The jackpot for the Powerball draw on Sat Jun 6, 2026, is projected to be $212 Million, with an option for a cash payout of $94.7 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 Sat Jun 6, 2026 |
|---|
| Draw Date | Sat Jun 6, 2026 | | Projected Jackpot | $212,000,000 | | Cash Value | $94,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,700,000 | | Federal Tax(24%) | $22,728,000 | | Additional Federal Tax | $12,271,330 | | State Tax(4.75%) | $4,498,250 | | Net Lumpsum Payment | $55,202,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,190,812 |
$1,140,931
$151,564 |
$1,898,317 |
| 2 |
$3,350,448 |
$1,199,996
$159,146 |
$1,991,306 |
| 3 |
$3,517,928 |
$1,261,964
$167,102 |
$2,088,862 |
| 4 |
$3,693,888 |
$1,327,069
$175,460 |
$2,191,359 |
| 5 |
$3,878,540 |
$1,395,390
$184,231 |
$2,298,919 |
| 6 |
$4,072,520 |
$1,467,163
$193,445 |
$2,411,912 |
| 7 |
$4,276,040 |
$1,542,465
$203,112 |
$2,530,463 |
| 8 |
$4,489,948 |
$1,621,611
$213,273 |
$2,655,064 |
| 9 |
$4,714,456 |
$1,704,679
$223,937 |
$2,785,840 |
| 10 |
$4,950,200 |
$1,791,904
$235,135 |
$2,923,161 |
| 11 |
$5,197,604 |
$1,883,444
$246,886 |
$3,067,274 |
| 12 |
$5,457,516 |
$1,979,611
$259,232 |
$3,218,673 |
| 13 |
$5,730,360 |
$2,080,564
$272,192 |
$3,377,604 |
| 14 |
$6,016,984 |
$2,186,614
$285,807 |
$3,544,563 |
| 15 |
$6,317,812 |
$2,297,921
$300,096 |
$3,719,795 |
| 16 |
$6,633,692 |
$2,414,796
$315,100 |
$3,903,796 |
| 17 |
$6,965,260 |
$2,537,477
$330,850 |
$4,096,933 |
| 18 |
$7,313,576 |
$2,666,354
$347,395 |
$4,299,827 |
| 19 |
$7,679,276 |
$2,801,663
$364,766 |
$4,512,847 |
| 20 |
$8,063,208 |
$2,943,717
$383,002 |
$4,736,489 |
| 21 |
$8,466,432 |
$3,092,910
$402,156 |
$4,971,366 |
| 22 |
$8,889,796 |
$3,249,555
$422,265 |
$5,217,976 |
| 23 |
$9,334,148 |
$3,413,965
$443,372 |
$5,476,811 |
| 24 |
$9,800,972 |
$3,586,690
$465,546 |
$5,748,736 |
| 25 |
$10,290,904 |
$3,767,965
$488,818 |
$6,034,121 |
| 26 |
$10,805,640 |
$3,958,417
$513,268 |
$6,333,955 |
| 27 |
$11,345,816 |
$4,158,282
$538,926 |
$6,648,608 |
| 28 |
$11,913,128 |
$4,368,188
$565,874 |
$6,979,066 |
| 29 |
$12,508,848 |
$4,588,604
$594,170 |
$7,326,074 |
| 30 |
$13,134,248 |
$4,820,002
$623,877 |
$7,690,369 |
|
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