Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(4.25%)	$11,781,000
Net Lumpsum Payment	$162,894,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$383,801	$5,345,147
2	$9,482,400	-$3,468,818 -$403,002	$5,610,580
3	$9,956,400	-$3,644,198 -$423,147	$5,889,055
4	$10,454,400	-$3,828,458 -$444,312	$6,181,630
5	$10,977,000	-$4,021,820 -$466,523	$6,488,657
6	$11,526,000	-$4,224,950 -$489,855	$6,811,195
7	$12,102,000	-$4,438,070 -$514,335	$7,149,595
8	$12,707,400	-$4,662,068 -$540,065	$7,505,267
9	$13,342,800	-$4,897,166 -$567,069	$7,878,565
10	$14,010,000	-$5,144,030 -$595,425	$8,270,545
11	$14,710,200	-$5,403,104 -$625,184	$8,681,912
12	$15,445,800	-$5,675,276 -$656,447	$9,114,077
13	$16,218,000	-$5,960,990 -$689,265	$9,567,745
14	$17,029,200	-$6,261,134 -$723,741	$10,044,325
15	$17,880,600	-$6,576,152 -$759,926	$10,544,522
16	$18,774,600	-$6,906,932 -$797,921	$11,069,747
17	$19,713,000	-$7,254,140 -$837,803	$11,621,057
18	$20,698,800	-$7,618,886 -$879,699	$12,200,215
19	$21,733,800	-$8,001,836 -$923,687	$12,808,277
20	$22,820,400	-$8,403,878 -$969,867	$13,446,655
21	$23,961,600	-$8,826,122 -$1,018,368	$14,117,110
22	$25,159,800	-$9,269,456 -$1,069,292	$14,821,052
23	$26,417,400	-$9,734,768 -$1,122,740	$15,559,892
24	$27,738,600	-$10,223,612 -$1,178,891	$16,336,097
25	$29,125,200	-$10,736,654 -$1,237,821	$17,150,725
26	$30,582,000	-$11,275,670 -$1,299,735	$18,006,595
27	$32,110,800	-$11,841,326 -$1,364,709	$18,904,765
28	$33,716,400	-$12,435,398 -$1,432,947	$19,848,055
29	$35,402,400	-$13,059,218 -$1,504,602	$20,838,580
30	$37,172,400	-$13,714,118 -$1,579,827	$21,878,455