The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Wed Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(4.75%) | $6,730,750 | | Net Lumpsum Payment | $82,579,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$237,354 |
$2,950,383 |
| 2 |
$5,246,928 |
$1,901,694
$249,229 |
$3,096,005 |
| 3 |
$5,509,208 |
$1,998,737
$261,687 |
$3,248,784 |
| 4 |
$5,784,768 |
$2,100,695
$274,776 |
$3,409,297 |
| 5 |
$6,073,940 |
$2,207,688
$288,512 |
$3,577,740 |
| 6 |
$6,377,720 |
$2,320,087
$302,942 |
$3,754,691 |
| 7 |
$6,696,440 |
$2,438,013
$318,081 |
$3,940,346 |
| 8 |
$7,031,428 |
$2,561,959
$333,993 |
$4,135,476 |
| 9 |
$7,383,016 |
$2,692,046
$350,693 |
$4,340,277 |
| 10 |
$7,752,200 |
$2,828,644
$368,230 |
$4,555,326 |
| 11 |
$8,139,644 |
$2,971,999
$386,633 |
$4,781,012 |
| 12 |
$8,546,676 |
$3,122,601
$405,967 |
$5,018,108 |
| 13 |
$8,973,960 |
$3,280,696
$426,263 |
$5,267,001 |
| 14 |
$9,422,824 |
$3,446,775
$447,584 |
$5,528,465 |
| 15 |
$9,893,932 |
$3,621,085
$469,962 |
$5,802,885 |
| 16 |
$10,388,612 |
$3,804,117
$493,459 |
$6,091,036 |
| 17 |
$10,907,860 |
$3,996,239
$518,123 |
$6,393,498 |
| 18 |
$11,453,336 |
$4,198,065
$544,033 |
$6,711,238 |
| 19 |
$12,026,036 |
$4,409,964
$571,237 |
$7,044,835 |
| 20 |
$12,627,288 |
$4,632,427
$599,796 |
$7,395,065 |
| 21 |
$13,258,752 |
$4,866,069
$629,791 |
$7,762,892 |
| 22 |
$13,921,756 |
$5,111,380
$661,283 |
$8,149,093 |
| 23 |
$14,617,628 |
$5,368,853
$694,337 |
$8,554,438 |
| 24 |
$15,348,692 |
$5,639,346
$729,063 |
$8,980,283 |
| 25 |
$16,115,944 |
$5,923,230
$765,507 |
$9,427,207 |
| 26 |
$16,922,040 |
$6,221,485
$803,797 |
$9,896,758 |
| 27 |
$17,767,976 |
$6,534,482
$843,979 |
$10,389,515 |
| 28 |
$18,656,408 |
$6,863,201
$886,179 |
$10,907,028 |
| 29 |
$19,589,328 |
$7,208,382
$930,493 |
$11,450,453 |
| 30 |
$20,568,728 |
$7,570,760
$977,015 |
$12,020,953 |
|
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