The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(4.75%) | $12,293,000 | | Net Lumpsum Payment | $150,790,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$403,931 |
$4,993,142 |
| 2 |
$8,929,260 |
$3,264,157
$424,140 |
$5,240,963 |
| 3 |
$9,375,610 |
$3,429,306
$445,341 |
$5,500,963 |
| 4 |
$9,844,560 |
$3,602,818
$467,617 |
$5,774,125 |
| 5 |
$10,336,675 |
$3,784,900
$490,992 |
$6,060,783 |
| 6 |
$10,853,650 |
$3,976,181
$515,548 |
$6,361,921 |
| 7 |
$11,396,050 |
$4,176,869
$541,312 |
$6,677,869 |
| 8 |
$11,966,135 |
$4,387,800
$568,391 |
$7,009,944 |
| 9 |
$12,564,470 |
$4,609,184
$596,812 |
$7,358,474 |
| 10 |
$13,192,750 |
$4,841,648
$626,656 |
$7,724,446 |
| 11 |
$13,852,105 |
$5,085,609
$657,975 |
$8,108,521 |
| 12 |
$14,544,795 |
$5,341,905
$690,878 |
$8,512,012 |
| 13 |
$15,271,950 |
$5,610,952
$725,418 |
$8,935,580 |
| 14 |
$16,035,830 |
$5,893,587
$761,702 |
$9,380,541 |
| 15 |
$16,837,565 |
$6,190,229
$799,784 |
$9,847,552 |
| 16 |
$17,679,415 |
$6,501,714
$839,772 |
$10,337,929 |
| 17 |
$18,563,075 |
$6,828,668
$881,746 |
$10,852,661 |
| 18 |
$19,491,370 |
$7,172,137
$925,840 |
$11,393,393 |
| 19 |
$20,465,995 |
$7,532,749
$972,135 |
$11,961,111 |
| 20 |
$21,489,210 |
$7,911,338
$1,020,737 |
$12,557,135 |
| 21 |
$22,563,840 |
$8,308,951
$1,071,782 |
$13,183,107 |
| 22 |
$23,692,145 |
$8,726,424
$1,125,377 |
$13,840,344 |
| 23 |
$24,876,385 |
$9,164,593
$1,181,628 |
$14,530,164 |
| 24 |
$26,120,515 |
$9,624,921
$1,240,724 |
$15,254,870 |
| 25 |
$27,426,230 |
$10,108,035
$1,302,746 |
$16,015,449 |
| 26 |
$28,798,050 |
$10,615,609
$1,367,907 |
$16,814,534 |
| 27 |
$30,237,670 |
$11,148,268
$1,436,289 |
$17,653,113 |
| 28 |
$31,749,610 |
$11,707,686
$1,508,106 |
$18,533,818 |
| 29 |
$33,337,260 |
$12,295,117
$1,583,520 |
$19,458,623 |
| 30 |
$35,004,010 |
$12,911,814
$1,662,690 |
$20,429,506 |
|
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