The jackpot for the Powerball draw on Mon Jun 15, 2026, is projected to be $269 Million, with an option for a cash payout of $120.5 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 Jun 15, 2026 |
|---|
| Draw Date | Mon Jun 15, 2026 | | Projected Jackpot | $269,000,000 | | Cash Value | $120,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,500,000 | | Federal Tax(24%) | $28,920,000 | | Additional Federal Tax | $15,625,330 | | State Tax(4.75%) | $5,723,750 | | Net Lumpsum Payment | $70,230,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,048,719 |
$1,458,356
$192,314 |
$2,398,049 |
| 2 |
$4,251,276 |
$1,533,303
$201,936 |
$2,516,037 |
| 3 |
$4,463,786 |
$1,611,931
$212,030 |
$2,639,825 |
| 4 |
$4,687,056 |
$1,694,541
$222,635 |
$2,769,880 |
| 5 |
$4,921,355 |
$1,781,232
$233,764 |
$2,906,359 |
| 6 |
$5,167,490 |
$1,872,302
$245,456 |
$3,049,732 |
| 7 |
$5,425,730 |
$1,967,850
$257,722 |
$3,200,158 |
| 8 |
$5,697,151 |
$2,068,276
$270,615 |
$3,358,260 |
| 9 |
$5,982,022 |
$2,173,679
$284,146 |
$3,524,197 |
| 10 |
$6,281,150 |
$2,284,356
$298,355 |
$3,698,439 |
| 11 |
$6,595,073 |
$2,400,507
$313,266 |
$3,881,300 |
| 12 |
$6,924,867 |
$2,522,531
$328,931 |
$4,073,405 |
| 13 |
$7,271,070 |
$2,650,626
$345,376 |
$4,275,068 |
| 14 |
$7,634,758 |
$2,785,191
$362,651 |
$4,486,916 |
| 15 |
$8,016,469 |
$2,926,424
$380,782 |
$4,709,263 |
| 16 |
$8,417,279 |
$3,074,724
$399,821 |
$4,942,734 |
| 17 |
$8,837,995 |
$3,230,389
$419,805 |
$5,187,801 |
| 18 |
$9,279,962 |
$3,393,916
$440,798 |
$5,445,248 |
| 19 |
$9,743,987 |
$3,565,606
$462,839 |
$5,715,542 |
| 20 |
$10,231,146 |
$3,745,854
$485,979 |
$5,999,313 |
| 21 |
$10,742,784 |
$3,935,160
$510,282 |
$6,297,342 |
| 22 |
$11,279,977 |
$4,133,922
$535,799 |
$6,610,256 |
| 23 |
$11,843,801 |
$4,342,537
$562,581 |
$6,938,683 |
| 24 |
$12,436,139 |
$4,561,702
$590,717 |
$7,283,720 |
| 25 |
$13,057,798 |
$4,791,716
$620,245 |
$7,645,837 |
| 26 |
$13,710,930 |
$5,033,374
$651,269 |
$8,026,287 |
| 27 |
$14,396,342 |
$5,286,977
$683,826 |
$8,425,539 |
| 28 |
$15,116,186 |
$5,553,319
$718,019 |
$8,844,848 |
| 29 |
$15,872,076 |
$5,832,999
$753,924 |
$9,285,153 |
| 30 |
$16,665,626 |
$6,126,612
$791,617 |
$9,747,397 |
|
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