The jackpot for the MEGA Millions draw on Tue Mar 4, 2025, is projected to be $215 Million, with an option for a cash payout of $100.9 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 Mar 4, 2025 |
|---|
| Draw Date | Tue Mar 4, 2025 | | Projected Jackpot | $215,000,000 | | Cash Value | $100,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,900,000 | | Federal Tax(24%) | $24,216,000 | | Additional Federal Tax | $13,077,330 | | State Tax(4.75%) | $4,792,750 | | Net Lumpsum Payment | $58,813,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$153,708 |
$1,924,620 |
| 2 |
$3,397,860 |
$1,217,539
$161,398 |
$2,018,923 |
| 3 |
$3,567,710 |
$1,280,383
$169,466 |
$2,117,861 |
| 4 |
$3,746,160 |
$1,346,410
$177,943 |
$2,221,807 |
| 5 |
$3,933,425 |
$1,415,698
$186,838 |
$2,330,889 |
| 6 |
$4,130,150 |
$1,488,486
$196,182 |
$2,445,482 |
| 7 |
$4,336,550 |
$1,564,854
$205,986 |
$2,565,710 |
| 8 |
$4,553,485 |
$1,645,120
$216,291 |
$2,692,074 |
| 9 |
$4,781,170 |
$1,729,363
$227,106 |
$2,824,701 |
| 10 |
$5,020,250 |
$1,817,823
$238,462 |
$2,963,965 |
| 11 |
$5,271,155 |
$1,910,658
$250,380 |
$3,110,117 |
| 12 |
$5,534,745 |
$2,008,186
$262,900 |
$3,263,659 |
| 13 |
$5,811,450 |
$2,110,567
$276,044 |
$3,424,839 |
| 14 |
$6,102,130 |
$2,218,118
$289,851 |
$3,594,161 |
| 15 |
$6,407,215 |
$2,331,000
$304,343 |
$3,771,872 |
| 16 |
$6,727,565 |
$2,449,529
$319,559 |
$3,958,477 |
| 17 |
$7,063,825 |
$2,573,946
$335,532 |
$4,154,347 |
| 18 |
$7,417,070 |
$2,704,646
$352,311 |
$4,360,113 |
| 19 |
$7,787,945 |
$2,841,870
$369,927 |
$4,576,148 |
| 20 |
$8,177,310 |
$2,985,935
$388,422 |
$4,802,953 |
| 21 |
$8,586,240 |
$3,137,239
$407,846 |
$5,041,155 |
| 22 |
$9,015,595 |
$3,296,101
$428,241 |
$5,291,253 |
| 23 |
$9,466,235 |
$3,462,837
$449,646 |
$5,553,752 |
| 24 |
$9,939,665 |
$3,638,006
$472,134 |
$5,829,525 |
| 25 |
$10,436,530 |
$3,821,846
$495,735 |
$6,118,949 |
| 26 |
$10,958,550 |
$4,014,994
$520,531 |
$6,423,025 |
| 27 |
$11,506,370 |
$4,217,687
$546,553 |
$6,742,130 |
| 28 |
$12,081,710 |
$4,430,563
$573,881 |
$7,077,266 |
| 29 |
$12,685,860 |
$4,654,099
$602,578 |
$7,429,183 |
| 30 |
$13,320,110 |
$4,888,771
$632,705 |
$7,798,634 |
|
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