The jackpot for the Powerball draw on Mon Jul 27, 2026, is projected to be $633 Million, with an option for a cash payout of $277.3 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 Jul 27, 2026 |
|---|
| Draw Date | Mon Jul 27, 2026 | | Projected Jackpot | $633,000,000 | | Cash Value | $277,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,300,000 | | Federal Tax(24%) | $66,552,000 | | Additional Federal Tax | $36,009,330 | | State Tax(4.75%) | $13,171,750 | | Net Lumpsum Payment | $161,566,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,527,283 |
$3,485,425
$452,546 |
$5,589,312 |
| 2 |
$10,003,932 |
$3,661,785
$475,187 |
$5,866,960 |
| 3 |
$10,504,002 |
$3,846,811
$498,940 |
$6,158,251 |
| 4 |
$11,029,392 |
$4,041,205
$523,896 |
$6,464,291 |
| 5 |
$11,580,735 |
$4,245,202
$550,085 |
$6,785,448 |
| 6 |
$12,159,930 |
$4,459,504
$577,597 |
$7,122,829 |
| 7 |
$12,767,610 |
$4,684,346
$606,461 |
$7,476,803 |
| 8 |
$13,406,307 |
$4,920,664
$636,800 |
$7,848,843 |
| 9 |
$14,076,654 |
$5,168,692
$668,641 |
$8,239,321 |
| 10 |
$14,780,550 |
$5,429,134
$702,076 |
$8,649,340 |
| 11 |
$15,519,261 |
$5,702,457
$737,165 |
$9,079,639 |
| 12 |
$16,295,319 |
$5,989,598
$774,028 |
$9,531,693 |
| 13 |
$17,109,990 |
$6,291,027
$812,725 |
$10,006,238 |
| 14 |
$17,965,806 |
$6,607,679
$853,376 |
$10,504,751 |
| 15 |
$18,864,033 |
$6,940,023
$896,042 |
$11,027,968 |
| 16 |
$19,807,203 |
$7,288,995
$940,842 |
$11,577,366 |
| 17 |
$20,797,215 |
$7,655,300
$987,868 |
$12,154,047 |
| 18 |
$21,837,234 |
$8,040,107
$1,037,269 |
$12,759,858 |
| 19 |
$22,929,159 |
$8,444,119
$1,089,135 |
$13,395,905 |
| 20 |
$24,075,522 |
$8,868,274
$1,143,587 |
$14,063,661 |
| 21 |
$25,279,488 |
$9,313,741
$1,200,776 |
$14,764,971 |
| 22 |
$26,543,589 |
$9,781,458
$1,260,820 |
$15,501,311 |
| 23 |
$27,870,357 |
$10,272,362
$1,323,842 |
$16,274,153 |
| 24 |
$29,264,223 |
$10,788,093
$1,390,051 |
$17,086,079 |
| 25 |
$30,727,086 |
$11,329,352
$1,459,537 |
$17,938,197 |
| 26 |
$32,264,010 |
$11,898,014
$1,532,540 |
$18,833,456 |
| 27 |
$33,876,894 |
$12,494,781
$1,609,152 |
$19,772,961 |
| 28 |
$35,570,802 |
$13,121,527
$1,689,613 |
$20,759,662 |
| 29 |
$37,349,532 |
$13,779,657
$1,774,103 |
$21,795,772 |
| 30 |
$39,216,882 |
$14,470,577
$1,862,802 |
$22,883,503 |
|
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