The jackpot for the Powerball draw on Mon Apr 20, 2026, is projected to be $87 Million, with an option for a cash payout of $39.7 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 Mon Apr 20, 2026 |
|---|
| Draw Date | Mon Apr 20, 2026 | | Projected Jackpot | $87,000,000 | | Cash Value | $39,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,700,000 | | Federal Tax(24%) | $9,528,000 | | Additional Federal Tax | $5,121,330 | | State Tax(4.75%) | $1,885,750 | | Net Lumpsum Payment | $23,164,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,309,437 |
$444,822
$62,198 |
$802,417 |
| 2 |
$1,374,948 |
$469,061
$65,310 |
$840,577 |
| 3 |
$1,443,678 |
$494,491
$68,575 |
$880,612 |
| 4 |
$1,515,888 |
$521,209
$72,005 |
$922,674 |
| 5 |
$1,591,665 |
$549,246
$75,604 |
$966,815 |
| 6 |
$1,671,270 |
$578,700
$79,385 |
$1,013,185 |
| 7 |
$1,754,790 |
$609,603
$83,353 |
$1,061,834 |
| 8 |
$1,842,573 |
$642,082
$87,522 |
$1,112,969 |
| 9 |
$1,934,706 |
$676,172
$91,899 |
$1,166,635 |
| 10 |
$2,031,450 |
$711,967
$96,494 |
$1,222,989 |
| 11 |
$2,132,979 |
$749,533
$101,317 |
$1,282,129 |
| 12 |
$2,239,641 |
$788,998
$106,383 |
$1,344,260 |
| 13 |
$2,351,610 |
$830,426
$111,701 |
$1,409,483 |
| 14 |
$2,469,234 |
$873,947
$117,289 |
$1,477,998 |
| 15 |
$2,592,687 |
$919,625
$123,153 |
$1,549,909 |
| 16 |
$2,722,317 |
$967,588
$129,310 |
$1,625,419 |
| 17 |
$2,858,385 |
$1,017,933
$135,773 |
$1,704,679 |
| 18 |
$3,001,326 |
$1,070,821
$142,563 |
$1,787,942 |
| 19 |
$3,151,401 |
$1,126,349
$149,692 |
$1,875,360 |
| 20 |
$3,308,958 |
$1,184,645
$157,176 |
$1,967,137 |
| 21 |
$3,474,432 |
$1,245,870
$165,036 |
$2,063,526 |
| 22 |
$3,648,171 |
$1,310,154
$173,288 |
$2,164,729 |
| 23 |
$3,830,523 |
$1,377,624
$181,950 |
$2,270,949 |
| 24 |
$4,022,097 |
$1,448,506
$191,050 |
$2,382,541 |
| 25 |
$4,223,154 |
$1,522,897
$200,600 |
$2,499,657 |
| 26 |
$4,434,390 |
$1,601,055
$210,634 |
$2,622,701 |
| 27 |
$4,656,066 |
$1,683,075
$221,163 |
$2,751,828 |
| 28 |
$4,888,878 |
$1,769,215
$232,222 |
$2,887,441 |
| 29 |
$5,133,348 |
$1,859,669
$243,834 |
$3,029,845 |
| 30 |
$5,389,998 |
$1,954,630
$256,025 |
$3,179,343 |
|
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