Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Michigan MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(4.25%)	$15,797,250
Net Lumpsum Payment	$218,413,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$511,734	$7,113,640
2	$12,643,200	-$4,638,314 -$537,336	$7,467,550
3	$13,275,200	-$4,872,154 -$564,196	$7,838,850
4	$13,939,200	-$5,117,834 -$592,416	$8,228,950
5	$14,636,000	-$5,375,650 -$622,030	$8,638,320
6	$15,368,000	-$5,646,490 -$653,140	$9,068,370
7	$16,136,000	-$5,930,650 -$685,780	$9,519,570
8	$16,943,200	-$6,229,314 -$720,086	$9,993,800
9	$17,790,400	-$6,542,778 -$756,092	$10,491,530
10	$18,680,000	-$6,871,930 -$793,900	$11,014,170
11	$19,613,600	-$7,217,362 -$833,578	$11,562,660
12	$20,594,400	-$7,580,258 -$875,262	$12,138,880
13	$21,624,000	-$7,961,210 -$919,020	$12,743,770
14	$22,705,600	-$8,361,402 -$964,988	$13,379,210
15	$23,840,800	-$8,781,426 -$1,013,234	$14,046,140
16	$25,032,800	-$9,222,466 -$1,063,894	$14,746,440
17	$26,284,000	-$9,685,410 -$1,117,070	$15,481,520
18	$27,598,400	-$10,171,738 -$1,172,932	$16,253,730
19	$28,978,400	-$10,682,338 -$1,231,582	$17,064,480
20	$30,427,200	-$11,218,394 -$1,293,156	$17,915,650
21	$31,948,800	-$11,781,386 -$1,357,824	$18,809,590
22	$33,546,400	-$12,372,498 -$1,425,722	$19,748,180
23	$35,223,200	-$12,992,914 -$1,496,986	$20,733,300
24	$36,984,800	-$13,644,706 -$1,571,854	$21,768,240
25	$38,833,600	-$14,328,762 -$1,650,428	$22,854,410
26	$40,776,000	-$15,047,450 -$1,732,980	$23,995,570
27	$42,814,400	-$15,801,658 -$1,819,612	$25,193,130
28	$44,955,200	-$16,593,754 -$1,910,596	$26,450,850
29	$47,203,200	-$17,425,514 -$2,006,136	$27,771,550
30	$49,563,200	-$18,298,714 -$2,106,436	$29,158,050