The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(4.25%) | $7,896,500 | | Net Lumpsum Payment | $109,197,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$255,867 |
$3,576,655 |
| 2 |
$6,321,600 |
$2,299,322
$268,668 |
$3,753,610 |
| 3 |
$6,637,600 |
$2,416,242
$282,098 |
$3,939,260 |
| 4 |
$6,969,600 |
$2,539,082
$296,208 |
$4,134,310 |
| 5 |
$7,318,000 |
$2,667,990
$311,015 |
$4,338,995 |
| 6 |
$7,684,000 |
$2,803,410
$326,570 |
$4,554,020 |
| 7 |
$8,068,000 |
$2,945,490
$342,890 |
$4,779,620 |
| 8 |
$8,471,600 |
$3,094,822
$360,043 |
$5,016,735 |
| 9 |
$8,895,200 |
$3,251,554
$378,046 |
$5,265,600 |
| 10 |
$9,340,000 |
$3,416,130
$396,950 |
$5,526,920 |
| 11 |
$9,806,800 |
$3,588,846
$416,789 |
$5,801,165 |
| 12 |
$10,297,200 |
$3,770,294
$437,631 |
$6,089,275 |
| 13 |
$10,812,000 |
$3,960,770
$459,510 |
$6,391,720 |
| 14 |
$11,352,800 |
$4,160,866
$482,494 |
$6,709,440 |
| 15 |
$11,920,400 |
$4,370,878
$506,617 |
$7,042,905 |
| 16 |
$12,516,400 |
$4,591,398
$531,947 |
$7,393,055 |
| 17 |
$13,142,000 |
$4,822,870
$558,535 |
$7,760,595 |
| 18 |
$13,799,200 |
$5,066,034
$586,466 |
$8,146,700 |
| 19 |
$14,489,200 |
$5,321,334
$615,791 |
$8,552,075 |
| 20 |
$15,213,600 |
$5,589,362
$646,578 |
$8,977,660 |
| 21 |
$15,974,400 |
$5,870,858
$678,912 |
$9,424,630 |
| 22 |
$16,773,200 |
$6,166,414
$712,861 |
$9,893,925 |
| 23 |
$17,611,600 |
$6,476,622
$748,493 |
$10,386,485 |
| 24 |
$18,492,400 |
$6,802,518
$785,927 |
$10,903,955 |
| 25 |
$19,416,800 |
$7,144,546
$825,214 |
$11,447,040 |
| 26 |
$20,388,000 |
$7,503,890
$866,490 |
$12,017,620 |
| 27 |
$21,407,200 |
$7,880,994
$909,806 |
$12,616,400 |
| 28 |
$22,477,600 |
$8,277,042
$955,298 |
$13,245,260 |
| 29 |
$23,601,600 |
$8,692,922
$1,003,068 |
$13,905,610 |
| 30 |
$24,781,600 |
$9,129,522
$1,053,218 |
$14,598,860 |
|
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