USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $315,000,000 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, Oct 3, 2023
Jackpot:$315,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,741,202$1,712,432$225,207$2,803,562
2$4,978,262$1,800,145$236,467$2,941,650
3$5,227,175$1,892,243$248,291$3,086,642
4$5,488,534$1,988,945$260,705$3,238,883
5$5,762,961$2,090,483$273,741$3,398,737
6$6,051,109$2,197,098$287,428$3,566,583
7$6,353,664$2,309,044$301,799$3,742,822
8$6,671,348$2,426,586$316,889$3,927,872
9$7,004,915$2,550,006$332,733$4,122,175
10$7,355,161$2,679,597$349,370$4,326,193
11$7,722,919$2,815,668$366,839$4,540,412
12$8,109,065$2,958,542$385,181$4,765,342
13$8,514,518$3,108,559$404,440$5,001,519
14$8,940,244$3,266,078$424,662$5,249,504
15$9,387,256$3,431,472$445,895$5,509,889
16$9,856,619$3,605,137$468,189$5,783,293
17$10,349,449$3,787,484$491,599$6,070,367
18$10,866,922$3,978,949$516,179$6,371,794
19$11,410,268$4,179,987$541,988$6,688,293
20$11,980,782$4,391,077$569,087$7,020,617
21$12,579,820$4,612,721$597,541$7,369,558
22$13,208,812$4,845,448$627,419$7,735,945
23$13,869,252$5,089,811$658,789$8,120,652
24$14,562,715$5,346,392$691,729$8,524,594
25$15,290,850$5,615,802$726,315$8,948,733
26$16,055,393$5,898,683$762,631$9,394,079
27$16,858,163$6,195,708$800,763$9,861,692
28$17,701,071$6,507,584$840,801$10,352,686
29$18,586,124$6,835,054$882,841$10,868,230
30$19,515,431$7,178,897$926,983$11,409,551
Total$315,000,001$115,295,632$14,962,501$184,741,869

◄ Back to Jackpot Analysis

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.