Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 28, 2025 is estimated to be $714 Million, with a cash option of 334.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Michigan, your state will take 4.25% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Michigan MEGA Millions Jackpot/Cash Option for Tue Oct 28, 2025

Draw Date Jackpot Cash Option
Tue Oct 28, 2025$714,000,000$334,100,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$334,100,000
Federal Tax(24%)$80,184,000
Additional Federal Tax$43,393,330
State Tax(4.25%)$14,199,250
Net Lumpsum Payment$196,323,420

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $10,746,414 -$3,936,504
-$456,723
$6,353,187
2 $11,284,056 -$4,135,431
-$479,572
$6,669,053
3 $11,848,116 -$4,344,133
-$503,545
$7,000,438
4 $12,440,736 -$4,563,403
-$528,731
$7,348,602
5 $13,062,630 -$4,793,503
-$555,162
$7,713,965
6 $13,715,940 -$5,035,228
-$582,927
$8,097,785
7 $14,401,380 -$5,288,841
-$612,059
$8,500,480
8 $15,121,806 -$5,555,399
-$642,677
$8,923,730
9 $15,877,932 -$5,835,165
-$674,812
$9,367,955
10 $16,671,900 -$6,128,933
-$708,556
$9,834,411
11 $17,505,138 -$6,437,231
-$743,968
$10,323,939
12 $18,380,502 -$6,761,116
-$781,171
$10,838,215
13 $19,299,420 -$7,101,116
-$820,225
$11,378,079
14 $20,264,748 -$7,458,287
-$861,252
$11,945,209
15 $21,277,914 -$7,833,159
-$904,311
$12,540,444
16 $22,341,774 -$8,226,787
-$949,525
$13,165,462
17 $23,458,470 -$8,639,964
-$996,985
$13,821,521
18 $24,631,572 -$9,074,012
-$1,046,842
$14,510,718
19 $25,863,222 -$9,529,723
-$1,099,187
$15,234,312
20 $27,156,276 -$10,008,153
-$1,154,142
$15,993,981
21 $28,514,304 -$10,510,623
-$1,211,858
$16,791,823
22 $29,940,162 -$11,038,190
-$1,272,457
$17,629,515
23 $31,436,706 -$11,591,912
-$1,336,060
$18,508,734
24 $33,008,934 -$12,173,636
-$1,402,880
$19,432,418
25 $34,658,988 -$12,784,156
-$1,473,007
$20,401,825
26 $36,392,580 -$13,425,585
-$1,546,685
$21,420,310
27 $38,211,852 -$14,098,716
-$1,624,004
$22,489,132
28 $40,122,516 -$14,805,661
-$1,705,207
$23,611,648
29 $42,128,856 -$15,548,007
-$1,790,476
$24,790,373
30 $44,235,156 -$16,327,338
-$1,879,994
$26,027,824
7
1
4
Cash Option: $334.1 Million
Next Draw: Tue Oct 28
Mega Millions
Fri Oct 24, 2025
111831515624

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