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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 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 $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: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,282,450$107,467$2,192,325
2$3,761,354$1,348,721$112,841$2,299,792
3$3,949,421$1,418,306$118,483$2,412,633
4$4,146,892$1,491,370$124,407$2,531,115
5$4,354,237$1,568,088$130,627$2,655,522
6$4,571,949$1,648,641$137,158$2,786,149
7$4,800,546$1,733,222$144,016$2,923,308
8$5,040,574$1,822,033$151,217$3,067,324
9$5,292,602$1,915,283$158,778$3,218,541
10$5,557,232$2,013,196$166,717$3,377,319
11$5,835,094$2,116,005$175,053$3,544,036
12$6,126,849$2,223,954$183,805$3,719,089
13$6,433,191$2,337,301$192,996$3,902,894
14$6,754,851$2,456,315$202,646$4,095,890
15$7,092,593$2,581,280$212,778$4,298,536
16$7,447,223$2,712,493$223,417$4,511,314
17$7,819,584$2,850,266$234,588$4,734,730
18$8,210,563$2,994,929$246,317$4,969,318
19$8,621,091$3,146,824$258,633$5,215,635
20$9,052,146$3,306,314$271,564$5,474,267
21$9,504,753$3,473,779$285,143$5,745,832
22$9,979,991$3,649,617$299,400$6,030,974
23$10,478,991$3,834,247$314,370$6,330,374
24$11,002,940$4,028,108$330,088$6,644,744
25$11,553,087$4,231,662$346,593$6,974,832
26$12,130,741$4,445,395$363,922$7,321,425
27$12,737,279$4,669,813$382,118$7,685,347
28$13,374,142$4,905,453$401,224$8,067,465
29$14,042,849$5,152,875$421,285$8,468,689
30$14,744,992$5,412,667$442,350$8,889,975
Total$238,000,000$86,770,607$7,140,001$144,089,394

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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.