USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 1999

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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 $22,000,000 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, Jan 12, 1999
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$86,271$15,729$229,132
2$347,688$92,066$16,515$239,107
3$365,073$98,150$17,341$249,581
4$383,326$104,539$18,208$260,579
5$402,492$111,247$19,118$272,127
6$422,617$118,291$20,074$284,252
7$443,748$125,687$21,078$296,983
8$465,935$133,452$22,132$310,351
9$489,232$141,606$23,239$324,388
10$513,694$150,168$24,400$339,126
11$539,378$159,157$25,620$354,601
12$566,347$168,596$26,901$370,850
13$594,665$178,507$28,247$387,911
14$624,398$189,215$29,659$405,524
15$655,618$200,766$31,142$423,710
16$688,399$212,895$32,699$442,805
17$722,819$225,631$34,334$462,854
18$758,960$239,003$36,051$483,906
19$796,908$253,044$37,853$506,011
20$836,753$267,786$39,746$529,221
21$878,591$283,266$41,733$553,591
22$922,520$299,520$43,820$579,180
23$968,646$316,587$46,011$606,049
24$1,017,078$334,507$48,311$634,260
25$1,067,932$353,323$50,727$663,883
26$1,121,329$373,079$53,263$694,986
27$1,177,395$393,824$55,926$727,645
28$1,236,265$415,606$58,723$761,937
29$1,298,079$438,477$61,659$797,943
30$1,362,982$462,491$64,742$835,750
Total$22,000,000$6,926,757$1,045,001$14,028,243

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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.