Louisiana Lottery

LALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Louisiana, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Louisiana MEGA Millions Jackpot/Cash Option for Fri Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4.75%)	$6,460,000
Net Lumpsum Payment	$79,259,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$215,907	$2,687,366
2	$4,772,808	-$1,726,269 -$226,708	$2,819,831
3	$5,011,388	-$1,814,544 -$238,041	$2,958,803
4	$5,262,048	-$1,907,288 -$249,947	$3,104,813
5	$5,525,090	-$2,004,614 -$262,442	$3,258,034
6	$5,801,420	-$2,106,856 -$275,567	$3,418,997
7	$6,091,340	-$2,214,126 -$289,339	$3,587,875
8	$6,396,058	-$2,326,872 -$303,813	$3,765,373
9	$6,715,876	-$2,445,205 -$319,004	$3,951,667
10	$7,051,700	-$2,569,459 -$334,956	$4,147,285
11	$7,404,134	-$2,699,860 -$351,696	$4,352,578
12	$7,774,386	-$2,836,853 -$369,283	$4,568,250
13	$8,163,060	-$2,980,663 -$387,745	$4,794,652
14	$8,571,364	-$3,131,735 -$407,140	$5,032,489
15	$8,999,902	-$3,290,294 -$427,495	$5,282,113
16	$9,449,882	-$3,456,787 -$448,869	$5,544,226
17	$9,922,210	-$3,631,548 -$471,305	$5,819,357
18	$10,418,396	-$3,815,137 -$494,874	$6,108,385
19	$10,939,346	-$4,007,888 -$519,619	$6,411,839
20	$11,486,268	-$4,210,250 -$545,598	$6,730,420
21	$12,060,672	-$4,422,779 -$572,882	$7,065,011
22	$12,663,766	-$4,645,924 -$601,529	$7,416,313
23	$13,296,758	-$4,880,131 -$631,596	$7,785,031
24	$13,961,762	-$5,126,182 -$663,184	$8,172,396
25	$14,659,684	-$5,384,413 -$696,335	$8,578,936
26	$15,392,940	-$5,655,718 -$731,165	$9,006,057
27	$16,162,436	-$5,940,432 -$767,716	$9,454,288
28	$16,970,588	-$6,239,448 -$806,103	$9,925,037
29	$17,819,208	-$6,553,437 -$846,412	$10,419,359
30	$18,710,108	-$6,883,070 -$888,730	$10,938,308