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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 $465,000,000 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 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,546,620$209,968$4,242,330
2$7,348,863$2,676,100$220,466$4,452,298
3$7,716,306$2,812,054$231,489$4,672,764
4$8,102,122$2,954,805$243,064$4,904,253
5$8,507,228$3,104,694$255,217$5,147,316
6$8,932,589$3,262,078$267,978$5,402,533
7$9,379,219$3,427,331$281,377$5,670,511
8$9,848,180$3,600,847$295,445$5,951,888
9$10,340,589$3,783,038$310,218$6,247,333
10$10,857,618$3,974,339$325,729$6,557,551
11$11,400,499$4,175,205$342,015$6,883,279
12$11,970,524$4,386,114$359,116$7,225,294
13$12,569,050$4,607,569$377,071$7,584,410
14$13,197,503$4,840,096$395,925$7,961,481
15$13,857,378$5,084,250$415,721$8,357,406
16$14,550,247$5,340,612$436,507$8,773,128
17$15,277,759$5,609,791$458,333$9,209,635
18$16,041,647$5,892,430$481,249$9,667,968
19$16,843,729$6,189,200$505,312$10,149,217
20$17,685,916$6,500,809$530,577$10,654,529
21$18,570,211$6,827,998$557,106$11,185,106
22$19,498,722$7,171,547$584,962$11,742,213
23$20,473,658$7,532,274$614,210$12,327,175
24$21,497,341$7,911,036$644,920$12,941,384
25$22,572,208$8,308,737$677,166$13,586,304
26$23,700,818$8,726,323$711,025$14,263,471
27$24,885,859$9,164,788$746,576$14,974,495
28$26,130,152$9,625,176$783,905$15,721,071
29$27,436,660$10,108,584$823,100$16,504,976
30$28,808,493$10,616,163$864,255$17,328,075
Total$465,000,001$170,760,608$13,950,002$280,289,394

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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.