The jackpot for the Powerball draw on Mon Aug 4, 2025, is projected to be $426 Million, with an option for a cash payout of $193.5 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 Aug 4, 2025 |
|---|
| Draw Date | Mon Aug 4, 2025 | | Projected Jackpot | $426,000,000 | | Cash Value | $193,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,500,000 | | Federal Tax(24%) | $46,440,000 | | Additional Federal Tax | $25,115,330 | | State Tax(4.75%) | $9,191,250 | | Net Lumpsum Payment | $112,753,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,411,726 |
$2,332,669
$304,557 |
$3,774,500 |
| 2 |
$6,732,504 |
$2,451,357
$319,794 |
$3,961,353 |
| 3 |
$7,069,044 |
$2,575,877
$335,780 |
$4,157,387 |
| 4 |
$7,422,624 |
$2,706,701
$352,575 |
$4,363,348 |
| 5 |
$7,793,670 |
$2,843,988
$370,199 |
$4,579,483 |
| 6 |
$8,183,460 |
$2,988,211
$388,714 |
$4,806,535 |
| 7 |
$8,592,420 |
$3,139,526
$408,140 |
$5,044,754 |
| 8 |
$9,022,254 |
$3,298,564
$428,557 |
$5,295,133 |
| 9 |
$9,473,388 |
$3,465,484
$449,986 |
$5,557,918 |
| 10 |
$9,947,100 |
$3,640,757
$472,487 |
$5,833,856 |
| 11 |
$10,444,242 |
$3,824,700
$496,101 |
$6,123,441 |
| 12 |
$10,966,518 |
$4,017,942
$520,910 |
$6,427,666 |
| 13 |
$11,514,780 |
$4,220,799
$546,952 |
$6,747,029 |
| 14 |
$12,090,732 |
$4,433,901
$574,310 |
$7,082,521 |
| 15 |
$12,695,226 |
$4,657,564
$603,023 |
$7,434,639 |
| 16 |
$13,329,966 |
$4,892,418
$633,173 |
$7,804,375 |
| 17 |
$13,996,230 |
$5,138,935
$664,821 |
$8,192,474 |
| 18 |
$14,696,148 |
$5,397,905
$698,067 |
$8,600,176 |
| 19 |
$15,430,998 |
$5,669,800
$732,972 |
$9,028,226 |
| 20 |
$16,202,484 |
$5,955,249
$769,618 |
$9,477,617 |
| 21 |
$17,012,736 |
$6,255,043
$808,105 |
$9,949,588 |
| 22 |
$17,863,458 |
$6,569,810
$848,514 |
$10,445,134 |
| 23 |
$18,756,354 |
$6,900,181
$890,927 |
$10,965,246 |
| 24 |
$19,694,406 |
$7,247,261
$935,484 |
$11,511,661 |
| 25 |
$20,678,892 |
$7,611,520
$982,247 |
$12,085,125 |
| 26 |
$21,713,220 |
$7,994,222
$1,031,378 |
$12,687,620 |
| 27 |
$22,798,668 |
$8,395,838
$1,082,937 |
$13,319,893 |
| 28 |
$23,938,644 |
$8,817,629
$1,137,086 |
$13,983,929 |
| 29 |
$25,135,704 |
$9,260,541
$1,193,946 |
$14,681,217 |
| 30 |
$26,392,404 |
$9,725,520
$1,253,639 |
$15,413,245 |
|
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