Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 7, 2025 is estimated to be $547 Million, with a cash option of 251.7 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 7, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 7, 2025	$547,000,000	$251,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$251,700,000
Federal Tax(24%)	$60,408,000
Additional Federal Tax	$32,681,330
State Tax(4.25%)	$10,697,250
Net Lumpsum Payment	$147,913,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,232,897	-$3,006,502 -$349,898	$4,876,497
2	$8,644,788	-$3,158,902 -$367,403	$5,118,483
3	$9,076,918	-$3,318,790 -$385,769	$5,372,359
4	$9,530,928	-$3,486,774 -$405,064	$5,639,090
5	$10,007,365	-$3,663,055 -$425,313	$5,918,997
6	$10,507,870	-$3,848,242 -$446,584	$6,213,044
7	$11,032,990	-$4,042,537 -$468,902	$6,521,551
8	$11,584,913	-$4,246,748 -$492,359	$6,845,806
9	$12,164,186	-$4,461,079 -$516,978	$7,186,129
10	$12,772,450	-$4,686,137 -$542,829	$7,543,484
11	$13,410,799	-$4,922,326 -$569,959	$7,918,514
12	$14,081,421	-$5,170,456 -$598,460	$8,312,505
13	$14,785,410	-$5,430,932 -$628,380	$8,726,098
14	$15,524,954	-$5,704,563 -$659,811	$9,160,580
15	$16,301,147	-$5,991,755 -$692,799	$9,616,593
16	$17,116,177	-$6,293,316 -$727,438	$10,095,423
17	$17,971,685	-$6,609,854 -$763,797	$10,598,034
18	$18,870,406	-$6,942,381 -$801,992	$11,126,033
19	$19,813,981	-$7,291,503 -$842,094	$11,680,384
20	$20,804,598	-$7,658,032 -$884,195	$12,262,371
21	$21,844,992	-$8,042,977 -$928,412	$12,873,603
22	$22,937,351	-$8,447,150 -$974,837	$13,515,364
23	$24,083,863	-$8,871,360 -$1,023,564	$14,188,939
24	$25,288,357	-$9,317,022 -$1,074,755	$14,896,580
25	$26,552,474	-$9,784,746 -$1,128,480	$15,639,248
26	$27,880,590	-$10,276,149 -$1,184,925	$16,419,516
27	$29,274,346	-$10,791,838 -$1,244,160	$17,238,348
28	$30,738,118	-$11,333,434 -$1,306,370	$18,098,314
29	$32,275,188	-$11,902,150 -$1,371,695	$19,001,343
30	$33,888,838	-$12,499,200 -$1,440,276	$19,949,362