The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(4.75%) | $6,108,500 | | Net Lumpsum Payment | $74,949,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$211,617 |
$2,634,763 |
| 2 |
$4,677,984 |
$1,691,184
$222,204 |
$2,764,596 |
| 3 |
$4,911,824 |
$1,777,705
$233,312 |
$2,900,807 |
| 4 |
$5,157,504 |
$1,868,607
$244,981 |
$3,043,916 |
| 5 |
$5,415,320 |
$1,963,999
$257,228 |
$3,194,093 |
| 6 |
$5,686,160 |
$2,064,210
$270,093 |
$3,351,857 |
| 7 |
$5,970,320 |
$2,169,349
$283,590 |
$3,517,381 |
| 8 |
$6,268,984 |
$2,279,854
$297,777 |
$3,691,353 |
| 9 |
$6,582,448 |
$2,395,836
$312,666 |
$3,873,946 |
| 10 |
$6,911,600 |
$2,517,622
$328,301 |
$4,065,677 |
| 11 |
$7,257,032 |
$2,645,432
$344,709 |
$4,266,891 |
| 12 |
$7,619,928 |
$2,779,704
$361,947 |
$4,478,277 |
| 13 |
$8,000,880 |
$2,920,656
$380,042 |
$4,700,182 |
| 14 |
$8,401,072 |
$3,068,727
$399,051 |
$4,933,294 |
| 15 |
$8,821,096 |
$3,224,136
$419,002 |
$5,177,958 |
| 16 |
$9,262,136 |
$3,387,321
$439,951 |
$5,434,864 |
| 17 |
$9,725,080 |
$3,558,610
$461,941 |
$5,704,529 |
| 18 |
$10,211,408 |
$3,738,551
$485,042 |
$5,987,815 |
| 19 |
$10,722,008 |
$3,927,473
$509,295 |
$6,285,240 |
| 20 |
$11,258,064 |
$4,125,814
$534,758 |
$6,597,492 |
| 21 |
$11,821,056 |
$4,334,121
$561,500 |
$6,925,435 |
| 22 |
$12,412,168 |
$4,552,833
$589,578 |
$7,269,757 |
| 23 |
$13,032,584 |
$4,782,386
$619,048 |
$7,631,150 |
| 24 |
$13,684,376 |
$5,023,550
$650,008 |
$8,010,818 |
| 25 |
$14,368,432 |
$5,276,650
$682,501 |
$8,409,281 |
| 26 |
$15,087,120 |
$5,542,565
$716,638 |
$8,827,917 |
| 27 |
$15,841,328 |
$5,821,622
$752,463 |
$9,267,243 |
| 28 |
$16,633,424 |
$6,114,697
$790,088 |
$9,728,639 |
| 29 |
$17,465,184 |
$6,422,448
$829,596 |
$10,213,140 |
| 30 |
$18,338,384 |
$6,745,532
$871,073 |
$10,721,779 |
|
|
