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 |
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Draw Date | Sat Jun 21, 2025 | Projected Jackpot | $118,000,000 | Cash Value | $53,400,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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