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 |
|
|