The jackpot for the Powerball draw on Sat Jun 21, 2025, is projected to be $118 Million, with an option for a cash payout of $53.4 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 Jun 21, 2025 |
|---|
| Draw Date | Sat Jun 21, 2025 | | Projected Jackpot | $118,000,000 | | Cash Value | $53,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,400,000 | | Federal Tax(24%) | $12,816,000 | | Additional Federal Tax | $6,902,330 | | State Tax(4.75%) | $2,536,500 | | Net Lumpsum Payment | $31,145,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,776,018 |
$617,457
$84,361 |
$1,074,200 |
| 2 |
$1,864,872 |
$650,333
$88,581 |
$1,125,958 |
| 3 |
$1,958,092 |
$684,824
$93,009 |
$1,180,259 |
| 4 |
$2,056,032 |
$721,062
$97,662 |
$1,237,308 |
| 5 |
$2,158,810 |
$759,090
$102,543 |
$1,297,177 |
| 6 |
$2,266,780 |
$799,039
$107,672 |
$1,360,069 |
| 7 |
$2,380,060 |
$840,953
$113,053 |
$1,426,054 |
| 8 |
$2,499,122 |
$885,006
$118,708 |
$1,495,408 |
| 9 |
$2,624,084 |
$931,241
$124,644 |
$1,568,199 |
| 10 |
$2,755,300 |
$979,791
$130,877 |
$1,644,632 |
| 11 |
$2,893,006 |
$1,030,743
$137,418 |
$1,724,845 |
| 12 |
$3,037,674 |
$1,084,270
$144,290 |
$1,809,114 |
| 13 |
$3,189,540 |
$1,140,460
$151,503 |
$1,897,577 |
| 14 |
$3,349,076 |
$1,199,489
$159,081 |
$1,990,506 |
| 15 |
$3,516,518 |
$1,261,442
$167,035 |
$2,088,041 |
| 16 |
$3,692,338 |
$1,326,495
$175,386 |
$2,190,457 |
| 17 |
$3,876,890 |
$1,394,780
$184,152 |
$2,297,958 |
| 18 |
$4,070,764 |
$1,466,513
$193,361 |
$2,410,890 |
| 19 |
$4,274,314 |
$1,541,827
$203,030 |
$2,529,457 |
| 20 |
$4,488,012 |
$1,620,895
$213,181 |
$2,653,936 |
| 21 |
$4,712,448 |
$1,703,936
$223,841 |
$2,784,671 |
| 22 |
$4,948,094 |
$1,791,125
$235,034 |
$2,921,935 |
| 23 |
$5,195,422 |
$1,882,637
$246,783 |
$3,066,002 |
| 24 |
$5,455,258 |
$1,978,776
$259,125 |
$3,217,357 |
| 25 |
$5,727,956 |
$2,079,674
$272,078 |
$3,376,204 |
| 26 |
$6,014,460 |
$2,185,681
$285,687 |
$3,543,092 |
| 27 |
$6,315,124 |
$2,296,926
$299,968 |
$3,718,230 |
| 28 |
$6,630,892 |
$2,413,760
$314,967 |
$3,902,165 |
| 29 |
$6,962,472 |
$2,536,445
$330,717 |
$4,095,310 |
| 30 |
$7,310,572 |
$2,665,242
$347,252 |
$4,298,078 |
|
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