USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 29, 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 $50,000,000 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 29, 1999
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$236,639$35,747$480,185
2$790,200$250,562$37,535$502,104
3$829,710$265,181$39,411$525,119
4$871,196$280,530$41,382$549,284
5$914,756$296,647$43,451$574,657
6$960,493$313,570$45,623$601,300
7$1,008,518$331,339$47,905$629,274
8$1,058,944$349,997$50,300$658,647
9$1,111,891$369,588$52,815$689,489
10$1,167,486$390,157$55,456$721,873
11$1,225,860$411,756$58,228$755,876
12$1,287,153$434,434$61,140$791,579
13$1,351,511$458,247$64,197$829,067
14$1,419,086$483,250$67,407$868,430
15$1,490,041$509,503$70,777$909,761
16$1,564,543$537,069$74,316$953,158
17$1,642,770$566,013$78,032$998,726
18$1,724,908$596,404$81,933$1,046,571
19$1,811,154$628,315$86,030$1,096,809
20$1,901,711$661,821$90,331$1,149,559
21$1,996,797$697,003$94,848$1,204,946
22$2,096,637$733,943$99,590$1,263,103
23$2,201,469$772,731$104,570$1,324,168
24$2,311,542$813,458$109,798$1,388,285
25$2,427,119$856,222$115,288$1,455,609
26$2,548,475$901,124$121,053$1,526,299
27$2,675,899$948,270$127,105$1,600,523
28$2,809,694$997,774$133,460$1,678,459
29$2,950,178$1,049,754$140,133$1,760,291
30$3,097,687$1,104,332$147,140$1,846,215
Total$50,000,000$17,245,633$2,375,001$30,379,366

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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.