Louisiana Lottery

LALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 24, 2026 is estimated to be $60 Million, with a cash option of 27 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 Tue Mar 24, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 24, 2026	$60,000,000	$27,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,000,000
Federal Tax(24%)	$6,480,000
Additional Federal Tax	$3,470,330
State Tax(4.75%)	$1,282,500
Net Lumpsum Payment	$15,767,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$42,895	$565,702
2	$948,240	-$311,179 -$45,041	$592,020
3	$995,640	-$328,717 -$47,293	$619,630
4	$1,045,440	-$347,143 -$49,658	$648,639
5	$1,097,700	-$366,479 -$52,141	$679,080
6	$1,152,600	-$386,792 -$54,749	$711,059
7	$1,210,200	-$408,104 -$57,485	$744,611
8	$1,270,740	-$430,504 -$60,360	$779,876
9	$1,334,280	-$454,014 -$63,378	$816,888
10	$1,401,000	-$478,700 -$66,548	$855,752
11	$1,471,020	-$504,608 -$69,873	$896,539
12	$1,544,580	-$531,825 -$73,368	$939,387
13	$1,621,800	-$560,396 -$77,036	$984,368
14	$1,702,920	-$590,411 -$80,889	$1,031,620
15	$1,788,060	-$621,913 -$84,933	$1,081,214
16	$1,877,460	-$654,991 -$89,179	$1,133,290
17	$1,971,300	-$689,711 -$93,637	$1,187,952
18	$2,069,880	-$726,186 -$98,319	$1,245,375
19	$2,173,380	-$764,481 -$103,236	$1,305,663
20	$2,282,040	-$804,685 -$108,397	$1,368,958
21	$2,396,160	-$846,910 -$113,818	$1,435,432
22	$2,515,980	-$891,243 -$119,509	$1,505,228
23	$2,641,740	-$937,774 -$125,483	$1,578,483
24	$2,773,860	-$986,659 -$131,758	$1,655,443
25	$2,912,520	-$1,037,963 -$138,345	$1,736,212
26	$3,058,200	-$1,091,864 -$145,265	$1,821,071
27	$3,211,080	-$1,148,430 -$152,526	$1,910,124
28	$3,371,640	-$1,207,837 -$160,153	$2,003,650
29	$3,540,240	-$1,270,219 -$168,161	$2,101,860
30	$3,717,240	-$1,335,709 -$176,569	$2,204,962