USA Mega

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

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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 $47,000,000 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 20, 2024
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$219,932$33,602$453,883
2$742,788$233,019$35,282$474,486
3$779,928$246,761$37,047$496,120
4$818,924$261,190$38,899$518,836
5$859,870$276,340$40,844$542,687
6$902,864$292,247$42,886$567,730
7$948,007$308,950$45,030$594,026
8$995,407$326,488$47,282$621,637
9$1,045,178$344,904$49,646$650,628
10$1,097,437$364,239$52,128$681,069
11$1,152,308$384,542$54,735$713,032
12$1,209,924$405,860$57,471$746,593
13$1,270,420$428,243$60,345$781,832
14$1,333,941$451,746$63,362$818,833
15$1,400,638$476,424$66,530$857,684
16$1,470,670$502,336$69,857$898,478
17$1,544,204$529,543$73,350$941,311
18$1,621,414$558,111$77,017$986,286
19$1,702,484$588,107$80,868$1,033,509
20$1,787,609$619,603$84,911$1,083,094
21$1,876,989$652,674$89,157$1,135,158
22$1,970,839$687,398$93,615$1,189,826
23$2,069,380$723,859$98,296$1,247,226
24$2,172,849$762,142$103,210$1,307,497
25$2,281,492$802,340$108,371$1,370,781
26$2,395,567$844,547$113,789$1,437,230
27$2,515,345$888,865$119,479$1,507,001
28$2,641,112$935,399$125,453$1,580,260
29$2,773,168$984,260$131,725$1,657,182
30$2,911,826$1,035,563$138,312$1,737,951
Total$47,000,000$16,135,632$2,232,499$28,631,866

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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.