
$3,152,738 $409,836 |
$5,065,554 |
15 |
$9,059,504 |
$3,312,347 $430,326 |
$5,316,831 |
16 |
$9,512,464 |
$3,479,942 $451,842 |
$5,580,680 |
17 |
$9,987,920 |
$3,655,861 $474,426 |
$5,857,633 |
18 |
$10,487,392 |
$3,840,665 $498,151 |
$6,148,576 |
19 |
$11,011,792 |
$4,034,693 $523,060 |
$6,454,039 |
20 |
$11,562,336 |
$4,238,395 $549,211 |
$6,774,730 |
21 |
$12,140,544 |
$4,452,332 $576,676 |
$7,111,536 |
22 |
$12,747,632 |
$4,676,954 $605,513 |
$7,465,165 |
23 |
$13,384,816 |
$4,912,712 $635,779 |
$7,836,325 |
24 |
$14,054,224 |
$5,160,393 $667,576 |
$8,226,255 |
25 |
$14,756,768 |
$5,420,335 $700,946 |
$8,635,487 |
26 |
$15,494,880 |
$5,693,436 $736,007 |
$9,065,437 |
27 |
$16,269,472 |
$5,980,035 $772,800 |
$9,516,637 |
28 |
$17,082,976 |
$6,281,032 $811,441 |
$9,990,503 |
29 |
$17,937,216 |
$6,597,100 $852,018 |
$10,488,098 |
30 |
$18,834,016 |
$6,928,916 $894,616 |
$11,010,484 |
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