Louisiana Lottery

LALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Louisiana MEGA Millions Jackpot/Cash Option for Tue Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(4.75%)	$5,676,250
Net Lumpsum Payment	$69,648,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$183,020	$2,284,075
2	$4,045,824	-$1,457,285 -$192,177	$2,396,362
3	$4,248,064	-$1,532,114 -$201,783	$2,514,167
4	$4,460,544	-$1,610,732 -$211,876	$2,637,936
5	$4,683,520	-$1,693,233 -$222,467	$2,767,820
6	$4,917,760	-$1,779,902 -$233,594	$2,904,264
7	$5,163,520	-$1,870,833 -$245,267	$3,047,420
8	$5,421,824	-$1,966,405 -$257,537	$3,197,882
9	$5,692,928	-$2,066,714 -$270,414	$3,355,800
10	$5,977,600	-$2,172,042 -$283,936	$3,521,622
11	$6,276,352	-$2,282,581 -$298,127	$3,695,644
12	$6,590,208	-$2,398,707 -$313,035	$3,878,466
13	$6,919,680	-$2,520,612 -$328,685	$4,070,383
14	$7,265,792	-$2,648,673 -$345,125	$4,271,994
15	$7,629,056	-$2,783,081 -$362,380	$4,483,595
16	$8,010,496	-$2,924,214 -$380,499	$4,705,783
17	$8,410,880	-$3,072,356 -$399,517	$4,939,007
18	$8,831,488	-$3,227,981 -$419,496	$5,184,011
19	$9,273,088	-$3,391,373 -$440,472	$5,441,243
20	$9,736,704	-$3,562,911 -$462,493	$5,711,300
21	$10,223,616	-$3,743,068 -$485,622	$5,994,926
22	$10,734,848	-$3,932,224 -$509,905	$6,292,719
23	$11,271,424	-$4,130,757 -$535,393	$6,605,274
24	$11,835,136	-$4,339,331 -$562,169	$6,933,636
25	$12,426,752	-$4,558,229 -$590,271	$7,278,252
26	$13,048,320	-$4,788,209 -$619,795	$7,640,316
27	$13,700,608	-$5,029,555 -$650,779	$8,020,274
28	$14,385,664	-$5,283,026 -$683,319	$8,419,319
29	$15,105,024	-$5,549,189 -$717,489	$8,838,346
30	$15,860,224	-$5,828,613 -$753,361	$9,278,250