The jackpot for the Powerball draw on Sat Aug 23, 2025, is projected to be $700 Million, with an option for a cash payout of $316.3 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 Sat Aug 23, 2025 |
|---|
| Draw Date | Sat Aug 23, 2025 | | Projected Jackpot | $700,000,000 | | Cash Value | $316,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $316,300,000 | | Federal Tax(24%) | $75,912,000 | | Additional Federal Tax | $41,079,330 | | State Tax(4.75%) | $15,024,250 | | Net Lumpsum Payment | $184,284,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,535,700 |
$3,858,539
$500,446 |
$6,176,715 |
| 2 |
$11,062,800 |
$4,053,566
$525,483 |
$6,483,751 |
| 3 |
$11,615,800 |
$4,258,176
$551,751 |
$6,805,873 |
| 4 |
$12,196,800 |
$4,473,146
$579,348 |
$7,144,306 |
| 5 |
$12,806,500 |
$4,698,735
$608,309 |
$7,499,456 |
| 6 |
$13,447,000 |
$4,935,720
$638,733 |
$7,872,547 |
| 7 |
$14,119,000 |
$5,184,360
$670,653 |
$8,263,987 |
| 8 |
$14,825,300 |
$5,445,691
$704,202 |
$8,675,407 |
| 9 |
$15,566,600 |
$5,719,972
$739,414 |
$9,107,214 |
| 10 |
$16,345,000 |
$6,007,980
$776,388 |
$9,560,632 |
| 11 |
$17,161,900 |
$6,310,233
$815,190 |
$10,036,477 |
| 12 |
$18,020,100 |
$6,627,767
$855,955 |
$10,536,378 |
| 13 |
$18,921,000 |
$6,961,100
$898,748 |
$11,061,152 |
| 14 |
$19,867,400 |
$7,311,268
$943,702 |
$11,612,430 |
| 15 |
$20,860,700 |
$7,678,789
$990,883 |
$12,191,028 |
| 16 |
$21,903,700 |
$8,064,699
$1,040,426 |
$12,798,575 |
| 17 |
$22,998,500 |
$8,469,775
$1,092,429 |
$13,436,296 |
| 18 |
$24,148,600 |
$8,895,312
$1,147,059 |
$14,106,229 |
| 19 |
$25,356,100 |
$9,342,087
$1,204,415 |
$14,809,598 |
| 20 |
$26,623,800 |
$9,811,136
$1,264,631 |
$15,548,033 |
| 21 |
$27,955,200 |
$10,303,754
$1,327,872 |
$16,323,574 |
| 22 |
$29,353,100 |
$10,820,977
$1,394,272 |
$17,137,851 |
| 23 |
$30,820,300 |
$11,363,841
$1,463,964 |
$17,992,495 |
| 24 |
$32,361,700 |
$11,934,159
$1,537,181 |
$18,890,360 |
| 25 |
$33,979,400 |
$12,532,708
$1,614,022 |
$19,832,670 |
| 26 |
$35,679,000 |
$13,161,560
$1,694,753 |
$20,822,687 |
| 27 |
$37,462,600 |
$13,821,492
$1,779,474 |
$21,861,634 |
| 28 |
$39,335,800 |
$14,514,576
$1,868,451 |
$22,952,773 |
| 29 |
$41,302,800 |
$15,242,366
$1,961,883 |
$24,098,551 |
| 30 |
$43,367,800 |
$16,006,416
$2,059,971 |
$25,301,413 |
|
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