USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jun 18, 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 $10,000,000 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, Jun 18, 1999
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$7,149$114,199
2$158,040$30,972$7,507$119,561
3$165,942$32,869$7,882$125,191
4$174,239$34,860$8,276$131,103
5$182,951$36,951$8,690$137,310
6$192,099$39,158$9,125$143,816
7$201,704$42,232$9,581$149,891
8$211,789$45,459$10,060$156,270
9$222,378$48,848$10,563$162,968
10$233,497$52,406$11,091$170,000
11$245,172$56,185$11,646$177,341
12$257,431$60,475$12,228$184,727
13$270,302$64,981$12,839$192,482
14$283,817$69,711$13,481$200,625
15$298,008$74,678$14,155$209,175
16$312,909$79,893$14,863$218,153
17$328,554$85,369$15,606$227,579
18$344,982$91,118$16,387$237,477
19$362,231$97,156$17,206$247,869
20$380,342$103,495$18,066$258,781
21$399,359$110,151$18,970$270,239
22$419,327$117,139$19,918$282,270
23$440,294$124,478$20,914$294,902
24$462,308$132,183$21,960$308,166
25$485,424$140,273$23,058$322,093
26$509,695$148,768$24,211$336,716
27$535,180$157,688$25,421$352,071
28$561,939$167,053$26,692$368,193
29$590,036$176,887$28,027$385,122
30$619,537$187,417$29,428$402,693
Total$10,000,000$2,638,019$475,000$6,886,983

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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.