The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Louisiana residents, the state will deduct 4.75% from your lottery earnings.
| Louisiana MEGA Millions Jackpot/Cash Option for Tue Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4.75%) | $10,972,500 | | Net Lumpsum Payment | $134,597,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$365,325 |
$4,519,713 |
| 2 |
$8,075,844 |
$2,948,393
$383,603 |
$4,743,848 |
| 3 |
$8,479,534 |
$3,097,758
$402,778 |
$4,978,998 |
| 4 |
$8,903,664 |
$3,254,686
$422,924 |
$5,226,054 |
| 5 |
$9,348,745 |
$3,419,366
$444,065 |
$5,485,314 |
| 6 |
$9,816,310 |
$3,592,365
$466,275 |
$5,757,670 |
| 7 |
$10,306,870 |
$3,773,872
$489,576 |
$6,043,422 |
| 8 |
$10,822,469 |
$3,964,644
$514,067 |
$6,343,758 |
| 9 |
$11,363,618 |
$4,164,869
$539,772 |
$6,658,977 |
| 10 |
$11,931,850 |
$4,375,115
$566,763 |
$6,989,972 |
| 11 |
$12,528,187 |
$4,595,760
$595,089 |
$7,337,338 |
| 12 |
$13,154,673 |
$4,827,559
$624,847 |
$7,702,267 |
| 13 |
$13,812,330 |
$5,070,892
$656,086 |
$8,085,352 |
| 14 |
$14,503,202 |
$5,326,515
$688,902 |
$8,487,785 |
| 15 |
$15,228,311 |
$5,594,805
$723,345 |
$8,910,161 |
| 16 |
$15,989,701 |
$5,876,520
$759,511 |
$9,353,670 |
| 17 |
$16,788,905 |
$6,172,225
$797,473 |
$9,819,207 |
| 18 |
$17,628,478 |
$6,482,867
$837,353 |
$10,308,258 |
| 19 |
$18,509,953 |
$6,809,013
$879,223 |
$10,821,717 |
| 20 |
$19,435,374 |
$7,151,419
$923,180 |
$11,360,775 |
| 21 |
$20,407,296 |
$7,511,030
$969,347 |
$11,926,919 |
| 22 |
$21,427,763 |
$7,888,603
$1,017,819 |
$12,521,341 |
| 23 |
$22,498,819 |
$8,284,893
$1,068,694 |
$13,145,232 |
| 24 |
$23,624,041 |
$8,701,226
$1,122,142 |
$13,800,673 |
| 25 |
$24,804,962 |
$9,138,166
$1,178,236 |
$14,488,560 |
| 26 |
$26,045,670 |
$9,597,228
$1,237,169 |
$15,211,273 |
| 27 |
$27,347,698 |
$10,078,979
$1,299,016 |
$15,969,703 |
| 28 |
$28,715,134 |
$10,584,930
$1,363,969 |
$16,766,235 |
| 29 |
$30,151,044 |
$11,116,217
$1,432,175 |
$17,602,652 |
| 30 |
$31,658,494 |
$11,673,973
$1,503,778 |
$18,480,743 |
|
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