The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 2, 2025 |
|---|
| Draw Date | Wed Apr 2, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(4.75%) | $660,250 | | Net Lumpsum Payment | $8,136,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$21,448 |
$302,686 |
| 2 |
$474,120 |
$135,755
$22,521 |
$315,844 |
| 3 |
$497,820 |
$144,524
$23,646 |
$329,650 |
| 4 |
$522,720 |
$153,737
$24,829 |
$344,154 |
| 5 |
$548,850 |
$163,405
$26,070 |
$359,375 |
| 6 |
$576,300 |
$173,561
$27,374 |
$375,365 |
| 7 |
$605,100 |
$184,217
$28,742 |
$392,141 |
| 8 |
$635,370 |
$195,417
$30,180 |
$409,773 |
| 9 |
$667,140 |
$207,172
$31,689 |
$428,279 |
| 10 |
$700,500 |
$219,515
$33,274 |
$447,711 |
| 11 |
$735,510 |
$232,469
$34,937 |
$468,104 |
| 12 |
$772,290 |
$246,078
$36,684 |
$489,528 |
| 13 |
$810,900 |
$260,363
$38,518 |
$512,019 |
| 14 |
$851,460 |
$275,371
$40,444 |
$535,645 |
| 15 |
$894,030 |
$291,121
$42,466 |
$560,443 |
| 16 |
$938,730 |
$307,660
$44,590 |
$586,480 |
| 17 |
$985,650 |
$325,021
$46,818 |
$613,811 |
| 18 |
$1,034,940 |
$343,258
$49,160 |
$642,522 |
| 19 |
$1,086,690 |
$362,406
$51,618 |
$672,666 |
| 20 |
$1,141,020 |
$382,508
$54,198 |
$704,314 |
| 21 |
$1,198,080 |
$403,620
$56,909 |
$737,551 |
| 22 |
$1,257,990 |
$425,787
$59,755 |
$772,448 |
| 23 |
$1,320,870 |
$449,052
$62,741 |
$809,077 |
| 24 |
$1,386,930 |
$473,494
$65,879 |
$847,557 |
| 25 |
$1,456,260 |
$499,147
$69,172 |
$887,941 |
| 26 |
$1,529,100 |
$526,097
$72,632 |
$930,371 |
| 27 |
$1,605,540 |
$554,380
$76,263 |
$974,897 |
| 28 |
$1,685,820 |
$584,084
$80,076 |
$1,021,660 |
| 29 |
$1,770,120 |
$615,275
$84,081 |
$1,070,764 |
| 30 |
$1,858,620 |
$648,020
$88,284 |
$1,122,316 |
|
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