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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 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 $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: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,517,788$1,098,868$13,517,400
2$24,290,759$8,945,768$1,153,811$14,191,179
3$25,505,296$9,395,147$1,211,502$14,898,647
4$26,780,562$9,866,996$1,272,077$15,641,490
5$28,119,589$10,362,436$1,335,680$16,421,473
6$29,525,569$10,882,648$1,402,465$17,240,456
7$31,001,848$11,428,871$1,472,588$18,100,389
8$32,551,940$12,002,406$1,546,217$19,003,317
9$34,179,537$12,604,616$1,623,528$19,951,393
10$35,888,513$13,236,938$1,704,704$20,946,871
11$37,682,939$13,900,875$1,789,940$21,992,124
12$39,567,086$14,598,010$1,879,437$23,089,640
13$41,545,440$15,330,001$1,973,408$24,242,031
14$43,622,713$16,098,592$2,072,079$25,452,042
15$45,803,848$16,905,612$2,175,683$26,722,554
16$48,094,041$17,752,983$2,284,467$28,056,591
17$50,498,742$18,642,722$2,398,690$29,457,330
18$53,023,680$19,576,949$2,518,625$30,928,106
19$55,674,863$20,557,887$2,644,556$32,472,420
20$58,458,607$21,587,872$2,776,784$34,093,951
21$61,381,537$22,669,356$2,915,623$35,796,557
22$64,450,614$23,804,915$3,061,404$37,584,295
23$67,673,145$24,997,251$3,214,474$39,461,419
24$71,056,801$26,249,204$3,375,198$41,432,399
25$74,609,641$27,563,755$3,543,958$43,501,928
26$78,340,125$28,944,034$3,721,156$45,674,935
27$82,257,131$30,393,326$3,907,214$47,956,591
28$86,369,986$31,915,083$4,102,574$50,352,329
29$90,688,486$33,512,927$4,307,703$52,867,855
30$95,222,911$35,190,665$4,523,088$55,509,158
Total$1,537,000,003$567,435,633$73,007,501$896,556,870

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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.