Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 Jun 6, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 6, 2025	$223,000,000	$99,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,400,000
Federal Tax(24%)	$23,856,000
Additional Federal Tax	$12,882,330
State Tax(4.25%)	$4,224,500
Net Lumpsum Payment	$58,437,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$142,646	$2,011,539
2	$3,524,292	-$1,264,318 -$149,782	$2,110,192
3	$3,700,462	-$1,329,501 -$157,270	$2,213,691
4	$3,885,552	-$1,397,985 -$165,136	$2,322,431
5	$4,079,785	-$1,469,851 -$173,391	$2,436,543
6	$4,283,830	-$1,545,347 -$182,063	$2,556,420
7	$4,497,910	-$1,624,557 -$191,161	$2,682,192
8	$4,722,917	-$1,707,810 -$200,724	$2,814,383
9	$4,959,074	-$1,795,188 -$210,761	$2,953,125
10	$5,207,050	-$1,886,939 -$221,300	$3,098,811
11	$5,467,291	-$1,983,228 -$232,360	$3,251,703
12	$5,740,689	-$2,084,385 -$243,979	$3,412,325
13	$6,027,690	-$2,190,576 -$256,177	$3,580,937
14	$6,329,186	-$2,302,129 -$268,990	$3,758,067
15	$6,645,623	-$2,419,211 -$282,439	$3,943,973
16	$6,977,893	-$2,542,151 -$296,560	$4,139,182
17	$7,326,665	-$2,671,196 -$311,383	$4,344,086
18	$7,693,054	-$2,806,760 -$326,955	$4,559,339
19	$8,077,729	-$2,949,090 -$343,303	$4,785,336
20	$8,481,582	-$3,098,516 -$360,467	$5,022,599
21	$8,905,728	-$3,255,450 -$378,493	$5,271,785
22	$9,351,059	-$3,420,222 -$397,420	$5,533,417
23	$9,818,467	-$3,593,163 -$417,285	$5,808,019
24	$10,309,513	-$3,774,850 -$438,154	$6,096,509
25	$10,824,866	-$3,965,531 -$460,057	$6,399,278
26	$11,366,310	-$4,165,865 -$483,068	$6,717,377
27	$11,934,514	-$4,376,101 -$507,217	$7,051,196
28	$12,531,262	-$4,596,897 -$532,579	$7,401,786
29	$13,157,892	-$4,828,750 -$559,210	$7,769,932
30	$13,815,742	-$5,072,155 -$587,169	$8,156,418