Louisiana Lottery

LALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 2, 2026 is estimated to be $321 Million, with a cash option of 131.1 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 Oct 2, 2026

Draw Date	Jackpot	Cash Option
Fri Oct 2, 2026	$321,000,000	$131,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$131,100,000
Federal Tax(24%)	$31,464,000
Additional Federal Tax	$17,003,330
State Tax(4.75%)	$6,227,250
Net Lumpsum Payment	$76,405,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,831,371	-$1,747,938 -$229,490	$2,853,943
2	$5,073,084	-$1,837,371 -$240,971	$2,994,742
3	$5,326,674	-$1,931,200 -$253,017	$3,142,457
4	$5,593,104	-$2,029,779 -$265,672	$3,297,653
5	$5,872,695	-$2,133,228 -$278,953	$3,460,514
6	$6,166,410	-$2,241,902 -$292,904	$3,631,604
7	$6,474,570	-$2,355,921 -$307,542	$3,811,107
8	$6,798,459	-$2,475,760 -$322,927	$3,999,772
9	$7,138,398	-$2,601,538 -$339,074	$4,197,786
10	$7,495,350	-$2,733,610 -$356,029	$4,405,711
11	$7,869,957	-$2,872,214 -$373,823	$4,623,920
12	$8,263,503	-$3,017,826 -$392,516	$4,853,161
13	$8,676,630	-$3,170,683 -$412,140	$5,093,807
14	$9,110,622	-$3,331,261 -$432,755	$5,346,606
15	$9,566,121	-$3,499,795 -$454,391	$5,611,935
16	$10,044,411	-$3,676,762 -$477,110	$5,890,539
17	$10,546,455	-$3,862,519 -$500,957	$6,182,979
18	$11,073,858	-$4,057,658 -$526,008	$6,490,192
19	$11,627,583	-$4,262,536 -$552,310	$6,812,737
20	$12,208,914	-$4,477,629 -$579,923	$7,151,362
21	$12,819,456	-$4,703,529 -$608,924	$7,507,003
22	$13,460,493	-$4,940,713 -$639,373	$7,880,407
23	$14,133,309	-$5,189,655 -$671,332	$8,272,322
24	$14,840,151	-$5,451,186 -$704,907	$8,684,058
25	$15,581,982	-$5,725,664 -$740,144	$9,116,174
26	$16,361,370	-$6,014,037 -$777,165	$9,570,168
27	$17,179,278	-$6,316,663 -$816,016	$10,046,599
28	$18,038,274	-$6,634,492 -$856,818	$10,546,964
29	$18,940,284	-$6,968,235 -$899,663	$11,072,386
30	$19,887,234	-$7,318,607 -$944,644	$11,623,983