The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(4.25%) | $2,928,250 | | Net Lumpsum Payment | $40,518,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$102,347 |
$1,454,463 |
| 2 |
$2,528,640 |
$895,927
$107,467 |
$1,525,246 |
| 3 |
$2,655,040 |
$942,695
$112,839 |
$1,599,506 |
| 4 |
$2,787,840 |
$991,831
$118,483 |
$1,677,526 |
| 5 |
$2,927,200 |
$1,043,394
$124,406 |
$1,759,400 |
| 6 |
$3,073,600 |
$1,097,562
$130,628 |
$1,845,410 |
| 7 |
$3,227,200 |
$1,154,394
$137,156 |
$1,935,650 |
| 8 |
$3,388,640 |
$1,214,127
$144,017 |
$2,030,496 |
| 9 |
$3,558,080 |
$1,276,820
$151,218 |
$2,130,042 |
| 10 |
$3,736,000 |
$1,342,650
$158,780 |
$2,234,570 |
| 11 |
$3,922,720 |
$1,411,737
$166,716 |
$2,344,267 |
| 12 |
$4,118,880 |
$1,484,316
$175,052 |
$2,459,512 |
| 13 |
$4,324,800 |
$1,560,506
$183,804 |
$2,580,490 |
| 14 |
$4,541,120 |
$1,640,545
$192,998 |
$2,707,577 |
| 15 |
$4,768,160 |
$1,724,550
$202,647 |
$2,840,963 |
| 16 |
$5,006,560 |
$1,812,758
$212,779 |
$2,981,023 |
| 17 |
$5,256,800 |
$1,905,346
$223,414 |
$3,128,040 |
| 18 |
$5,519,680 |
$2,002,612
$234,586 |
$3,282,482 |
| 19 |
$5,795,680 |
$2,104,732
$246,316 |
$3,444,632 |
| 20 |
$6,085,440 |
$2,211,943
$258,631 |
$3,614,866 |
| 21 |
$6,389,760 |
$2,324,542
$271,565 |
$3,793,653 |
| 22 |
$6,709,280 |
$2,442,764
$285,144 |
$3,981,372 |
| 23 |
$7,044,640 |
$2,566,847
$299,397 |
$4,178,396 |
| 24 |
$7,396,960 |
$2,697,206
$314,371 |
$4,385,383 |
| 25 |
$7,766,720 |
$2,834,017
$330,086 |
$4,602,617 |
| 26 |
$8,155,200 |
$2,977,754
$346,596 |
$4,830,850 |
| 27 |
$8,562,880 |
$3,128,596
$363,922 |
$5,070,362 |
| 28 |
$8,991,040 |
$3,287,015
$382,119 |
$5,321,906 |
| 29 |
$9,440,640 |
$3,453,367
$401,227 |
$5,586,046 |
| 30 |
$9,912,640 |
$3,628,007
$421,287 |
$5,863,346 |
|
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