The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(4.25%) | $3,825,000 | | Net Lumpsum Payment | $52,914,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$129,213 |
$1,825,847 |
| 2 |
$3,192,408 |
$1,141,521
$135,677 |
$1,915,210 |
| 3 |
$3,351,988 |
$1,200,566
$142,459 |
$2,008,963 |
| 4 |
$3,519,648 |
$1,262,600
$149,585 |
$2,107,463 |
| 5 |
$3,695,590 |
$1,327,699
$157,063 |
$2,210,828 |
| 6 |
$3,880,420 |
$1,396,086
$164,918 |
$2,319,416 |
| 7 |
$4,074,340 |
$1,467,836
$173,159 |
$2,433,345 |
| 8 |
$4,278,158 |
$1,543,249
$181,822 |
$2,553,087 |
| 9 |
$4,492,076 |
$1,622,399
$190,913 |
$2,678,764 |
| 10 |
$4,716,700 |
$1,705,509
$200,460 |
$2,810,731 |
| 11 |
$4,952,434 |
$1,792,731
$210,478 |
$2,949,225 |
| 12 |
$5,200,086 |
$1,884,362
$221,004 |
$3,094,720 |
| 13 |
$5,460,060 |
$1,980,553
$232,053 |
$3,247,454 |
| 14 |
$5,733,164 |
$2,081,601
$243,659 |
$3,407,904 |
| 15 |
$6,019,802 |
$2,187,657
$255,842 |
$3,576,303 |
| 16 |
$6,320,782 |
$2,299,020
$268,633 |
$3,753,129 |
| 17 |
$6,636,710 |
$2,415,913
$282,060 |
$3,938,737 |
| 18 |
$6,968,596 |
$2,538,711
$296,165 |
$4,133,720 |
| 19 |
$7,317,046 |
$2,667,637
$310,974 |
$4,338,435 |
| 20 |
$7,682,868 |
$2,802,992
$326,522 |
$4,553,354 |
| 21 |
$8,067,072 |
$2,945,147
$342,851 |
$4,779,074 |
| 22 |
$8,470,466 |
$3,094,403
$359,995 |
$5,016,068 |
| 23 |
$8,893,858 |
$3,251,058
$377,989 |
$5,264,811 |
| 24 |
$9,338,662 |
$3,415,635
$396,893 |
$5,526,134 |
| 25 |
$9,805,484 |
$3,588,359
$416,733 |
$5,800,392 |
| 26 |
$10,295,940 |
$3,769,828
$437,577 |
$6,088,535 |
| 27 |
$10,810,636 |
$3,960,266
$459,452 |
$6,390,918 |
| 28 |
$11,351,188 |
$4,160,270
$482,425 |
$6,708,493 |
| 29 |
$11,918,808 |
$4,370,289
$506,549 |
$7,041,970 |
| 30 |
$12,514,708 |
$4,590,772
$531,875 |
$7,392,061 |
|
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