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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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:Fri, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$170,156$2,123,701
2$3,761,354$1,354,656$178,664$2,228,034
3$3,949,421$1,424,241$187,598$2,337,583
4$4,146,892$1,497,305$196,977$2,452,610
5$4,354,237$1,574,023$206,826$2,573,388
6$4,571,949$1,654,576$217,168$2,700,205
7$4,800,546$1,739,157$228,026$2,833,363
8$5,040,574$1,827,967$239,427$2,973,179
9$5,292,602$1,921,218$251,399$3,119,986
10$5,557,232$2,019,131$263,969$3,274,133
11$5,835,094$2,121,940$277,167$3,435,987
12$6,126,849$2,229,889$291,025$3,605,934
13$6,433,191$2,343,236$305,577$3,784,379
14$6,754,851$2,462,250$320,855$3,971,746
15$7,092,593$2,587,215$336,898$4,168,481
16$7,447,223$2,718,428$353,743$4,375,052
17$7,819,584$2,856,201$371,430$4,591,953
18$8,210,563$3,000,863$390,002$4,819,698
19$8,621,091$3,152,759$409,502$5,058,831
20$9,052,146$3,312,249$429,977$5,309,920
21$9,504,753$3,479,714$451,476$5,573,564
22$9,979,991$3,655,552$474,050$5,850,390
23$10,478,991$3,840,181$497,752$6,141,057
24$11,002,940$4,034,043$522,640$6,446,258
25$11,553,087$4,237,597$548,772$6,766,718
26$12,130,741$4,451,329$576,210$7,103,202
27$12,737,279$4,675,748$605,021$7,456,510
28$13,374,142$4,911,388$635,272$7,827,483
29$14,042,849$5,158,809$667,035$8,217,005
30$14,744,992$5,418,602$700,387$8,626,003
Total$238,000,000$86,948,651$11,305,001$139,746,353

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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.