The jackpot for the MEGA Millions draw on Fri Jun 13, 2025, is projected to be $264 Million, with an option for a cash payout of $117.3 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 Jun 13, 2025 |
Draw Date |
Fri Jun 13, 2025 |
Projected Jackpot |
$264,000,000 |
Cash Value |
$117,300,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$117,300,000 |
Federal Tax(24%) |
$28,152,000 |
Additional Federal Tax |
$15,209,330 |
State Tax(4.75%) |
$5,571,750 |
Net Lumpsum Payment |
$68,366,920 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,973,464 |
$1,430,512
$188,740 |
$2,354,212 |
2 |
$4,172,256 |
$1,504,065
$198,182 |
$2,470,009 |
3 |
$4,380,816 |
$1,581,232
$208,089 |
$2,591,495 |
4 |
$4,599,936 |
$1,662,307
$218,497 |
$2,719,132 |
5 |
$4,829,880 |
$1,747,386
$229,419 |
$2,853,075 |
6 |
$5,071,440 |
$1,836,763
$240,893 |
$2,993,784 |
7 |
$5,324,880 |
$1,930,536
$252,932 |
$3,141,412 |
8 |
$5,591,256 |
$2,029,095
$265,585 |
$3,296,576 |
9 |
$5,870,832 |
$2,132,538
$278,865 |
$3,459,429 |
10 |
$6,164,400 |
$2,241,158
$292,809 |
$3,630,433 |
11 |
$6,472,488 |
$2,355,151
$307,443 |
$3,809,894 |
12 |
$6,796,152 |
$2,474,907
$322,817 |
$3,998,428 |
13 |
$7,135,920 |
$2,600,621
$338,956 |
$4,196,343 |
14 |
$7,492,848 |
$2,732,684
$355,910 |
$4,404,254 |
15 |
$7,867,464 |
$2,871,292
$373,705 |
$4,622,467 |
16 |
$8,260,824 |
$3,016,835
$392,389 |
$4,851,600 |
17 |
$8,673,720 |
$3,169,607
$412,002 |
$5,092,111 |
18 |
$9,107,472 |
$3,330,095
$432,605 |
$5,344,772 |
19 |
$9,562,872 |
$3,498,593
$454,236 |
$5,610,043 |
20 |
$10,040,976 |
$3,675,492
$476,946 |
$5,888,538 |
21 |
$10,543,104 |
$3,861,279
$500,797 |
$6,181,028 |
22 |
$11,070,312 |
$4,056,346
$525,840 |
$6,488,126 |
23 |
$11,623,656 |
$4,261,083
$552,124 |
$6,810,449 |
24 |
$12,204,984 |
$4,476,174
$579,737 |
$7,149,073 |
25 |
$12,815,088 |
$4,701,913
$608,717 |
$7,504,458 |
26 |
$13,456,080 |
$4,939,080
$639,164 |
$7,877,836 |
27 |
$14,128,752 |
$5,187,969
$671,116 |
$8,269,667 |
28 |
$14,835,216 |
$5,449,360
$704,673 |
$8,681,183 |
29 |
$15,577,056 |
$5,723,841
$739,910 |
$9,113,305 |
30 |
$16,355,856 |
$6,011,997
$776,903 |
$9,566,956 |
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