The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(4.75%) | $6,479,000 | | Net Lumpsum Payment | $79,492,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$222,341 |
$2,766,271 |
| 2 |
$4,915,044 |
$1,778,897
$233,465 |
$2,902,682 |
| 3 |
$5,160,734 |
$1,869,802
$245,135 |
$3,045,797 |
| 4 |
$5,418,864 |
$1,965,310
$257,396 |
$3,196,158 |
| 5 |
$5,689,745 |
$2,065,536
$270,263 |
$3,353,946 |
| 6 |
$5,974,310 |
$2,170,825
$283,780 |
$3,519,705 |
| 7 |
$6,272,870 |
$2,281,292
$297,961 |
$3,693,617 |
| 8 |
$6,586,669 |
$2,397,398
$312,867 |
$3,876,404 |
| 9 |
$6,916,018 |
$2,519,257
$328,511 |
$4,068,250 |
| 10 |
$7,261,850 |
$2,647,215
$344,938 |
$4,269,697 |
| 11 |
$7,624,787 |
$2,781,502
$362,177 |
$4,481,108 |
| 12 |
$8,006,073 |
$2,922,577
$380,288 |
$4,703,208 |
| 13 |
$8,406,330 |
$3,070,672
$399,301 |
$4,936,357 |
| 14 |
$8,826,802 |
$3,226,247
$419,273 |
$5,181,282 |
| 15 |
$9,268,111 |
$3,389,531
$440,235 |
$5,438,345 |
| 16 |
$9,731,501 |
$3,560,986
$462,246 |
$5,708,269 |
| 17 |
$10,217,905 |
$3,740,955
$485,350 |
$5,991,600 |
| 18 |
$10,728,878 |
$3,930,015
$509,622 |
$6,289,241 |
| 19 |
$11,265,353 |
$4,128,511
$535,104 |
$6,601,738 |
| 20 |
$11,828,574 |
$4,336,903
$561,857 |
$6,929,814 |
| 21 |
$12,420,096 |
$4,555,766
$589,955 |
$7,274,375 |
| 22 |
$13,041,163 |
$4,785,561
$619,455 |
$7,636,147 |
| 23 |
$13,693,019 |
$5,026,747
$650,418 |
$8,015,854 |
| 24 |
$14,377,841 |
$5,280,132
$682,947 |
$8,414,762 |
| 25 |
$15,096,562 |
$5,546,058
$717,087 |
$8,833,417 |
| 26 |
$15,851,670 |
$5,825,448
$752,954 |
$9,273,268 |
| 27 |
$16,644,098 |
$6,118,647
$790,595 |
$9,734,856 |
| 28 |
$17,476,334 |
$6,426,574
$830,126 |
$10,219,634 |
| 29 |
$18,350,244 |
$6,749,921
$871,637 |
$10,728,686 |
| 30 |
$19,267,694 |
$7,089,377
$915,215 |
$11,263,102 |
|
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