USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Dec 15, 1998

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

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 $8,000,000 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:Tue, Dec 15, 1998
Jackpot:$8,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$120,411$21,941$5,720$92,751
2$126,432$23,386$6,006$97,040
3$132,754$24,903$6,306$101,544
4$139,391$26,496$6,621$106,274
5$146,361$28,169$6,952$111,240
6$153,679$29,925$7,300$116,454
7$161,363$31,770$7,665$121,929
8$169,431$33,706$8,048$127,677
9$177,903$35,739$8,450$133,713
10$186,798$37,874$8,873$140,051
11$196,138$40,451$9,317$146,371
12$205,944$43,589$9,782$152,573
13$216,242$46,884$10,271$159,086
14$227,054$50,344$10,785$165,925
15$238,406$53,977$11,324$173,106
16$250,327$57,989$11,891$180,447
17$262,843$62,370$12,485$187,988
18$275,985$66,970$13,109$195,906
19$289,785$71,799$13,765$204,220
20$304,274$76,871$14,453$212,950
21$319,488$82,195$15,176$222,116
22$335,462$87,786$15,934$231,741
23$352,235$93,657$16,731$241,847
24$369,847$99,821$17,568$252,458
25$388,339$106,293$18,446$263,600
26$407,756$113,089$19,368$275,298
27$428,144$120,225$20,337$287,582
28$449,551$127,718$21,354$300,480
29$472,029$135,585$22,421$314,022
30$495,630$143,845$23,542$328,242
Total$8,000,000$1,975,367$380,000$5,644,631

◄ Back to Jackpot Analysis

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.