The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(4.25%) | $11,781,000 | | Net Lumpsum Payment | $162,894,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$383,801 |
$5,345,147 |
| 2 |
$9,482,400 |
$3,468,818
$403,002 |
$5,610,580 |
| 3 |
$9,956,400 |
$3,644,198
$423,147 |
$5,889,055 |
| 4 |
$10,454,400 |
$3,828,458
$444,312 |
$6,181,630 |
| 5 |
$10,977,000 |
$4,021,820
$466,523 |
$6,488,657 |
| 6 |
$11,526,000 |
$4,224,950
$489,855 |
$6,811,195 |
| 7 |
$12,102,000 |
$4,438,070
$514,335 |
$7,149,595 |
| 8 |
$12,707,400 |
$4,662,068
$540,065 |
$7,505,267 |
| 9 |
$13,342,800 |
$4,897,166
$567,069 |
$7,878,565 |
| 10 |
$14,010,000 |
$5,144,030
$595,425 |
$8,270,545 |
| 11 |
$14,710,200 |
$5,403,104
$625,184 |
$8,681,912 |
| 12 |
$15,445,800 |
$5,675,276
$656,447 |
$9,114,077 |
| 13 |
$16,218,000 |
$5,960,990
$689,265 |
$9,567,745 |
| 14 |
$17,029,200 |
$6,261,134
$723,741 |
$10,044,325 |
| 15 |
$17,880,600 |
$6,576,152
$759,926 |
$10,544,522 |
| 16 |
$18,774,600 |
$6,906,932
$797,921 |
$11,069,747 |
| 17 |
$19,713,000 |
$7,254,140
$837,803 |
$11,621,057 |
| 18 |
$20,698,800 |
$7,618,886
$879,699 |
$12,200,215 |
| 19 |
$21,733,800 |
$8,001,836
$923,687 |
$12,808,277 |
| 20 |
$22,820,400 |
$8,403,878
$969,867 |
$13,446,655 |
| 21 |
$23,961,600 |
$8,826,122
$1,018,368 |
$14,117,110 |
| 22 |
$25,159,800 |
$9,269,456
$1,069,292 |
$14,821,052 |
| 23 |
$26,417,400 |
$9,734,768
$1,122,740 |
$15,559,892 |
| 24 |
$27,738,600 |
$10,223,612
$1,178,891 |
$16,336,097 |
| 25 |
$29,125,200 |
$10,736,654
$1,237,821 |
$17,150,725 |
| 26 |
$30,582,000 |
$11,275,670
$1,299,735 |
$18,006,595 |
| 27 |
$32,110,800 |
$11,841,326
$1,364,709 |
$18,904,765 |
| 28 |
$33,716,400 |
$12,435,398
$1,432,947 |
$19,848,055 |
| 29 |
$35,402,400 |
$13,059,218
$1,504,602 |
$20,838,580 |
| 30 |
$37,172,400 |
$13,714,118
$1,579,827 |
$21,878,455 |
|
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