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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 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 $320,000,000 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:Fri, Jun 23, 2023
Jackpot:$320,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,816,459$1,740,278$228,782$2,847,400
2$5,057,282$1,829,382$240,221$2,987,679
3$5,310,146$1,922,942$252,232$3,134,972
4$5,575,654$2,021,180$264,844$3,289,631
5$5,854,436$2,124,329$278,086$3,452,021
6$6,147,158$2,232,636$291,990$3,622,532
7$6,454,516$2,346,359$306,590$3,801,568
8$6,777,242$2,465,767$321,919$3,989,556
9$7,116,104$2,591,146$338,015$4,186,943
10$7,471,909$2,722,794$354,916$4,394,199
11$7,845,505$2,861,024$372,661$4,611,819
12$8,237,780$3,006,166$391,295$4,840,319
13$8,649,669$3,158,565$410,859$5,080,244
14$9,082,152$3,318,584$431,402$5,332,166
15$9,536,260$3,486,604$452,972$5,596,684
16$10,013,073$3,663,025$475,621$5,874,427
17$10,513,726$3,848,267$499,402$6,166,058
18$11,039,413$4,042,770$524,372$6,472,270
19$11,591,383$4,247,000$550,591$6,793,793
20$12,170,953$4,461,440$578,120$7,131,392
21$12,779,500$4,686,603$607,026$7,485,871
22$13,418,475$4,923,024$637,378$7,858,074
23$14,089,399$5,171,265$669,246$8,248,887
24$14,793,869$5,431,919$702,709$8,659,241
25$15,533,562$5,705,606$737,844$9,090,112
26$16,310,241$5,992,977$774,736$9,542,527
27$17,125,753$6,294,716$813,473$10,017,563
28$17,982,040$6,611,543$854,147$10,516,351
29$18,881,142$6,944,210$896,854$11,040,078
30$19,825,199$7,293,512$941,697$11,589,991
Total$320,000,001$117,145,633$15,200,000$187,654,368

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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.