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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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The tax information provided here is based on 2025 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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$694,022$13,923,413
2$24,290,759$8,944,601$728,723$14,617,435
3$25,505,296$9,393,980$765,159$15,346,157
4$26,780,562$9,865,828$803,417$16,111,317
5$28,119,589$10,361,268$843,588$16,914,733
6$29,525,569$10,881,481$885,767$17,758,321
7$31,001,848$11,427,704$930,055$18,644,089
8$32,551,940$12,001,238$976,558$19,574,144
9$34,179,537$12,603,449$1,025,386$20,550,702
10$35,888,513$13,235,770$1,076,655$21,576,088
11$37,682,939$13,899,708$1,130,488$22,652,743
12$39,567,086$14,596,842$1,187,013$23,783,232
13$41,545,440$15,328,833$1,246,363$24,970,244
14$43,622,713$16,097,424$1,308,681$26,216,607
15$45,803,848$16,904,444$1,374,115$27,525,289
16$48,094,041$17,751,815$1,442,821$28,899,404
17$50,498,742$18,641,555$1,514,962$30,342,225
18$53,023,680$19,575,782$1,590,710$31,857,188
19$55,674,863$20,556,720$1,670,246$33,447,898
20$58,458,607$21,586,705$1,753,758$35,118,144
21$61,381,537$22,668,189$1,841,446$36,871,902
22$64,450,614$23,803,747$1,933,518$38,713,348
23$67,673,145$24,996,084$2,030,194$40,646,867
24$71,056,801$26,248,037$2,131,704$42,677,060
25$74,609,641$27,562,587$2,238,289$44,808,764
26$78,340,125$28,942,866$2,350,204$47,047,054
27$82,257,131$30,392,159$2,467,714$49,397,258
28$86,369,986$31,913,915$2,591,100$51,864,971
29$90,688,486$33,511,760$2,720,655$54,456,071
30$95,222,911$35,189,497$2,856,687$57,176,726
Total$1,537,000,003$567,400,609$46,109,998$923,489,394

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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.