The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 2, 2025 |
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Draw Date | Sat Aug 2, 2025 | Projected Jackpot | $410,000,000 | Cash Value | $184,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $184,900,000 | Federal Tax(24%) | $44,376,000 | Additional Federal Tax | $23,997,330 | State Tax(4.75%) | $8,782,750 | Net Lumpsum Payment | $107,743,920 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,170,910 |
$2,243,567 $293,118 |
$3,634,225 |
2 |
$6,479,640 |
$2,357,797 $307,783 |
$3,814,060 |
3 |
$6,803,540 |
$2,477,640 $323,168 |
$4,002,732 |
4 |
$7,143,840 |
$2,603,551 $339,332 |
$4,200,957 |
5 |
$7,500,950 |
$2,735,682 $356,295 |
$4,408,973 |
6 |
$7,876,100 |
$2,874,487 $374,115 |
$4,627,498 |
7 |
$8,269,700 |
$3,020,119 $392,811 |
$4,856,770 |
8 |
$8,683,390 |
$3,173,185 $412,461 |
$5,097,744 |
9 |
$9,117,580 |
$3,333,835 $433,085 |
$5,350,660 |
10 |
$9,573,500 |
$3,502,525 $454,741 |
$5,616,234 |
11 |
$10,051,970 |
$3,679,559 $477,469 |
$5,894,942 |
12 |
$10,554,630 |
$3,865,543 $501,345 |
$6,187,742 |
13 |
$11,082,300 |
$4,060,781 $526,409 |
$6,495,110 |
14 |
$11,636,620 |
$4,265,880 $552,739 |
$6,818,001 |
15 |
$12,218,410 |
$4,481,142 $580,374 |
$7,156,894 |
16 |
$12,829,310 |
$4,707,175 $609,392 |
$7,512,743 |
17 |
$13,470,550 |
$4,944,434 $639,851 |
$7,886,265 |
18 |
$14,144,180 |
$5,193,677 $671,849 |
$8,278,654 |
19 |
$14,851,430 |
$5,455,359 $705,443 |
$8,690,628 |
20 |
$15,593,940 |
$5,730,088 $740,712 |
$9,123,140 |
21 |
$16,373,760 |
$6,018,622 $777,754 |
$9,577,384 |
22 |
$17,192,530 |
$6,321,566 $816,645 |
$10,054,319 |
23 |
$18,051,890 |
$6,639,530 $857,465 |
$10,554,895 |
24 |
$18,954,710 |
$6,973,573 $900,349 |
$11,080,788 |
25 |
$19,902,220 |
$7,324,152 $945,355 |
$11,632,713 |
26 |
$20,897,700 |
$7,692,479 $992,641 |
$12,212,580 |
27 |
$21,942,380 |
$8,079,011 $1,042,263 |
$12,821,106 |
28 |
$23,039,540 |
$8,484,960 $1,094,378 |
$13,460,202 |
29 |
$24,191,640 |
$8,911,237 $1,149,103 |
$14,131,300 |
30 |
$25,401,140 |
$9,358,752 $1,206,554 |
$14,835,834 |
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