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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Dec 13, 2022

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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 $400,000,000 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, Dec 13, 2022
Jackpot:$400,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,020,574$2,185,800$285,977$3,548,797
2$6,321,603$2,297,181$300,276$3,724,146
3$6,637,683$2,414,130$315,290$3,908,262
4$6,969,567$2,536,928$331,054$4,101,585
5$7,318,045$2,665,864$347,607$4,304,574
6$7,683,948$2,801,248$364,988$4,517,712
7$8,068,145$2,943,401$383,237$4,741,507
8$8,471,552$3,092,662$402,399$4,976,492
9$8,895,130$3,249,386$422,519$5,223,225
10$9,339,886$3,413,946$443,645$5,482,296
11$9,806,881$3,586,734$465,827$5,754,320
12$10,297,225$3,768,161$489,118$6,039,946
13$10,812,086$3,958,660$513,574$6,339,852
14$11,352,690$4,158,683$539,253$6,654,754
15$11,920,325$4,368,708$566,215$6,985,401
16$12,516,341$4,589,234$594,526$7,332,581
17$13,142,158$4,820,786$624,253$7,697,119
18$13,799,266$5,063,916$655,465$8,079,885
19$14,489,229$5,319,203$688,238$8,481,788
20$15,213,691$5,587,253$722,650$8,903,787
21$15,974,375$5,868,707$758,783$9,346,886
22$16,773,094$6,164,233$796,722$9,812,140
23$17,611,749$6,474,535$836,558$10,300,656
24$18,492,336$6,800,352$878,386$10,813,598
25$19,416,953$7,142,460$922,305$11,352,187
26$20,387,801$7,501,674$968,421$11,917,706
27$21,407,191$7,878,848$1,016,842$12,511,501
28$22,477,550$8,274,881$1,067,684$13,134,985
29$23,601,428$8,690,716$1,121,068$13,789,644
30$24,781,499$9,127,342$1,177,121$14,477,036
Total$400,000,001$146,745,632$19,000,001$234,254,368

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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.