USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $9,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$4,064$106,041
2$142,236$26,984$4,267$110,985
3$149,348$28,690$4,480$116,177
4$156,815$30,483$4,704$121,628
5$164,656$32,364$4,940$127,352
6$172,889$34,340$5,187$133,362
7$181,533$36,415$5,446$139,672
8$190,610$38,593$5,718$146,298
9$200,140$41,108$6,004$153,028
10$210,147$44,310$6,304$159,533
11$220,655$47,673$6,620$166,363
12$231,688$51,203$6,951$173,534
13$243,272$54,910$7,298$181,064
14$255,436$58,950$7,663$188,823
15$268,207$63,420$8,046$196,741
16$281,618$68,113$8,449$205,056
17$295,699$73,042$8,871$213,786
18$310,483$78,216$9,315$222,953
19$326,008$83,650$9,780$232,577
20$342,308$89,355$10,269$242,684
21$359,423$95,345$10,783$253,295
22$377,395$101,635$11,322$264,437
23$396,264$108,240$11,888$276,137
24$416,078$115,174$12,482$288,421
25$436,881$122,456$13,106$301,319
26$458,726$130,101$13,762$314,863
27$481,662$138,129$14,450$329,083
28$505,745$146,558$15,172$344,015
29$531,032$155,408$15,931$359,693
30$557,584$164,702$16,728$376,155
Total$9,000,000$2,284,925$270,000$6,445,075

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.