The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Michigan residents, the state will deduct 4.25% from your lottery earnings.
| Michigan MEGA Millions Jackpot/Cash Option for Tue Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(4.25%) | $12,924,250 | | Net Lumpsum Payment | $178,698,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$415,784 |
$5,787,270 |
| 2 |
$10,272,600 |
$3,761,192
$436,586 |
$6,074,822 |
| 3 |
$10,786,100 |
$3,951,187
$458,409 |
$6,376,504 |
| 4 |
$11,325,600 |
$4,150,802
$481,338 |
$6,693,460 |
| 5 |
$11,891,750 |
$4,360,278
$505,399 |
$7,026,073 |
| 6 |
$12,486,500 |
$4,580,335
$530,676 |
$7,375,489 |
| 7 |
$13,110,500 |
$4,811,215
$557,196 |
$7,742,089 |
| 8 |
$13,766,350 |
$5,053,880
$585,070 |
$8,127,400 |
| 9 |
$14,454,700 |
$5,308,569
$614,325 |
$8,531,806 |
| 10 |
$15,177,500 |
$5,576,005
$645,044 |
$8,956,451 |
| 11 |
$15,936,050 |
$5,856,669
$677,282 |
$9,402,099 |
| 12 |
$16,732,950 |
$6,151,522
$711,150 |
$9,870,278 |
| 13 |
$17,569,500 |
$6,461,045
$746,704 |
$10,361,751 |
| 14 |
$18,448,300 |
$6,786,201
$784,053 |
$10,878,046 |
| 15 |
$19,370,650 |
$7,127,471
$823,253 |
$11,419,926 |
| 16 |
$20,339,150 |
$7,485,816
$864,414 |
$11,988,920 |
| 17 |
$21,355,750 |
$7,861,958
$907,619 |
$12,586,173 |
| 18 |
$22,423,700 |
$8,257,099
$953,007 |
$13,213,594 |
| 19 |
$23,544,950 |
$8,671,962
$1,000,660 |
$13,872,328 |
| 20 |
$24,722,100 |
$9,107,507
$1,050,689 |
$14,563,904 |
| 21 |
$25,958,400 |
$9,564,938
$1,103,232 |
$15,290,230 |
| 22 |
$27,256,450 |
$10,045,217
$1,158,399 |
$16,052,834 |
| 23 |
$28,618,850 |
$10,549,305
$1,216,301 |
$16,853,244 |
| 24 |
$30,050,150 |
$11,078,886
$1,277,131 |
$17,694,133 |
| 25 |
$31,552,300 |
$11,634,681
$1,340,973 |
$18,576,646 |
| 26 |
$33,130,500 |
$12,218,615
$1,408,046 |
$19,503,839 |
| 27 |
$34,786,700 |
$12,831,409
$1,478,435 |
$20,476,856 |
| 28 |
$36,526,100 |
$13,474,987
$1,552,359 |
$21,498,754 |
| 29 |
$38,352,600 |
$14,150,792
$1,629,986 |
$22,571,822 |
| 30 |
$40,270,100 |
$14,860,267
$1,711,479 |
$23,698,354 |
|
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