USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Louisiana

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $35,000,000 would be for a resident of Louisiana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Louisiana

Drawing Date:  Tue, Oct 4, 2016
Jackpot:$35,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$131,700$26,340$368,760
2$553,140$138,285$27,657$387,198
3$580,797$145,199$29,040$406,558
4$609,837$152,459$30,492$426,886
5$640,329$160,082$32,016$448,230
6$672,345$168,086$33,617$470,642
7$705,963$176,491$35,298$494,174
8$741,261$185,315$37,063$518,883
9$778,324$194,581$38,916$544,827
10$817,240$204,310$40,862$572,068
11$858,102$214,526$42,905$600,671
12$901,007$225,252$45,050$630,705
13$946,058$236,514$47,303$662,240
14$993,360$248,340$49,668$695,352
15$1,043,028$260,757$52,151$730,120
16$1,095,180$273,795$54,759$766,626
17$1,149,939$287,485$57,497$804,957
18$1,207,436$301,859$60,372$845,205
19$1,267,808$316,952$63,390$887,465
20$1,331,198$332,799$66,560$931,839
21$1,397,758$349,439$69,888$978,430
22$1,467,646$366,911$73,382$1,027,352
23$1,541,028$385,257$77,051$1,078,720
24$1,618,079$404,520$80,904$1,132,656
25$1,698,983$424,746$84,949$1,189,288
26$1,783,933$445,983$89,197$1,248,753
27$1,873,129$468,282$93,656$1,311,190
28$1,966,786$491,696$98,339$1,376,750
29$2,065,125$516,281$103,256$1,445,587
30$2,168,381$542,095$108,419$1,517,867
Total$35,000,000$8,750,000$1,750,000$24,500,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.