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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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The tax information provided here is based on 2022 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 $77,000,000 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 prize money, as well as deductions claimed.

State:

Louisiana

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$55,051$712,139
2$1,216,909$413,211$57,803$745,894
3$1,277,754$435,724$60,693$781,337
4$1,341,642$459,362$63,728$818,551
5$1,408,724$484,183$66,914$857,627
6$1,479,160$510,244$70,260$898,656
7$1,553,118$537,609$73,773$941,736
8$1,630,774$566,341$77,462$986,971
9$1,712,313$596,511$81,335$1,034,467
10$1,797,928$628,188$85,402$1,084,338
11$1,887,825$661,450$89,672$1,136,703
12$1,982,216$696,375$94,155$1,191,686
13$2,081,327$733,046$98,863$1,249,418
14$2,185,393$771,550$103,806$1,310,036
15$2,294,663$811,980$108,996$1,373,686
16$2,409,396$854,431$114,446$1,440,518
17$2,529,865$899,005$120,169$1,510,692
18$2,656,359$945,808$126,177$1,584,374
19$2,789,177$994,950$132,486$1,661,740
20$2,928,635$1,046,550$139,110$1,742,975
21$3,075,067$1,100,730$146,066$1,828,272
22$3,228,821$1,157,619$153,369$1,917,833
23$3,390,262$1,217,352$161,037$2,011,872
24$3,559,775$1,280,072$169,089$2,110,614
25$3,737,763$1,345,927$177,544$2,214,292
26$3,924,652$1,415,076$186,421$2,323,155
27$4,120,884$1,487,682$195,742$2,437,460
28$4,326,928$1,563,918$205,529$2,557,481
29$4,543,275$1,643,967$215,806$2,683,503
30$4,770,439$1,728,017$226,596$2,815,825
Total$77,000,000$27,378,648$3,657,500$45,963,851

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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.