Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 5, 2025 is estimated to be $336 Million, with a cash option of 151.3 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 Fri Sep 5, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 5, 2025	$336,000,000	$151,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$151,300,000
Federal Tax(24%)	$36,312,000
Additional Federal Tax	$19,629,330
State Tax(4.25%)	$6,430,250
Net Lumpsum Payment	$88,928,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,057,136	-$1,831,471 -$214,928	$3,010,737
2	$5,310,144	-$1,925,084 -$225,681	$3,159,379
3	$5,575,584	-$2,023,296 -$236,962	$3,315,326
4	$5,854,464	-$2,126,482 -$248,815	$3,479,167
5	$6,147,120	-$2,234,765 -$261,253	$3,651,102
6	$6,454,560	-$2,348,518 -$274,319	$3,831,723
7	$6,777,120	-$2,467,865 -$288,028	$4,021,227
8	$7,116,144	-$2,593,304 -$302,436	$4,220,404
9	$7,471,968	-$2,724,959 -$317,559	$4,429,450
10	$7,845,600	-$2,863,202 -$333,438	$4,648,960
11	$8,237,712	-$3,008,284 -$350,103	$4,879,325
12	$8,649,648	-$3,160,700 -$367,610	$5,121,338
13	$9,082,080	-$3,320,700 -$385,988	$5,375,392
14	$9,536,352	-$3,488,781 -$405,295	$5,642,276
15	$10,013,136	-$3,665,191 -$425,558	$5,922,387
16	$10,513,776	-$3,850,428 -$446,835	$6,216,513
17	$11,039,280	-$4,044,864 -$469,169	$6,525,247
18	$11,591,328	-$4,249,122 -$492,631	$6,849,575
19	$12,170,928	-$4,463,574 -$517,264	$7,190,090
20	$12,779,424	-$4,688,717 -$543,126	$7,547,581
21	$13,418,496	-$4,925,174 -$570,286	$7,923,036
22	$14,089,488	-$5,173,441 -$598,803	$8,317,244
23	$14,793,744	-$5,434,016 -$628,734	$8,730,994
24	$15,533,616	-$5,707,768 -$660,179	$9,165,669
25	$16,310,112	-$5,995,072 -$693,180	$9,621,860
26	$17,125,920	-$6,296,921 -$727,852	$10,101,147
27	$17,982,048	-$6,613,688 -$764,237	$10,604,123
28	$18,881,184	-$6,946,368 -$802,450	$11,132,366
29	$19,825,344	-$7,295,708 -$842,577	$11,687,059
30	$20,816,544	-$7,662,452 -$884,703	$12,269,389