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Louisiana Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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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 $387,000,000 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, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$174,747$3,537,923
2$6,116,151$2,219,996$183,485$3,712,670
3$6,421,958$2,333,145$192,659$3,896,155
4$6,743,056$2,451,951$202,292$4,088,814
5$7,080,209$2,576,697$212,406$4,291,105
6$7,434,219$2,707,681$223,027$4,503,511
7$7,805,930$2,845,215$234,178$4,726,538
8$8,196,227$2,989,624$245,887$4,960,716
9$8,606,038$3,141,254$258,181$5,206,603
10$9,036,340$3,300,466$271,090$5,464,784
11$9,488,157$3,467,638$284,645$5,735,874
12$9,962,565$3,643,169$298,877$6,020,519
13$10,460,693$3,827,477$313,821$6,319,396
14$10,983,728$4,021,000$329,512$6,633,217
15$11,532,914$4,224,199$345,987$6,962,728
16$12,109,560$4,437,557$363,287$7,308,716
17$12,715,038$4,661,584$381,451$7,672,002
18$13,350,790$4,896,812$400,524$8,053,454
19$14,018,329$5,143,802$420,550$8,453,977
20$14,719,246$5,403,141$441,577$8,874,527
21$15,455,208$5,675,447$463,656$9,316,105
22$16,227,968$5,961,369$486,839$9,779,761
23$17,039,367$6,261,586$511,181$10,266,600
24$17,891,335$6,576,814$536,740$10,777,781
25$18,785,902$6,907,804$563,577$11,314,521
26$19,725,197$7,255,343$591,756$11,878,098
27$20,711,457$7,620,259$621,344$12,469,854
28$21,747,030$8,003,421$652,411$13,091,198
29$22,834,381$8,405,741$685,031$13,743,608
30$23,976,100$8,828,177$719,283$14,428,640
Total$387,000,001$141,900,604$11,610,001$233,489,395

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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.