The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(4.25%) | $5,359,250 | | Net Lumpsum Payment | $74,123,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$179,107 |
$2,515,559 |
| 2 |
$4,425,120 |
$1,597,625
$188,068 |
$2,639,427 |
| 3 |
$4,646,320 |
$1,679,469
$197,469 |
$2,769,382 |
| 4 |
$4,878,720 |
$1,765,457
$207,346 |
$2,905,917 |
| 5 |
$5,122,600 |
$1,855,692
$217,711 |
$3,049,197 |
| 6 |
$5,378,800 |
$1,950,486
$228,599 |
$3,199,715 |
| 7 |
$5,647,600 |
$2,049,942
$240,023 |
$3,357,635 |
| 8 |
$5,930,120 |
$2,154,475
$252,030 |
$3,523,615 |
| 9 |
$6,226,640 |
$2,264,187
$264,632 |
$3,697,821 |
| 10 |
$6,538,000 |
$2,379,390
$277,865 |
$3,880,745 |
| 11 |
$6,864,760 |
$2,500,292
$291,752 |
$4,072,716 |
| 12 |
$7,208,040 |
$2,627,305
$306,342 |
$4,274,393 |
| 13 |
$7,568,400 |
$2,760,638
$321,657 |
$4,486,105 |
| 14 |
$7,946,960 |
$2,900,706
$337,746 |
$4,708,508 |
| 15 |
$8,344,280 |
$3,047,714
$354,632 |
$4,941,934 |
| 16 |
$8,761,480 |
$3,202,078
$372,363 |
$5,187,039 |
| 17 |
$9,199,400 |
$3,364,108
$390,975 |
$5,444,317 |
| 18 |
$9,659,440 |
$3,534,323
$410,526 |
$5,714,591 |
| 19 |
$10,142,440 |
$3,713,033
$431,054 |
$5,998,353 |
| 20 |
$10,649,520 |
$3,900,653
$452,605 |
$6,296,262 |
| 21 |
$11,182,080 |
$4,097,700
$475,238 |
$6,609,142 |
| 22 |
$11,741,240 |
$4,304,589
$499,003 |
$6,937,648 |
| 23 |
$12,328,120 |
$4,521,735
$523,945 |
$7,282,440 |
| 24 |
$12,944,680 |
$4,749,862
$550,149 |
$7,644,669 |
| 25 |
$13,591,760 |
$4,989,282
$577,650 |
$8,024,828 |
| 26 |
$14,271,600 |
$5,240,822
$606,543 |
$8,424,235 |
| 27 |
$14,985,040 |
$5,504,795
$636,864 |
$8,843,381 |
| 28 |
$15,734,320 |
$5,782,029
$668,709 |
$9,283,582 |
| 29 |
$16,521,120 |
$6,073,145
$702,148 |
$9,745,827 |
| 30 |
$17,347,120 |
$6,378,765
$737,253 |
$10,231,102 |
|
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