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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$322,439$3,991,170
2$7,127,607$2,600,170$338,561$4,188,876
3$7,483,987$2,732,030$355,489$4,396,468
4$7,858,187$2,870,484$373,264$4,614,439
5$8,251,096$3,015,861$391,927$4,843,308
6$8,663,651$3,168,506$411,523$5,083,622
7$9,096,834$3,328,783$432,100$5,335,951
8$9,551,675$3,497,075$453,705$5,600,896
9$10,029,259$3,673,781$476,390$5,879,088
10$10,530,722$3,859,322$500,209$6,171,191
11$11,057,258$4,054,140$525,220$6,477,898
12$11,610,121$4,258,700$551,481$6,799,940
13$12,190,627$4,473,487$579,055$7,138,085
14$12,800,158$4,699,014$608,008$7,493,137
15$13,440,166$4,935,816$638,408$7,865,942
16$14,112,175$5,184,460$670,328$8,257,387
17$14,817,783$5,445,535$703,845$8,668,404
18$15,558,672$5,719,664$739,037$9,099,972
19$16,336,606$6,007,499$775,989$9,553,118
20$17,153,436$6,309,726$814,788$10,028,922
21$18,011,108$6,627,065$855,528$10,528,515
22$18,911,663$6,960,270$898,304$11,053,089
23$19,857,247$7,310,136$943,219$11,603,891
24$20,850,109$7,677,495$990,380$12,182,233
25$21,892,614$8,063,222$1,039,899$12,789,493
26$22,987,245$8,468,236$1,091,894$13,427,115
27$24,136,608$8,893,500$1,146,489$14,096,619
28$25,343,438$9,340,027$1,203,813$14,799,597
29$26,610,610$9,808,881$1,264,004$15,537,725
30$27,941,140$10,301,177$1,327,204$16,312,759
Total$451,000,001$165,758,650$21,422,500$263,818,850

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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.