The jackpot for the MEGA Millions draw on Fri Jul 10, 2026, is projected to be $604 Million, with an option for a cash payout of $266.3 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 Jul 10, 2026 |
|---|
| Draw Date | Fri Jul 10, 2026 | | Projected Jackpot | $604,000,000 | | Cash Value | $266,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,300,000 | | Federal Tax(24%) | $63,912,000 | | Additional Federal Tax | $34,579,330 | | State Tax(4.75%) | $12,649,250 | | Net Lumpsum Payment | $155,159,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,090,804 |
$3,323,928
$431,813 |
$5,335,063 |
| 2 |
$9,545,616 |
$3,492,208
$453,417 |
$5,599,991 |
| 3 |
$10,022,776 |
$3,668,758
$476,082 |
$5,877,936 |
| 4 |
$10,524,096 |
$3,854,246
$499,895 |
$6,169,955 |
| 5 |
$11,050,180 |
$4,048,897
$524,884 |
$6,476,399 |
| 6 |
$11,602,840 |
$4,253,381
$551,135 |
$6,798,324 |
| 7 |
$12,182,680 |
$4,467,922
$578,677 |
$7,136,081 |
| 8 |
$12,792,116 |
$4,693,413
$607,626 |
$7,491,077 |
| 9 |
$13,431,752 |
$4,930,079
$638,008 |
$7,863,665 |
| 10 |
$14,103,400 |
$5,178,588
$669,912 |
$8,254,900 |
| 11 |
$14,808,268 |
$5,439,390
$703,393 |
$8,665,485 |
| 12 |
$15,548,772 |
$5,713,376
$738,567 |
$9,096,829 |
| 13 |
$16,326,120 |
$6,000,995
$775,491 |
$9,549,634 |
| 14 |
$17,142,728 |
$6,303,140
$814,280 |
$10,025,308 |
| 15 |
$17,999,804 |
$6,620,258
$854,991 |
$10,524,555 |
| 16 |
$18,899,764 |
$6,953,243
$897,739 |
$11,048,782 |
| 17 |
$19,844,420 |
$7,302,766
$942,610 |
$11,599,044 |
| 18 |
$20,836,792 |
$7,669,943
$989,748 |
$12,177,101 |
| 19 |
$21,878,692 |
$8,055,446
$1,039,238 |
$12,784,008 |
| 20 |
$22,972,536 |
$8,460,169
$1,091,195 |
$13,421,172 |
| 21 |
$24,121,344 |
$8,885,228
$1,145,764 |
$14,090,352 |
| 22 |
$25,327,532 |
$9,331,517
$1,203,058 |
$14,792,957 |
| 23 |
$26,593,516 |
$9,799,931
$1,263,192 |
$15,530,393 |
| 24 |
$27,923,524 |
$10,292,034
$1,326,367 |
$16,305,123 |
| 25 |
$29,319,368 |
$10,808,497
$1,392,670 |
$17,118,201 |
| 26 |
$30,785,880 |
$11,351,106
$1,462,329 |
$17,972,445 |
| 27 |
$32,324,872 |
$11,920,533
$1,535,431 |
$18,868,908 |
| 28 |
$33,941,176 |
$12,518,566
$1,612,206 |
$19,810,404 |
| 29 |
$35,638,416 |
$13,146,544
$1,692,825 |
$20,799,047 |
| 30 |
$37,420,216 |
$13,805,810
$1,777,460 |
$21,836,946 |
|
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