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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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, Sep 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$519,492$45,606$955,097
2$1,596,205$547,616$47,886$1,000,703
3$1,676,015$577,146$50,280$1,048,589
4$1,759,816$608,152$52,794$1,098,869
5$1,847,806$640,709$55,434$1,151,664
6$1,940,197$674,893$58,206$1,207,098
7$2,037,207$710,787$61,116$1,265,304
8$2,139,067$748,475$64,172$1,326,420
9$2,246,020$788,048$67,381$1,390,592
10$2,358,321$829,599$70,750$1,457,973
11$2,476,237$873,228$74,287$1,528,722
12$2,600,049$919,038$78,001$1,603,009
13$2,730,052$967,139$81,902$1,681,011
14$2,866,554$1,017,645$85,997$1,762,912
15$3,009,882$1,070,677$90,296$1,848,909
16$3,160,376$1,126,359$94,811$1,939,205
17$3,318,395$1,184,826$99,552$2,034,017
18$3,484,315$1,246,217$104,529$2,133,569
19$3,658,530$1,310,676$109,756$2,238,098
20$3,841,457$1,378,359$115,244$2,347,854
21$4,033,530$1,449,426$121,006$2,463,098
22$4,235,206$1,524,047$127,056$2,584,103
23$4,446,967$1,602,398$133,409$2,711,160
24$4,669,315$1,684,667$140,079$2,844,569
25$4,902,781$1,771,049$147,083$2,984,648
26$5,147,920$1,861,751$154,438$3,131,732
27$5,405,316$1,956,987$162,159$3,286,169
28$5,675,581$2,056,985$170,267$3,448,329
29$5,959,360$2,161,984$178,781$3,618,596
30$6,257,329$2,272,232$187,720$3,797,377
Total$101,000,000$36,080,607$3,029,998$61,889,396

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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.