USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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 $18,000,000 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 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$12,869$192,858
2$284,472$69,940$13,512$201,020
3$298,696$74,918$14,188$209,589
4$313,631$80,145$14,897$218,588
5$329,312$85,634$15,642$228,036
6$345,778$91,397$16,424$237,956
7$363,067$97,448$17,246$248,373
8$381,220$103,802$18,108$259,310
9$400,281$110,473$19,013$270,794
10$420,295$117,478$19,964$282,853
11$441,310$124,833$20,962$295,514
12$463,375$132,556$22,010$308,809
13$486,544$140,665$23,111$322,768
14$510,871$149,180$24,266$337,425
15$536,415$158,120$25,480$352,815
16$563,235$167,507$26,754$368,975
17$591,397$177,364$28,091$385,942
18$620,967$187,946$29,496$403,526
19$652,015$199,433$30,971$421,611
20$684,616$211,496$32,519$440,601
21$718,847$224,161$34,145$460,541
22$754,789$237,460$35,852$481,477
23$792,529$251,423$37,645$503,460
24$832,155$266,085$39,527$526,543
25$873,763$281,480$41,504$550,779
26$917,451$297,645$43,579$576,227
27$963,324$314,617$45,758$602,948
28$1,011,490$332,439$48,046$631,005
29$1,062,064$351,152$50,448$660,465
30$1,115,167$370,800$52,970$691,397
Total$18,000,000$5,472,796$854,997$11,672,205

◄ 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.