The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 Fri Feb 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(4.75%) | $10,089,000 | | Net Lumpsum Payment | $123,762,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$327,435 |
$4,055,050 |
| 2 |
$7,238,232 |
$2,638,476
$343,816 |
$4,255,940 |
| 3 |
$7,600,052 |
$2,772,350
$361,002 |
$4,466,700 |
| 4 |
$7,980,192 |
$2,913,001
$379,059 |
$4,688,132 |
| 5 |
$8,379,110 |
$3,060,601
$398,008 |
$4,920,501 |
| 6 |
$8,798,180 |
$3,215,657
$417,914 |
$5,164,609 |
| 7 |
$9,237,860 |
$3,378,339
$438,798 |
$5,420,723 |
| 8 |
$9,699,982 |
$3,549,324
$460,749 |
$5,689,909 |
| 9 |
$10,185,004 |
$3,728,782
$483,788 |
$5,972,434 |
| 10 |
$10,694,300 |
$3,917,221
$507,979 |
$6,269,100 |
| 11 |
$11,228,786 |
$4,114,981
$533,367 |
$6,580,438 |
| 12 |
$11,790,294 |
$4,322,739
$560,039 |
$6,907,516 |
| 13 |
$12,379,740 |
$4,540,834
$588,038 |
$7,250,868 |
| 14 |
$12,998,956 |
$4,769,944
$617,450 |
$7,611,562 |
| 15 |
$13,648,858 |
$5,010,408
$648,321 |
$7,990,129 |
| 16 |
$14,331,278 |
$5,262,903
$680,736 |
$8,387,639 |
| 17 |
$15,047,590 |
$5,527,939
$714,761 |
$8,804,890 |
| 18 |
$15,800,084 |
$5,806,361
$750,504 |
$9,243,219 |
| 19 |
$16,590,134 |
$6,098,680
$788,031 |
$9,703,423 |
| 20 |
$17,419,572 |
$6,405,572
$827,430 |
$10,186,570 |
| 21 |
$18,290,688 |
$6,727,885
$868,808 |
$10,693,995 |
| 22 |
$19,205,314 |
$7,066,297
$912,252 |
$11,226,765 |
| 23 |
$20,165,282 |
$7,421,485
$957,851 |
$11,785,946 |
| 24 |
$21,173,798 |
$7,794,636
$1,005,755 |
$12,373,407 |
| 25 |
$22,232,236 |
$8,186,258
$1,056,031 |
$12,989,947 |
| 26 |
$23,344,260 |
$8,597,707
$1,108,852 |
$13,637,701 |
| 27 |
$24,511,244 |
$9,029,491
$1,164,284 |
$14,317,469 |
| 28 |
$25,736,852 |
$9,482,966
$1,222,500 |
$15,031,386 |
| 29 |
$27,023,832 |
$9,959,148
$1,283,632 |
$15,781,052 |
| 30 |
$28,374,932 |
$10,459,055
$1,347,809 |
$16,568,068 |
|
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