The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(4.75%) | $9,647,250 | | Net Lumpsum Payment | $118,345,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$313,136 |
$3,879,707 |
| 2 |
$6,922,152 |
$2,521,527
$328,802 |
$4,071,823 |
| 3 |
$7,268,172 |
$2,649,554
$345,238 |
$4,273,380 |
| 4 |
$7,631,712 |
$2,784,064
$362,506 |
$4,485,142 |
| 5 |
$8,013,210 |
$2,925,218
$380,627 |
$4,707,365 |
| 6 |
$8,413,980 |
$3,073,503
$399,664 |
$4,940,813 |
| 7 |
$8,834,460 |
$3,229,081
$419,637 |
$5,185,742 |
| 8 |
$9,276,402 |
$3,392,599
$440,629 |
$5,443,174 |
| 9 |
$9,740,244 |
$3,564,221
$462,662 |
$5,713,361 |
| 10 |
$10,227,300 |
$3,744,431
$485,797 |
$5,997,072 |
| 11 |
$10,738,446 |
$3,933,555
$510,076 |
$6,294,815 |
| 12 |
$11,275,434 |
$4,132,241
$535,583 |
$6,607,610 |
| 13 |
$11,839,140 |
$4,340,812
$562,359 |
$6,935,969 |
| 14 |
$12,431,316 |
$4,559,917
$590,488 |
$7,280,911 |
| 15 |
$13,052,838 |
$4,789,880
$620,010 |
$7,642,948 |
| 16 |
$13,705,458 |
$5,031,350
$651,009 |
$8,023,099 |
| 17 |
$14,390,490 |
$5,284,812
$683,548 |
$8,422,130 |
| 18 |
$15,110,124 |
$5,551,076
$717,731 |
$8,841,317 |
| 19 |
$15,865,674 |
$5,830,630
$753,620 |
$9,281,424 |
| 20 |
$16,658,892 |
$6,124,120
$791,297 |
$9,743,475 |
| 21 |
$17,491,968 |
$6,432,359
$830,868 |
$10,228,741 |
| 22 |
$18,366,654 |
$6,755,992
$872,416 |
$10,738,246 |
| 23 |
$19,284,702 |
$7,095,670
$916,023 |
$11,273,009 |
| 24 |
$20,249,178 |
$7,452,526
$961,836 |
$11,834,816 |
| 25 |
$21,261,396 |
$7,827,047
$1,009,916 |
$12,424,433 |
| 26 |
$22,324,860 |
$8,220,529
$1,060,431 |
$13,043,900 |
| 27 |
$23,440,884 |
$8,633,457
$1,113,442 |
$13,693,985 |
| 28 |
$24,612,972 |
$9,067,130
$1,169,116 |
$14,376,726 |
| 29 |
$25,843,752 |
$9,522,519
$1,227,578 |
$15,093,655 |
| 30 |
$27,135,852 |
$10,000,596
$1,288,953 |
$15,846,303 |
|
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