The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(4.75%) | $8,483,500 | | Net Lumpsum Payment | $104,074,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$309,561 |
$3,835,871 |
| 2 |
$6,843,132 |
$2,492,289
$325,049 |
$4,025,794 |
| 3 |
$7,185,202 |
$2,618,855
$341,297 |
$4,225,050 |
| 4 |
$7,544,592 |
$2,751,829
$358,368 |
$4,434,395 |
| 5 |
$7,921,735 |
$2,891,372
$376,282 |
$4,654,081 |
| 6 |
$8,317,930 |
$3,037,964
$395,102 |
$4,884,864 |
| 7 |
$8,733,610 |
$3,191,766
$414,846 |
$5,126,998 |
| 8 |
$9,170,507 |
$3,353,418
$435,599 |
$5,381,490 |
| 9 |
$9,629,054 |
$3,523,080
$457,380 |
$5,648,594 |
| 10 |
$10,110,550 |
$3,701,234
$480,251 |
$5,929,065 |
| 11 |
$10,615,861 |
$3,888,199
$504,253 |
$6,223,409 |
| 12 |
$11,146,719 |
$4,084,616
$529,469 |
$6,532,634 |
| 13 |
$11,703,990 |
$4,290,807
$555,940 |
$6,857,243 |
| 14 |
$12,289,406 |
$4,507,411
$583,747 |
$7,198,248 |
| 15 |
$12,903,833 |
$4,734,749
$612,932 |
$7,556,152 |
| 16 |
$13,549,003 |
$4,973,461
$643,578 |
$7,931,964 |
| 17 |
$14,226,215 |
$5,224,030
$675,745 |
$8,326,440 |
| 18 |
$14,937,634 |
$5,487,255
$709,538 |
$8,740,841 |
| 19 |
$15,684,559 |
$5,763,617
$745,017 |
$9,175,925 |
| 20 |
$16,468,722 |
$6,053,758
$782,264 |
$9,632,700 |
| 21 |
$17,292,288 |
$6,358,477
$821,384 |
$10,112,427 |
| 22 |
$18,156,989 |
$6,678,416
$862,457 |
$10,616,116 |
| 23 |
$19,064,557 |
$7,014,216
$905,566 |
$11,144,775 |
| 24 |
$20,018,023 |
$7,366,999
$950,856 |
$11,700,168 |
| 25 |
$21,018,686 |
$7,737,244
$998,388 |
$12,283,054 |
| 26 |
$22,070,010 |
$8,126,234
$1,048,325 |
$12,895,451 |
| 27 |
$23,173,294 |
$8,534,449
$1,100,731 |
$13,538,114 |
| 28 |
$24,332,002 |
$8,963,171
$1,155,770 |
$14,213,061 |
| 29 |
$25,548,732 |
$9,413,361
$1,213,565 |
$14,921,806 |
| 30 |
$26,826,082 |
$9,885,981
$1,274,239 |
$15,665,862 |
|
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