The jackpot for the MEGA Millions draw on Tue Dec 2, 2025, is projected to be $90 Million, with an option for a cash payout of $41.9 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 Dec 2, 2025 |
|---|
| Draw Date | Tue Dec 2, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $41,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $41,900,000 | | Federal Tax(24%) | $10,056,000 | | Additional Federal Tax | $5,407,330 | | State Tax(4.25%) | $1,780,750 | | Net Lumpsum Payment | $24,655,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$57,570 |
$835,491 |
| 2 |
$1,422,360 |
$486,604
$60,450 |
$875,306 |
| 3 |
$1,493,460 |
$512,911
$63,472 |
$917,077 |
| 4 |
$1,568,160 |
$540,550
$66,647 |
$960,963 |
| 5 |
$1,646,550 |
$569,554
$69,978 |
$1,007,018 |
| 6 |
$1,728,900 |
$600,023
$73,478 |
$1,055,399 |
| 7 |
$1,815,300 |
$631,991
$77,150 |
$1,106,159 |
| 8 |
$1,906,110 |
$665,591
$81,010 |
$1,159,509 |
| 9 |
$2,001,420 |
$700,856
$85,060 |
$1,215,504 |
| 10 |
$2,101,500 |
$737,885
$89,314 |
$1,274,301 |
| 11 |
$2,206,530 |
$776,746
$93,778 |
$1,336,006 |
| 12 |
$2,316,870 |
$817,572
$98,467 |
$1,400,831 |
| 13 |
$2,432,700 |
$860,429
$103,390 |
$1,468,881 |
| 14 |
$2,554,380 |
$905,451
$108,561 |
$1,540,368 |
| 15 |
$2,682,090 |
$952,704
$113,989 |
$1,615,397 |
| 16 |
$2,816,190 |
$1,002,321
$119,688 |
$1,694,181 |
| 17 |
$2,956,950 |
$1,054,402
$125,670 |
$1,776,878 |
| 18 |
$3,104,820 |
$1,109,114
$131,955 |
$1,863,751 |
| 19 |
$3,260,070 |
$1,166,556
$138,553 |
$1,954,961 |
| 20 |
$3,423,060 |
$1,226,863
$145,480 |
$2,050,717 |
| 21 |
$3,594,240 |
$1,290,199
$152,755 |
$2,151,286 |
| 22 |
$3,773,970 |
$1,356,699
$160,394 |
$2,256,877 |
| 23 |
$3,962,610 |
$1,426,496
$168,411 |
$2,367,703 |
| 24 |
$4,160,790 |
$1,499,823
$176,834 |
$2,484,133 |
| 25 |
$4,368,780 |
$1,576,779
$185,673 |
$2,606,328 |
| 26 |
$4,587,300 |
$1,657,631
$194,960 |
$2,734,709 |
| 27 |
$4,816,620 |
$1,742,480
$204,706 |
$2,869,434 |
| 28 |
$5,057,460 |
$1,831,591
$214,942 |
$3,010,927 |
| 29 |
$5,310,360 |
$1,925,164
$225,690 |
$3,159,506 |
| 30 |
$5,575,860 |
$2,023,399
$236,974 |
$3,315,487 |
|
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