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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$229,497$2,856,167
2$5,073,086$1,835,230$240,972$2,996,885
3$5,326,740$1,929,082$253,020$3,144,639
4$5,593,078$2,027,626$265,671$3,299,780
5$5,872,731$2,131,098$278,955$3,462,678
6$6,166,368$2,239,744$292,902$3,633,722
7$6,474,687$2,353,822$307,548$3,813,317
8$6,798,421$2,473,603$322,925$4,001,892
9$7,138,342$2,599,374$339,071$4,199,896
10$7,495,259$2,731,434$356,025$4,407,801
11$7,870,022$2,870,096$373,826$4,626,100
12$8,263,523$3,015,691$392,517$4,855,314
13$8,676,699$3,168,566$412,143$5,095,989
14$9,110,534$3,329,085$432,750$5,348,698
15$9,566,061$3,497,630$454,388$5,614,043
16$10,044,364$3,674,602$477,107$5,892,654
17$10,546,582$3,860,423$500,963$6,185,196
18$11,073,911$4,055,535$526,011$6,492,365
19$11,627,606$4,260,402$552,311$6,814,893
20$12,208,987$4,475,513$579,927$7,153,547
21$12,819,436$4,701,379$608,923$7,509,134
22$13,460,408$4,938,539$639,369$7,882,500
23$14,133,428$5,187,556$671,338$8,274,534
24$14,840,100$5,449,025$704,905$8,686,170
25$15,582,105$5,723,566$740,150$9,118,388
26$16,361,210$6,011,836$777,157$9,572,217
27$17,179,271$6,314,518$816,015$10,048,737
28$18,038,234$6,632,334$856,816$10,549,083
29$18,940,146$6,966,042$899,657$11,074,447
30$19,887,153$7,316,434$944,640$11,626,079
Total$321,000,001$117,515,632$15,247,499$188,236,865

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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.