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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,005,166$134,409$1,690,095
2$2,971,153$1,057,514$141,130$1,772,509
3$3,119,711$1,112,481$148,186$1,859,044
4$3,275,697$1,170,195$155,596$1,949,906
5$3,439,481$1,230,796$163,375$2,045,310
6$3,611,455$1,294,426$171,544$2,145,485
7$3,792,028$1,361,238$180,121$2,250,669
8$3,981,630$1,431,391$189,127$2,361,112
9$4,180,711$1,505,051$198,584$2,477,076
10$4,389,747$1,582,394$208,513$2,598,840
11$4,609,234$1,663,604$218,939$2,726,691
12$4,839,696$1,748,875$229,886$2,860,935
13$5,081,680$1,838,410$241,380$3,001,891
14$5,335,764$1,932,421$253,449$3,149,895
15$5,602,553$2,031,132$266,121$3,305,299
16$5,882,680$2,134,779$279,427$3,468,474
17$6,176,814$2,243,609$293,399$3,639,807
18$6,485,655$2,357,880$308,069$3,819,706
19$6,809,938$2,477,865$323,472$4,008,601
20$7,150,435$2,603,849$339,646$4,206,940
21$7,507,956$2,736,132$356,628$4,415,197
22$7,883,354$2,875,029$374,459$4,633,866
23$8,277,522$3,020,871$393,182$4,863,469
24$8,691,398$3,174,005$412,841$5,104,552
25$9,125,968$3,334,796$433,483$5,357,689
26$9,582,266$3,503,626$455,158$5,623,482
27$10,061,380$3,680,898$477,916$5,902,566
28$10,564,449$3,867,034$501,811$6,195,604
29$11,092,671$4,062,476$526,902$6,503,293
30$11,647,305$4,267,690$553,247$6,826,367
Total$188,000,000$68,305,633$8,930,000$110,764,370

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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.