The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(4.25%) | $5,797,000 | | Net Lumpsum Payment | $80,174,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$198,937 |
$2,789,675 |
| 2 |
$4,915,044 |
$1,778,897
$208,889 |
$2,927,258 |
| 3 |
$5,160,734 |
$1,869,802
$219,331 |
$3,071,601 |
| 4 |
$5,418,864 |
$1,965,310
$230,302 |
$3,223,252 |
| 5 |
$5,689,745 |
$2,065,536
$241,814 |
$3,382,395 |
| 6 |
$5,974,310 |
$2,170,825
$253,908 |
$3,549,577 |
| 7 |
$6,272,870 |
$2,281,292
$266,597 |
$3,724,981 |
| 8 |
$6,586,669 |
$2,397,398
$279,933 |
$3,909,338 |
| 9 |
$6,916,018 |
$2,519,257
$293,931 |
$4,102,830 |
| 10 |
$7,261,850 |
$2,647,215
$308,629 |
$4,306,006 |
| 11 |
$7,624,787 |
$2,781,502
$324,053 |
$4,519,232 |
| 12 |
$8,006,073 |
$2,922,577
$340,258 |
$4,743,238 |
| 13 |
$8,406,330 |
$3,070,672
$357,269 |
$4,978,389 |
| 14 |
$8,826,802 |
$3,226,247
$375,139 |
$5,225,416 |
| 15 |
$9,268,111 |
$3,389,531
$393,895 |
$5,484,685 |
| 16 |
$9,731,501 |
$3,560,986
$413,589 |
$5,756,926 |
| 17 |
$10,217,905 |
$3,740,955
$434,261 |
$6,042,689 |
| 18 |
$10,728,878 |
$3,930,015
$455,977 |
$6,342,886 |
| 19 |
$11,265,353 |
$4,128,511
$478,778 |
$6,658,064 |
| 20 |
$11,828,574 |
$4,336,903
$502,714 |
$6,988,957 |
| 21 |
$12,420,096 |
$4,555,766
$527,854 |
$7,336,476 |
| 22 |
$13,041,163 |
$4,785,561
$554,249 |
$7,701,353 |
| 23 |
$13,693,019 |
$5,026,747
$581,953 |
$8,084,319 |
| 24 |
$14,377,841 |
$5,280,132
$611,058 |
$8,486,651 |
| 25 |
$15,096,562 |
$5,546,058
$641,604 |
$8,908,900 |
| 26 |
$15,851,670 |
$5,825,448
$673,696 |
$9,352,526 |
| 27 |
$16,644,098 |
$6,118,647
$707,374 |
$9,818,077 |
| 28 |
$17,476,334 |
$6,426,574
$742,744 |
$10,307,016 |
| 29 |
$18,350,244 |
$6,749,921
$779,885 |
$10,820,438 |
| 30 |
$19,267,694 |
$7,089,377
$818,877 |
$11,359,440 |
|
|
