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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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The tax information provided here is based on 2021 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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$126,432$1,237,032
2$2,212,561$782,720$132,754$1,297,088
3$2,323,189$823,652$139,391$1,360,145
4$2,439,349$866,631$146,361$1,426,356
5$2,561,316$911,759$153,679$1,495,878
6$2,689,382$959,143$161,363$1,568,875
7$2,823,851$1,008,897$169,431$1,645,523
8$2,965,043$1,061,138$177,903$1,726,002
9$3,113,296$1,115,992$186,798$1,810,506
10$3,268,960$1,173,588$196,138$1,899,235
11$3,432,408$1,234,063$205,944$1,992,400
12$3,604,029$1,297,563$216,242$2,090,224
13$3,784,230$1,364,237$227,054$2,192,939
14$3,973,442$1,434,246$238,406$2,300,789
15$4,172,114$1,507,754$250,327$2,414,033
16$4,380,719$1,584,938$262,843$2,532,938
17$4,599,755$1,665,982$275,985$2,657,788
18$4,829,743$1,751,077$289,785$2,788,881
19$5,071,230$1,840,427$304,274$2,926,529
20$5,324,792$1,934,245$319,488$3,071,059
21$5,591,031$2,032,754$335,462$3,222,816
22$5,870,583$2,136,188$352,235$3,382,160
23$6,164,112$2,244,794$369,847$3,549,472
24$6,472,318$2,358,830$388,339$3,725,149
25$6,795,933$2,478,568$407,756$3,909,610
26$7,135,730$2,604,292$428,144$4,103,294
27$7,492,517$2,736,303$449,551$4,306,662
28$7,867,143$2,874,915$472,029$4,520,199
29$8,260,500$3,020,457$495,630$4,744,413
30$8,673,525$3,173,276$520,411$4,979,837
Total$140,000,000$50,722,166$8,400,002$80,877,832

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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.