The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sat Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(4.75%) | $6,013,500 | | Net Lumpsum Payment | $73,784,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$213,047 |
$2,652,297 |
| 2 |
$4,709,592 |
$1,702,879
$223,706 |
$2,783,007 |
| 3 |
$4,945,012 |
$1,789,985
$234,888 |
$2,920,139 |
| 4 |
$5,192,352 |
$1,881,501
$246,637 |
$3,064,214 |
| 5 |
$5,451,910 |
$1,977,537
$258,966 |
$3,215,407 |
| 6 |
$5,724,580 |
$2,078,425
$271,918 |
$3,374,237 |
| 7 |
$6,010,660 |
$2,184,275
$285,506 |
$3,540,879 |
| 8 |
$6,311,342 |
$2,295,527
$299,789 |
$3,716,026 |
| 9 |
$6,626,924 |
$2,412,292
$314,779 |
$3,899,853 |
| 10 |
$6,958,300 |
$2,534,901
$330,519 |
$4,092,880 |
| 11 |
$7,306,066 |
$2,663,575
$347,038 |
$4,295,453 |
| 12 |
$7,671,414 |
$2,798,754
$364,392 |
$4,508,268 |
| 13 |
$8,054,940 |
$2,940,658
$382,610 |
$4,731,672 |
| 14 |
$8,457,836 |
$3,089,730
$401,747 |
$4,966,359 |
| 15 |
$8,880,698 |
$3,246,189
$421,833 |
$5,212,676 |
| 16 |
$9,324,718 |
$3,410,476
$442,924 |
$5,471,318 |
| 17 |
$9,790,790 |
$3,582,923
$465,063 |
$5,742,804 |
| 18 |
$10,280,404 |
$3,764,080
$488,319 |
$6,028,005 |
| 19 |
$10,794,454 |
$3,954,278
$512,737 |
$6,327,439 |
| 20 |
$11,334,132 |
$4,153,959
$538,371 |
$6,641,802 |
| 21 |
$11,900,928 |
$4,363,674
$565,294 |
$6,971,960 |
| 22 |
$12,496,034 |
$4,583,863
$593,562 |
$7,318,609 |
| 23 |
$13,120,642 |
$4,814,968
$623,230 |
$7,682,444 |
| 24 |
$13,776,838 |
$5,057,760
$654,400 |
$8,064,678 |
| 25 |
$14,465,516 |
$5,312,571
$687,112 |
$8,465,833 |
| 26 |
$15,189,060 |
$5,580,283
$721,480 |
$8,887,297 |
| 27 |
$15,948,364 |
$5,861,225
$757,547 |
$9,329,592 |
| 28 |
$16,745,812 |
$6,156,281
$795,426 |
$9,794,105 |
| 29 |
$17,583,192 |
$6,466,111
$835,202 |
$10,281,879 |
| 30 |
$18,462,292 |
$6,791,378
$876,959 |
$10,793,955 |
|
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