The jackpot for the MEGA Millions draw on Fri Jun 6, 2025, is projected to be $223 Million, with an option for a cash payout of $99.4 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 Fri Jun 6, 2025 |
|---|
| Draw Date | Fri Jun 6, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $99,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $99,400,000 | | Federal Tax(24%) | $23,856,000 | | Additional Federal Tax | $12,882,330 | | State Tax(4.75%) | $4,721,500 | | Net Lumpsum Payment | $57,940,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$159,428 |
$1,994,757 |
| 2 |
$3,524,292 |
$1,264,318
$167,404 |
$2,092,570 |
| 3 |
$3,700,462 |
$1,329,501
$175,772 |
$2,195,189 |
| 4 |
$3,885,552 |
$1,397,985
$184,564 |
$2,303,003 |
| 5 |
$4,079,785 |
$1,469,851
$193,790 |
$2,416,144 |
| 6 |
$4,283,830 |
$1,545,347
$203,482 |
$2,535,001 |
| 7 |
$4,497,910 |
$1,624,557
$213,651 |
$2,659,702 |
| 8 |
$4,722,917 |
$1,707,810
$224,339 |
$2,790,768 |
| 9 |
$4,959,074 |
$1,795,188
$235,556 |
$2,928,330 |
| 10 |
$5,207,050 |
$1,886,939
$247,335 |
$3,072,776 |
| 11 |
$5,467,291 |
$1,983,228
$259,696 |
$3,224,367 |
| 12 |
$5,740,689 |
$2,084,385
$272,683 |
$3,383,621 |
| 13 |
$6,027,690 |
$2,190,576
$286,315 |
$3,550,799 |
| 14 |
$6,329,186 |
$2,302,129
$300,636 |
$3,726,421 |
| 15 |
$6,645,623 |
$2,419,211
$315,667 |
$3,910,745 |
| 16 |
$6,977,893 |
$2,542,151
$331,450 |
$4,104,292 |
| 17 |
$7,326,665 |
$2,671,196
$348,017 |
$4,307,452 |
| 18 |
$7,693,054 |
$2,806,760
$365,420 |
$4,520,874 |
| 19 |
$8,077,729 |
$2,949,090
$383,692 |
$4,744,947 |
| 20 |
$8,481,582 |
$3,098,516
$402,875 |
$4,980,191 |
| 21 |
$8,905,728 |
$3,255,450
$423,022 |
$5,227,256 |
| 22 |
$9,351,059 |
$3,420,222
$444,175 |
$5,486,662 |
| 23 |
$9,818,467 |
$3,593,163
$466,377 |
$5,758,927 |
| 24 |
$10,309,513 |
$3,774,850
$489,702 |
$6,044,961 |
| 25 |
$10,824,866 |
$3,965,531
$514,181 |
$6,345,154 |
| 26 |
$11,366,310 |
$4,165,865
$539,900 |
$6,660,545 |
| 27 |
$11,934,514 |
$4,376,101
$566,889 |
$6,991,524 |
| 28 |
$12,531,262 |
$4,596,897
$595,235 |
$7,339,130 |
| 29 |
$13,157,892 |
$4,828,750
$625,000 |
$7,704,142 |
| 30 |
$13,815,742 |
$5,072,155
$656,248 |
$8,087,339 |
|
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