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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,082,954$496,697$9,976,927
2$17,384,408$6,389,251$521,532$10,473,624
3$18,253,628$6,710,862$547,609$10,995,156
4$19,166,310$7,048,555$574,989$11,542,766
5$20,124,624$7,403,131$603,739$12,117,754
6$21,130,856$7,775,437$633,926$12,721,493
7$22,187,399$8,166,358$665,622$13,355,419
8$23,296,769$8,576,825$698,903$14,021,041
9$24,461,608$9,007,815$733,848$14,719,944
10$25,684,688$9,460,355$770,541$15,453,792
11$26,968,922$9,935,521$809,068$16,224,333
12$28,317,368$10,434,446$849,521$17,033,401
13$29,733,237$10,958,318$891,997$17,882,922
14$31,219,899$11,508,383$936,597$18,774,919
15$32,780,893$12,085,951$983,427$19,711,516
16$34,419,938$12,692,397$1,032,598$20,694,943
17$36,140,935$13,329,166$1,084,228$21,727,540
18$37,947,982$13,997,773$1,138,439$22,811,769
19$39,845,380$14,699,811$1,195,361$23,950,208
20$41,837,650$15,436,951$1,255,129$25,145,570
21$43,929,532$16,210,947$1,317,886$26,400,699
22$46,126,009$17,023,643$1,383,780$27,718,585
23$48,432,309$17,876,975$1,452,969$29,102,365
24$50,853,924$18,772,972$1,525,618$30,555,334
25$53,396,620$19,713,770$1,601,899$32,080,952
26$56,066,452$20,701,608$1,681,994$33,682,851
27$58,869,775$21,738,837$1,766,093$35,364,845
28$61,813,263$22,827,927$1,854,398$37,130,937
29$64,903,926$23,971,473$1,947,118$38,985,335
30$68,149,123$25,172,196$2,044,474$40,932,453
Total$1,100,000,002$405,710,608$33,000,000$661,289,393

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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.