The jackpot for the MEGA Millions draw on Fri Apr 18, 2025, is projected to be $112 Million, with an option for a cash payout of $49.3 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 Apr 18, 2025 |
|---|
| Draw Date | Fri Apr 18, 2025 | | Projected Jackpot | $112,000,000 | | Cash Value | $49,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,300,000 | | Federal Tax(24%) | $11,832,000 | | Additional Federal Tax | $6,369,330 | | State Tax(4.75%) | $2,341,750 | | Net Lumpsum Payment | $28,756,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,685,712 |
$584,044
$80,071 |
$1,021,597 |
| 2 |
$1,770,048 |
$615,248
$84,077 |
$1,070,723 |
| 3 |
$1,858,528 |
$647,986
$88,280 |
$1,122,262 |
| 4 |
$1,951,488 |
$682,381
$92,696 |
$1,176,411 |
| 5 |
$2,049,040 |
$718,475
$97,329 |
$1,233,236 |
| 6 |
$2,151,520 |
$756,393
$102,197 |
$1,292,930 |
| 7 |
$2,259,040 |
$796,175
$107,304 |
$1,355,561 |
| 8 |
$2,372,048 |
$837,988
$112,672 |
$1,421,388 |
| 9 |
$2,490,656 |
$881,873
$118,306 |
$1,490,477 |
| 10 |
$2,615,200 |
$927,954
$124,222 |
$1,563,024 |
| 11 |
$2,745,904 |
$976,315
$130,430 |
$1,639,159 |
| 12 |
$2,883,216 |
$1,027,120
$136,953 |
$1,719,143 |
| 13 |
$3,027,360 |
$1,080,454
$143,800 |
$1,803,106 |
| 14 |
$3,178,784 |
$1,136,480
$150,992 |
$1,891,312 |
| 15 |
$3,337,712 |
$1,195,284
$158,541 |
$1,983,887 |
| 16 |
$3,504,592 |
$1,257,029
$166,468 |
$2,081,095 |
| 17 |
$3,679,760 |
$1,321,842
$174,789 |
$2,183,129 |
| 18 |
$3,863,776 |
$1,389,928
$183,529 |
$2,290,319 |
| 19 |
$4,056,976 |
$1,461,412
$192,706 |
$2,402,858 |
| 20 |
$4,259,808 |
$1,536,459
$202,341 |
$2,521,008 |
| 21 |
$4,472,832 |
$1,615,278
$212,460 |
$2,645,094 |
| 22 |
$4,696,496 |
$1,698,034
$223,084 |
$2,775,378 |
| 23 |
$4,931,248 |
$1,784,892
$234,234 |
$2,912,122 |
| 24 |
$5,177,872 |
$1,876,143
$245,949 |
$3,055,780 |
| 25 |
$5,436,704 |
$1,971,911
$258,243 |
$3,206,550 |
| 26 |
$5,708,640 |
$2,072,527
$271,160 |
$3,364,953 |
| 27 |
$5,994,016 |
$2,178,116
$284,716 |
$3,531,184 |
| 28 |
$6,293,728 |
$2,289,010
$298,952 |
$3,705,766 |
| 29 |
$6,608,448 |
$2,405,456
$313,901 |
$3,889,091 |
| 30 |
$6,938,848 |
$2,527,704
$329,595 |
$4,081,549 |
|
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