Lotto
Latest draw · Saturday, July 4, 2026
Lotto Tax Calculator
See what you'd really take home from a Lotto prize after federal and Louisiana state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $2,430,000
- Federal tax
- − $857,288
- State tax (Louisiana · 4.25%)
- − $103,275
- Net take-home
- $1,469,437
Estimate only — uses single-filer federal brackets and Louisiana's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Lotto tax FAQ
How much tax do you pay on a Lotto jackpot in Louisiana?
On a $2,430,000 Lotto jackpot taken as a lump sum, you'd pay about $857,288 in federal tax and $103,275 in Louisiana state tax, leaving roughly $1,469,437.
Does Louisiana tax Lotto lottery winnings?
Yes — Louisiana withholds about 4.25% in state tax on Lotto winnings, on top of federal tax.
Should I take the Lotto lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.