You could possibly win some life-changing money tonight with the Louisiana Lottery.


I've been playing the lottery casually for the last two years. I used to think it was a waste of money, but then one day it hit me...somebody's going to win, it might as well be me. I started playing the Mega Millions and Powerball games.  However, I quickly realized that I had better odds playing two other different lottery games.

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Odds Of Winning The Jackpot:

  • Mega Millions: 1 in 302,575,350
  • Powerball: 1 in 292,201,338
  • LA Lotto: 1 in 5,245,786
  • Easy 5: 1 in 435,897

Don't get me wrong, I still play the Mega Millions and Powerball when they have really large jackpots, but I mainly play the LA Lotto and Easy 5 now. As you can see the odds of winning are way more favorable to me. That's because they're games only played in the state of Louisiana, so there are way fewer people playing which means the odds of winning aren't so astronomical.

Sean Gladwell/ThinkStock

Tonight's drawing for the LA Lotto is worth $725,000. However, if someone wins that's not the amount of money they will deposit in their bank account. The feds and the state are going to want their cut too.

If someone wins tonight, the federal government will take 24% off the top for income taxes and the winner may still owe more taxes at the end of the year. That figures out to be $274,000 in federal taxes which leaves the winner with $451,000, but there's more.

The Bayou State has a 4.75% income tax rate which means the winner would owe Baton Rouge $34,437.50.

Flying lottery balls

That would leave the winner with a total of $416,562.50 to bring to the bank. Not a bad payout for a $1 Lotto ticket. And even though the federal taxes are really steep on Lottery winnings, you still would walk away with some life-changing money.

Most of us have medical bills waiting to get paid, credit cards that could be paid off, loans that could get paid down, new cars to be bought, new homes to move into, and many more great things to use the money for.

I for sure will be buying a few tickets tonight and crossing everything that can be crossed so that I get the lucky numbers.

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