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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$431,555$60,770$787,046
2$1,343,341$455,224$63,809$824,308
3$1,410,508$480,076$66,999$863,433
4$1,481,033$506,170$70,349$904,514
5$1,555,085$533,569$73,867$947,649
6$1,632,839$562,338$77,560$992,941
7$1,714,481$592,546$81,438$1,040,497
8$1,800,205$624,264$85,510$1,090,432
9$1,890,215$657,567$89,785$1,142,863
10$1,984,726$692,536$94,274$1,197,915
11$2,083,962$729,254$98,988$1,255,720
12$2,188,160$767,807$103,938$1,316,416
13$2,297,568$808,288$109,134$1,380,146
14$2,412,447$850,793$114,591$1,447,062
15$2,533,069$895,423$120,321$1,517,325
16$2,659,723$942,285$126,337$1,591,101
17$2,792,709$991,490$132,654$1,668,565
18$2,932,344$1,043,155$139,286$1,749,903
19$3,078,961$1,097,403$146,251$1,835,307
20$3,232,909$1,154,364$153,563$1,924,982
21$3,394,555$1,214,173$161,241$2,019,140
22$3,564,282$1,276,972$169,303$2,118,007
23$3,742,497$1,342,911$177,769$2,221,817
24$3,929,621$1,412,148$186,657$2,330,817
25$4,126,102$1,484,846$195,990$2,445,267
26$4,332,408$1,561,179$205,789$2,565,440
27$4,549,028$1,641,328$216,079$2,691,621
28$4,776,479$1,725,485$226,883$2,824,111
29$5,015,303$1,813,850$238,227$2,963,226
30$5,266,069$1,906,633$250,138$3,109,297
Total$85,000,000$30,195,632$4,037,500$50,766,868

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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.