The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Mon Oct 13, 2025 |
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Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(4.75%) | $5,738,000 | Net Lumpsum Payment | $70,405,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,883,158 |
$1,397,099 $184,450 |
$2,301,609 |
2 |
$4,077,432 |
$1,468,980 $193,678 |
$2,414,774 |
3 |
$4,281,252 |
$1,544,394 $203,359 |
$2,533,499 |
4 |
$4,495,392 |
$1,623,625 $213,531 |
$2,658,236 |
5 |
$4,720,110 |
$1,706,771 $224,205 |
$2,789,134 |
6 |
$4,956,180 |
$1,794,117 $235,419 |
$2,926,644 |
7 |
$5,203,860 |
$1,885,759 $247,183 |
$3,070,918 |
8 |
$5,464,182 |
$1,982,078 $259,549 |
$3,222,555 |
9 |
$5,737,404 |
$2,083,170 $272,527 |
$3,381,707 |
10 |
$6,024,300 |
$2,189,321 $286,154 |
$3,548,825 |
11 |
$6,325,386 |
$2,300,723 $300,456 |
$3,724,207 |
12 |
$6,641,694 |
$2,417,757 $315,480 |
$3,908,457 |
13 |
$6,973,740 |
$2,540,614 $331,253 |
$4,101,873 |
14 |
$7,322,556 |
$2,669,676 $347,821 |
$4,305,059 |
15 |
$7,688,658 |
$2,805,134 $365,211 |
$4,518,313 |
16 |
$8,073,078 |
$2,947,369 $383,471 |
$4,742,238 |
17 |
$8,476,590 |
$3,096,669 $402,638 |
$4,977,283 |
18 |
$8,900,484 |
$3,253,509 $422,773 |
$5,224,202 |
19 |
$9,345,534 |
$3,418,178 $443,913 |
$5,483,443 |
20 |
$9,812,772 |
$3,591,056 $466,107 |
$5,755,609 |
21 |
$10,303,488 |
$3,772,621 $489,416 |
$6,041,451 |
22 |
$10,818,714 |
$3,963,255 $513,889 |
$6,341,570 |
23 |
$11,359,482 |
$4,163,339 $539,575 |
$6,656,568 |
24 |
$11,927,598 |
$4,373,542 $566,561 |
$6,987,495 |
25 |
$12,523,836 |
$4,594,150 $594,882 |
$7,334,804 |
26 |
$13,150,260 |
$4,825,927 $624,637 |
$7,699,696 |
27 |
$13,807,644 |
$5,069,159 $655,863 |
$8,082,622 |
28 |
$14,498,052 |
$5,324,610 $688,657 |
$8,484,785 |
29 |
$15,223,032 |
$5,592,852 $723,094 |
$8,907,086 |
30 |
$15,984,132 |
$5,874,459 $759,246 |
$9,350,427 |
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