Michigan Lottery

MILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(4.25%)	$3,480,750
Net Lumpsum Payment	$48,155,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$115,140	$1,631,313
2	$2,844,720	-$1,012,877 -$120,901	$1,710,942
3	$2,986,920	-$1,065,491 -$126,944	$1,794,485
4	$3,136,320	-$1,120,769 -$133,294	$1,882,257
5	$3,293,100	-$1,178,777 -$139,957	$1,974,366
6	$3,457,800	-$1,239,716 -$146,957	$2,071,127
7	$3,630,600	-$1,303,652 -$154,301	$2,172,647
8	$3,812,220	-$1,370,852 -$162,019	$2,279,349
9	$4,002,840	-$1,441,381 -$170,121	$2,391,338
10	$4,203,000	-$1,515,440 -$178,628	$2,508,932
11	$4,413,060	-$1,593,163 -$187,555	$2,632,342
12	$4,633,740	-$1,674,814 -$196,934	$2,761,992
13	$4,865,400	-$1,760,528 -$206,780	$2,898,092
14	$5,108,760	-$1,850,572 -$217,122	$3,041,066
15	$5,364,180	-$1,945,077 -$227,978	$3,191,125
16	$5,632,380	-$2,044,311 -$239,376	$3,348,693
17	$5,913,900	-$2,148,473 -$251,341	$3,514,086
18	$6,209,640	-$2,257,897 -$263,910	$3,687,833
19	$6,520,140	-$2,372,782 -$277,106	$3,870,252
20	$6,846,120	-$2,493,395 -$290,960	$4,061,765
21	$7,188,480	-$2,620,068 -$305,510	$4,262,902
22	$7,547,940	-$2,753,068 -$320,787	$4,474,085
23	$7,925,220	-$2,892,662 -$336,822	$4,695,736
24	$8,321,580	-$3,039,315 -$353,667	$4,928,598
25	$8,737,560	-$3,193,228 -$371,346	$5,172,986
26	$9,174,600	-$3,354,932 -$389,921	$5,429,747
27	$9,633,240	-$3,524,629 -$409,413	$5,699,198
28	$10,114,920	-$3,702,851 -$429,884	$5,982,185
29	$10,620,720	-$3,889,997 -$451,381	$6,279,342
30	$11,151,720	-$4,086,467 -$473,948	$6,591,305