The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(4.75%) | $2,660,000 | | Net Lumpsum Payment | $32,659,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$88,650 |
$1,126,804 |
| 2 |
$1,959,696 |
$685,418
$93,086 |
$1,181,192 |
| 3 |
$2,057,656 |
$721,663
$97,739 |
$1,238,254 |
| 4 |
$2,160,576 |
$759,744
$102,627 |
$1,298,205 |
| 5 |
$2,268,580 |
$799,705
$107,758 |
$1,361,117 |
| 6 |
$2,382,040 |
$841,685
$113,147 |
$1,427,208 |
| 7 |
$2,501,080 |
$885,730
$118,801 |
$1,496,549 |
| 8 |
$2,626,196 |
$932,023
$124,744 |
$1,569,429 |
| 9 |
$2,757,512 |
$980,610
$130,982 |
$1,645,920 |
| 10 |
$2,895,400 |
$1,031,628
$137,532 |
$1,726,240 |
| 11 |
$3,040,108 |
$1,085,170
$144,405 |
$1,810,533 |
| 12 |
$3,192,132 |
$1,141,419
$151,626 |
$1,899,087 |
| 13 |
$3,351,720 |
$1,200,467
$159,207 |
$1,992,046 |
| 14 |
$3,519,368 |
$1,262,497
$167,170 |
$2,089,701 |
| 15 |
$3,695,324 |
$1,327,600
$175,528 |
$2,192,196 |
| 16 |
$3,880,084 |
$1,395,961
$184,304 |
$2,299,819 |
| 17 |
$4,074,020 |
$1,467,718
$193,516 |
$2,412,786 |
| 18 |
$4,277,752 |
$1,543,099
$203,193 |
$2,531,460 |
| 19 |
$4,491,652 |
$1,622,242
$213,353 |
$2,656,057 |
| 20 |
$4,716,216 |
$1,705,330
$224,020 |
$2,786,866 |
| 21 |
$4,952,064 |
$1,792,594
$235,223 |
$2,924,247 |
| 22 |
$5,199,692 |
$1,884,216
$246,985 |
$3,068,491 |
| 23 |
$5,459,596 |
$1,980,381
$259,331 |
$3,219,884 |
| 24 |
$5,732,644 |
$2,081,409
$272,301 |
$3,378,934 |
| 25 |
$6,019,208 |
$2,187,437
$285,912 |
$3,545,859 |
| 26 |
$6,320,280 |
$2,298,834
$300,213 |
$3,721,233 |
| 27 |
$6,636,232 |
$2,415,736
$315,221 |
$3,905,275 |
| 28 |
$6,968,056 |
$2,538,511
$330,983 |
$4,098,562 |
| 29 |
$7,316,496 |
$2,667,434
$347,534 |
$4,301,528 |
| 30 |
$7,682,296 |
$2,802,780
$364,909 |
$4,514,607 |
|
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