The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(4.75%) | $5,063,500 | | Net Lumpsum Payment | $62,134,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$167,292 |
$2,091,196 |
| 2 |
$3,698,136 |
$1,328,641
$175,661 |
$2,193,834 |
| 3 |
$3,882,996 |
$1,397,039
$184,442 |
$2,301,515 |
| 4 |
$4,077,216 |
$1,468,900
$193,668 |
$2,414,648 |
| 5 |
$4,281,030 |
$1,544,311
$203,349 |
$2,533,370 |
| 6 |
$4,495,140 |
$1,623,532
$213,519 |
$2,658,089 |
| 7 |
$4,719,780 |
$1,706,649
$224,190 |
$2,788,941 |
| 8 |
$4,955,886 |
$1,794,008
$235,405 |
$2,926,473 |
| 9 |
$5,203,692 |
$1,885,696
$247,175 |
$3,070,821 |
| 10 |
$5,463,900 |
$1,981,973
$259,535 |
$3,222,392 |
| 11 |
$5,736,978 |
$2,083,012
$272,506 |
$3,381,460 |
| 12 |
$6,023,862 |
$2,189,159
$286,133 |
$3,548,570 |
| 13 |
$6,325,020 |
$2,300,588
$300,438 |
$3,723,994 |
| 14 |
$6,641,388 |
$2,417,644
$315,466 |
$3,908,278 |
| 15 |
$6,973,434 |
$2,540,501
$331,238 |
$4,101,695 |
| 16 |
$7,322,094 |
$2,669,505
$347,799 |
$4,304,790 |
| 17 |
$7,688,070 |
$2,804,916
$365,183 |
$4,517,971 |
| 18 |
$8,072,532 |
$2,947,167
$383,445 |
$4,741,920 |
| 19 |
$8,476,182 |
$3,096,518
$402,619 |
$4,977,045 |
| 20 |
$8,899,956 |
$3,253,314
$422,748 |
$5,223,894 |
| 21 |
$9,345,024 |
$3,417,989
$443,889 |
$5,483,146 |
| 22 |
$9,812,322 |
$3,590,890
$466,085 |
$5,755,347 |
| 23 |
$10,302,786 |
$3,772,361
$489,382 |
$6,041,043 |
| 24 |
$10,818,054 |
$3,963,010
$513,858 |
$6,341,186 |
| 25 |
$11,358,828 |
$4,163,097
$539,544 |
$6,656,187 |
| 26 |
$11,926,980 |
$4,373,313
$566,532 |
$6,987,135 |
| 27 |
$12,523,212 |
$4,593,919
$594,853 |
$7,334,440 |
| 28 |
$13,149,396 |
$4,825,607
$624,596 |
$7,699,193 |
| 29 |
$13,806,936 |
$5,068,897
$655,829 |
$8,082,210 |
| 30 |
$14,497,236 |
$5,324,308
$688,619 |
$8,484,309 |
|
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