Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4.25%)	$5,780,000
Net Lumpsum Payment	$79,939,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$193,180	$2,710,093
2	$4,772,808	-$1,726,269 -$202,844	$2,843,695
3	$5,011,388	-$1,814,544 -$212,984	$2,983,860
4	$5,262,048	-$1,907,288 -$223,637	$3,131,123
5	$5,525,090	-$2,004,614 -$234,816	$3,285,660
6	$5,801,420	-$2,106,856 -$246,560	$3,448,004
7	$6,091,340	-$2,214,126 -$258,882	$3,618,332
8	$6,396,058	-$2,326,872 -$271,832	$3,797,354
9	$6,715,876	-$2,445,205 -$285,425	$3,985,246
10	$7,051,700	-$2,569,459 -$299,697	$4,182,544
11	$7,404,134	-$2,699,860 -$314,676	$4,389,598
12	$7,774,386	-$2,836,853 -$330,411	$4,607,122
13	$8,163,060	-$2,980,663 -$346,930	$4,835,467
14	$8,571,364	-$3,131,735 -$364,283	$5,075,346
15	$8,999,902	-$3,290,294 -$382,496	$5,327,112
16	$9,449,882	-$3,456,787 -$401,620	$5,591,475
17	$9,922,210	-$3,631,548 -$421,694	$5,868,968
18	$10,418,396	-$3,815,137 -$442,782	$6,160,477
19	$10,939,346	-$4,007,888 -$464,922	$6,466,536
20	$11,486,268	-$4,210,250 -$488,166	$6,787,852
21	$12,060,672	-$4,422,779 -$512,579	$7,125,314
22	$12,663,766	-$4,645,924 -$538,210	$7,479,632
23	$13,296,758	-$4,880,131 -$565,112	$7,851,515
24	$13,961,762	-$5,126,182 -$593,375	$8,242,205
25	$14,659,684	-$5,384,413 -$623,037	$8,652,234
26	$15,392,940	-$5,655,718 -$654,200	$9,083,022
27	$16,162,436	-$5,940,432 -$686,904	$9,535,100
28	$16,970,588	-$6,239,448 -$721,250	$10,009,890
29	$17,819,208	-$6,553,437 -$757,316	$10,508,455
30	$18,710,108	-$6,883,070 -$795,180	$11,031,858