USA Mega

Louisiana Mega Millions Jackpot Annuity Payout Schedule for Aug 20, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $498,000,000 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, Aug 20, 2024
Jackpot:$498,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,495,615$2,731,565$356,042$4,408,008
2$7,870,395$2,870,234$373,844$4,626,318
3$8,263,915$3,015,836$392,536$4,855,543
4$8,677,111$3,168,719$412,163$5,096,230
5$9,110,966$3,329,245$432,771$5,348,950
6$9,566,515$3,497,798$454,409$5,614,307
7$10,044,841$3,674,779$477,130$5,892,932
8$10,547,083$3,860,608$500,986$6,185,488
9$11,074,437$4,055,729$526,036$6,492,672
10$11,628,159$4,260,606$552,338$6,815,215
11$12,209,567$4,475,727$579,954$7,153,885
12$12,820,045$4,701,604$608,952$7,509,488
13$13,461,047$4,938,775$639,400$7,882,872
14$14,134,100$5,187,805$671,370$8,274,925
15$14,840,804$5,449,285$704,938$8,686,581
16$15,582,845$5,723,840$740,185$9,118,819
17$16,361,987$6,012,123$777,194$9,572,670
18$17,180,086$6,314,820$816,054$10,049,212
19$18,039,090$6,632,651$856,857$10,549,582
20$18,941,045$6,966,374$899,700$11,074,971
21$19,888,097$7,316,784$944,685$11,626,629
22$20,882,502$7,684,714$991,919$12,205,870
23$21,926,627$8,071,040$1,041,515$12,814,073
24$23,022,958$8,476,682$1,093,591$13,452,685
25$24,174,106$8,902,607$1,148,270$14,123,229
26$25,382,812$9,349,828$1,205,684$14,827,300
27$26,651,953$9,819,410$1,265,968$15,566,575
28$27,984,550$10,312,471$1,329,266$16,342,812
29$29,383,777$10,830,185$1,395,729$17,157,863
30$30,852,967$11,373,785$1,465,516$18,013,665
Total$498,000,001$183,005,629$23,655,002$291,339,369

◄ Back to Jackpot Analysis

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.