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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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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 $380,000,000 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 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,074,420$271,678$3,373,447
2$6,005,523$2,180,231$285,262$3,540,029
3$6,305,799$2,291,333$299,525$3,714,940
4$6,621,089$2,407,991$314,502$3,898,596
5$6,952,143$2,530,481$330,227$4,091,436
6$7,299,750$2,659,095$346,738$4,293,917
7$7,664,738$2,794,141$364,075$4,506,522
8$8,047,975$2,935,938$382,279$4,729,758
9$8,450,374$3,084,826$401,393$4,964,155
10$8,872,892$3,241,158$421,462$5,210,272
11$9,316,537$3,405,306$442,535$5,468,695
12$9,782,364$3,577,662$464,662$5,740,039
13$10,271,482$3,758,636$487,895$6,024,950
14$10,785,056$3,948,658$512,290$6,324,107
15$11,324,309$4,148,182$537,905$6,638,222
16$11,890,524$4,357,682$564,800$6,968,043
17$12,485,050$4,577,656$593,040$7,314,354
18$13,109,303$4,808,630$622,692$7,677,981
19$13,764,768$5,051,152$653,826$8,059,789
20$14,453,006$5,305,800$686,518$8,460,688
21$15,175,656$5,573,181$720,844$8,881,632
22$15,934,439$5,853,930$756,886$9,323,623
23$16,731,161$6,148,717$794,730$9,787,714
24$17,567,719$6,458,244$834,467$10,275,009
25$18,446,105$6,783,247$876,190$10,786,669
26$19,368,411$7,124,500$920,000$11,323,912
27$20,336,831$7,482,815$965,999$11,888,016
28$21,353,673$7,859,047$1,014,299$12,480,326
29$22,421,356$8,254,090$1,065,014$13,102,252
30$23,542,424$8,668,885$1,118,265$13,755,274
Total$380,000,001$139,345,634$18,049,998$222,604,367

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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.