The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(4.75%) | $20,372,750 | | Net Lumpsum Payment | $249,873,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$679,176 |
$8,368,517 |
| 2 |
$15,013,800 |
$5,515,436
$713,156 |
$8,785,208 |
| 3 |
$15,764,300 |
$5,793,121
$748,804 |
$9,222,375 |
| 4 |
$16,552,800 |
$6,084,866
$786,258 |
$9,681,676 |
| 5 |
$17,380,250 |
$6,391,023
$825,562 |
$10,163,665 |
| 6 |
$18,249,500 |
$6,712,645
$866,851 |
$10,670,004 |
| 7 |
$19,161,500 |
$7,050,085
$910,171 |
$11,201,244 |
| 8 |
$20,120,050 |
$7,404,749
$955,702 |
$11,759,599 |
| 9 |
$21,126,100 |
$7,776,987
$1,003,490 |
$12,345,623 |
| 10 |
$22,182,500 |
$8,167,855
$1,053,669 |
$12,960,976 |
| 11 |
$23,291,150 |
$8,578,056
$1,106,330 |
$13,606,764 |
| 12 |
$24,455,850 |
$9,008,995
$1,161,653 |
$14,285,202 |
| 13 |
$25,678,500 |
$9,461,375
$1,219,729 |
$14,997,396 |
| 14 |
$26,962,900 |
$9,936,603
$1,280,738 |
$15,745,559 |
| 15 |
$28,310,950 |
$10,435,382
$1,344,770 |
$16,530,798 |
| 16 |
$29,726,450 |
$10,959,117
$1,412,006 |
$17,355,327 |
| 17 |
$31,212,250 |
$11,508,863
$1,482,582 |
$18,220,805 |
| 18 |
$32,773,100 |
$12,086,377
$1,556,722 |
$19,130,001 |
| 19 |
$34,411,850 |
$12,692,715
$1,634,563 |
$20,084,572 |
| 20 |
$36,132,300 |
$13,329,281
$1,716,284 |
$21,086,735 |
| 21 |
$37,939,200 |
$13,997,834
$1,802,112 |
$22,139,254 |
| 22 |
$39,836,350 |
$14,699,780
$1,892,227 |
$23,244,343 |
| 23 |
$41,827,550 |
$15,436,524
$1,986,809 |
$24,404,217 |
| 24 |
$43,919,450 |
$16,210,527
$2,086,174 |
$25,622,749 |
| 25 |
$46,114,900 |
$17,022,843
$2,190,458 |
$26,901,599 |
| 26 |
$48,421,500 |
$17,876,285
$2,300,021 |
$28,245,194 |
| 27 |
$50,842,100 |
$18,771,907
$2,415,000 |
$29,655,193 |
| 28 |
$53,384,300 |
$19,712,521
$2,535,754 |
$31,136,025 |
| 29 |
$56,053,800 |
$20,700,236
$2,662,556 |
$32,691,008 |
| 30 |
$58,856,300 |
$21,737,161
$2,795,674 |
$34,323,465 |
|
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