USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Aug 14, 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 $17,000,000 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, Aug 14, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$12,154$183,790
2$268,668$64,409$12,762$191,498
3$282,102$69,110$13,400$199,591
4$296,207$74,047$14,070$208,090
5$311,017$79,231$14,773$217,013
6$326,568$84,673$15,512$226,382
7$342,896$90,388$16,288$236,220
8$360,041$96,389$17,102$246,550
9$378,043$102,690$17,957$257,396
10$396,945$109,306$18,855$268,785
11$416,792$116,252$19,798$280,743
12$437,632$123,546$20,788$293,299
13$459,514$131,205$21,827$306,482
14$482,489$139,246$22,918$320,325
15$506,614$147,690$24,064$334,860
16$531,945$156,555$25,267$350,122
17$558,542$165,864$26,531$366,147
18$586,469$175,639$27,857$382,973
19$615,792$186,031$29,250$400,511
20$646,582$197,423$30,713$418,446
21$678,911$209,385$32,248$437,278
22$712,856$221,945$33,861$457,051
23$748,499$235,132$35,554$477,813
24$785,924$248,980$37,331$499,613
25$825,220$263,519$39,198$522,503
26$866,482$278,786$41,158$546,538
27$909,806$294,816$43,216$571,774
28$955,296$311,647$45,377$598,272
29$1,003,061$329,320$47,645$626,095
30$1,053,214$347,877$50,028$655,309
Total$17,000,000$5,111,032$807,502$11,081,469

◄ 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.