USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 1998

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The tax information provided here is based on 2024 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 $14,000,000 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, Jan 9, 1998
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$45,117$10,009$155,594
2$221,256$48,488$10,510$162,258
3$232,319$52,029$11,035$169,255
4$243,935$55,752$11,587$176,596
5$256,132$60,021$12,166$183,945
6$268,938$64,503$12,775$191,660
7$282,385$69,210$13,413$199,762
8$296,504$74,151$14,084$208,269
9$311,330$79,340$14,788$217,201
10$326,896$84,788$15,528$226,580
11$343,241$90,509$16,304$236,428
12$360,403$96,516$17,119$246,768
13$378,423$102,823$17,975$257,625
14$397,344$109,445$18,874$269,025
15$417,211$116,399$19,818$280,995
16$438,072$123,700$20,808$293,564
17$459,976$131,366$21,849$306,761
18$482,974$139,416$22,941$320,617
19$507,123$147,868$24,088$335,167
20$532,479$156,742$25,293$350,444
21$559,103$166,061$26,557$366,485
22$587,058$175,845$27,885$383,328
23$616,411$186,260$29,280$400,872
24$647,232$197,664$30,744$418,825
25$679,593$209,637$32,281$437,675
26$713,573$222,210$33,895$457,469
27$749,252$235,411$35,589$478,251
28$786,714$249,272$37,369$500,073
29$826,050$263,826$39,237$522,986
30$867,352$279,108$41,199$547,045
Total$14,000,000$4,033,477$665,000$9,301,523

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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.