A Hoosier Lottery employee holds Mega Millions tickets at the Hoosier Lottery booth at the Indiana State Fair, Thursday, Aug. 3, 2023, in Indianapolis. The odds of winning a $1.25 billion Mega Millions jackpot Friday night are infinitesimally small, but that doesn’t stop players from some mighty big daydreams of what they would do if they won the giant prize. (AP Photo/Darron Cummings)
A Hoosier Lottery employee holds Mega Millions tickets at the Hoosier Lottery booth at the Indiana State Fair, Thursday, Aug. 3, 2023, in Indianapolis. The odds of winning a $1.25 billion Mega Millions jackpot Friday night are infinitesimally small, but that doesn’t stop players from some mighty big daydreams of what they would do if they won the giant prize. (AP Photo/Darron Cummings)
It may be a seven-figure payout, but don’t forget about Uncle Sam.
A lucky gambler who bought a Lotto ticket from a Metairie gas station had a winning combination Saturday night resulting in a $3.9 million jackpot, according to the Louisiana Lottery.
It’s one of the biggest lottery wins in the state in months, but the person with the newfound fortune won’t bring that entire total home.
In Louisiana, any lottery win over $5,000 is subject to a 3% state tax deduction and 24% federal tax deduction, according to the Louisiana Lottery website.
That means the winner will pay 27% in taxes off the top. On a $3.9 million win, the tax deductions total about $1.053 million, leaving about $2.8 million for the payout.
The Louisiana Lottery has payed out more than $15 million in wins from lottery tickets and scratch-offs since September, according to data provided by the company.
E-mail Justin Mitchell at justin.mitchell@theadvocate.com
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