The jackpot for the Powerball draw on Wed Apr 23, 2025, is projected to be $151 Million, with an option for a cash payout of $69.3 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 Apr 23, 2025 |
|---|
| Draw Date | Wed Apr 23, 2025 | | Projected Jackpot | $151,000,000 | | Cash Value | $69,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $69,300,000 | | Federal Tax(24%) | $16,632,000 | | Additional Federal Tax | $8,969,330 | | State Tax(4.75%) | $3,291,750 | | Net Lumpsum Payment | $40,406,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,272,701 |
$801,230
$107,953 |
$1,363,518 |
| 2 |
$2,386,404 |
$843,300
$113,354 |
$1,429,750 |
| 3 |
$2,505,694 |
$887,437
$119,020 |
$1,499,237 |
| 4 |
$2,631,024 |
$933,809
$124,974 |
$1,572,241 |
| 5 |
$2,762,545 |
$982,472
$131,221 |
$1,648,852 |
| 6 |
$2,900,710 |
$1,033,593
$137,784 |
$1,729,333 |
| 7 |
$3,045,670 |
$1,087,228
$144,669 |
$1,813,773 |
| 8 |
$3,198,029 |
$1,143,601
$151,906 |
$1,902,522 |
| 9 |
$3,357,938 |
$1,202,767
$159,502 |
$1,995,669 |
| 10 |
$3,525,850 |
$1,264,895
$167,478 |
$2,093,477 |
| 11 |
$3,702,067 |
$1,330,095
$175,848 |
$2,196,124 |
| 12 |
$3,887,193 |
$1,398,592
$184,642 |
$2,303,959 |
| 13 |
$4,081,530 |
$1,470,496
$193,873 |
$2,417,161 |
| 14 |
$4,285,682 |
$1,546,033
$203,570 |
$2,536,079 |
| 15 |
$4,499,951 |
$1,625,312
$213,748 |
$2,660,891 |
| 16 |
$4,724,941 |
$1,708,559
$224,435 |
$2,791,947 |
| 17 |
$4,961,105 |
$1,795,939
$235,652 |
$2,929,514 |
| 18 |
$5,209,198 |
$1,887,734
$247,437 |
$3,074,027 |
| 19 |
$5,469,673 |
$1,984,109
$259,809 |
$3,225,755 |
| 20 |
$5,743,134 |
$2,085,290
$272,799 |
$3,385,045 |
| 21 |
$6,030,336 |
$2,191,555
$286,441 |
$3,552,340 |
| 22 |
$6,331,883 |
$2,303,127
$300,764 |
$3,727,992 |
| 23 |
$6,648,379 |
$2,420,231
$315,798 |
$3,912,350 |
| 24 |
$6,980,881 |
$2,543,256
$331,592 |
$4,106,033 |
| 25 |
$7,329,842 |
$2,672,372
$348,167 |
$4,309,303 |
| 26 |
$7,696,470 |
$2,808,024
$365,582 |
$4,522,864 |
| 27 |
$8,081,218 |
$2,950,381
$383,858 |
$4,746,979 |
| 28 |
$8,485,294 |
$3,099,889
$403,051 |
$4,982,354 |
| 29 |
$8,909,604 |
$3,256,884
$423,206 |
$5,229,514 |
| 30 |
$9,355,054 |
$3,421,700
$444,365 |
$5,488,989 |
|
|
