The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(4.25%) | $8,351,250 | | Net Lumpsum Payment | $115,483,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$270,579 |
$3,780,032 |
| 2 |
$6,685,092 |
$2,433,814
$284,116 |
$3,967,162 |
| 3 |
$7,019,262 |
$2,557,457
$298,319 |
$4,163,486 |
| 4 |
$7,370,352 |
$2,687,361
$313,240 |
$4,369,751 |
| 5 |
$7,738,785 |
$2,823,681
$328,898 |
$4,586,206 |
| 6 |
$8,125,830 |
$2,966,887
$345,348 |
$4,813,595 |
| 7 |
$8,531,910 |
$3,117,137
$362,606 |
$5,052,167 |
| 8 |
$8,958,717 |
$3,275,056
$380,745 |
$5,302,916 |
| 9 |
$9,406,674 |
$3,440,800
$399,784 |
$5,566,090 |
| 10 |
$9,877,050 |
$3,614,839
$419,775 |
$5,842,436 |
| 11 |
$10,370,691 |
$3,797,486
$440,754 |
$6,132,451 |
| 12 |
$10,889,289 |
$3,989,367
$462,795 |
$6,437,127 |
| 13 |
$11,433,690 |
$4,190,796
$485,932 |
$6,756,962 |
| 14 |
$12,005,586 |
$4,402,397
$510,237 |
$7,092,952 |
| 15 |
$12,605,823 |
$4,624,485
$535,747 |
$7,445,591 |
| 16 |
$13,236,093 |
$4,857,685
$562,534 |
$7,815,874 |
| 17 |
$13,897,665 |
$5,102,466
$590,651 |
$8,204,548 |
| 18 |
$14,592,654 |
$5,359,612
$620,188 |
$8,612,854 |
| 19 |
$15,322,329 |
$5,629,592
$651,199 |
$9,041,538 |
| 20 |
$16,088,382 |
$5,913,032
$683,756 |
$9,491,594 |
| 21 |
$16,892,928 |
$6,210,714
$717,949 |
$9,964,265 |
| 22 |
$17,737,659 |
$6,523,264
$753,851 |
$10,460,544 |
| 23 |
$18,624,267 |
$6,851,309
$791,531 |
$10,981,427 |
| 24 |
$19,555,713 |
$7,195,944
$831,118 |
$11,528,651 |
| 25 |
$20,533,266 |
$7,557,639
$872,664 |
$12,102,963 |
| 26 |
$21,560,310 |
$7,937,645
$916,313 |
$12,706,352 |
| 27 |
$22,638,114 |
$8,336,433
$962,120 |
$13,339,561 |
| 28 |
$23,770,062 |
$8,755,253
$1,010,228 |
$14,004,581 |
| 29 |
$24,958,692 |
$9,195,046
$1,060,744 |
$14,702,902 |
| 30 |
$26,206,542 |
$9,656,751
$1,113,778 |
$15,436,013 |
|
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