Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Fri Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(4.25%)	$939,250
Net Lumpsum Payment	$13,023,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$31,983	$481,793
2	$790,200	-$252,704 -$33,584	$503,912
3	$829,700	-$267,319 -$35,262	$527,119
4	$871,200	-$282,674 -$37,026	$551,500
5	$914,750	-$298,788 -$38,877	$577,085
6	$960,500	-$315,715 -$40,821	$603,964
7	$1,008,500	-$333,475 -$42,861	$632,164
8	$1,058,950	-$352,142 -$45,005	$661,803
9	$1,111,900	-$371,733 -$47,256	$692,911
10	$1,167,500	-$392,305 -$49,619	$725,576
11	$1,225,850	-$413,895 -$52,099	$759,856
12	$1,287,150	-$436,576 -$54,704	$795,870
13	$1,351,500	-$460,385 -$57,439	$833,676
14	$1,419,100	-$485,397 -$60,312	$873,391
15	$1,490,050	-$511,649 -$63,327	$915,074
16	$1,564,550	-$539,214 -$66,493	$958,843
17	$1,642,750	-$568,148 -$69,817	$1,004,785
18	$1,724,900	-$598,543 -$73,308	$1,053,049
19	$1,811,150	-$630,456 -$76,974	$1,103,720
20	$1,901,700	-$663,959 -$80,822	$1,156,919
21	$1,996,800	-$699,146 -$84,864	$1,212,790
22	$2,096,650	-$736,091 -$89,108	$1,271,451
23	$2,201,450	-$774,867 -$93,562	$1,333,021
24	$2,311,550	-$815,604 -$98,241	$1,397,705
25	$2,427,100	-$858,357 -$103,152	$1,465,591
26	$2,548,500	-$903,275 -$108,311	$1,536,914
27	$2,675,900	-$950,413 -$113,726	$1,611,761
28	$2,809,700	-$999,919 -$119,412	$1,690,369
29	$2,950,200	-$1,051,904 -$125,384	$1,772,912
30	$3,097,700	-$1,106,479 -$131,652	$1,859,569