The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(4.25%) | $6,430,250 | | Net Lumpsum Payment | $88,928,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$214,928 |
$3,010,737 |
| 2 |
$5,310,144 |
$1,925,084
$225,681 |
$3,159,379 |
| 3 |
$5,575,584 |
$2,023,296
$236,962 |
$3,315,326 |
| 4 |
$5,854,464 |
$2,126,482
$248,815 |
$3,479,167 |
| 5 |
$6,147,120 |
$2,234,765
$261,253 |
$3,651,102 |
| 6 |
$6,454,560 |
$2,348,518
$274,319 |
$3,831,723 |
| 7 |
$6,777,120 |
$2,467,865
$288,028 |
$4,021,227 |
| 8 |
$7,116,144 |
$2,593,304
$302,436 |
$4,220,404 |
| 9 |
$7,471,968 |
$2,724,959
$317,559 |
$4,429,450 |
| 10 |
$7,845,600 |
$2,863,202
$333,438 |
$4,648,960 |
| 11 |
$8,237,712 |
$3,008,284
$350,103 |
$4,879,325 |
| 12 |
$8,649,648 |
$3,160,700
$367,610 |
$5,121,338 |
| 13 |
$9,082,080 |
$3,320,700
$385,988 |
$5,375,392 |
| 14 |
$9,536,352 |
$3,488,781
$405,295 |
$5,642,276 |
| 15 |
$10,013,136 |
$3,665,191
$425,558 |
$5,922,387 |
| 16 |
$10,513,776 |
$3,850,428
$446,835 |
$6,216,513 |
| 17 |
$11,039,280 |
$4,044,864
$469,169 |
$6,525,247 |
| 18 |
$11,591,328 |
$4,249,122
$492,631 |
$6,849,575 |
| 19 |
$12,170,928 |
$4,463,574
$517,264 |
$7,190,090 |
| 20 |
$12,779,424 |
$4,688,717
$543,126 |
$7,547,581 |
| 21 |
$13,418,496 |
$4,925,174
$570,286 |
$7,923,036 |
| 22 |
$14,089,488 |
$5,173,441
$598,803 |
$8,317,244 |
| 23 |
$14,793,744 |
$5,434,016
$628,734 |
$8,730,994 |
| 24 |
$15,533,616 |
$5,707,768
$660,179 |
$9,165,669 |
| 25 |
$16,310,112 |
$5,995,072
$693,180 |
$9,621,860 |
| 26 |
$17,125,920 |
$6,296,921
$727,852 |
$10,101,147 |
| 27 |
$17,982,048 |
$6,613,688
$764,237 |
$10,604,123 |
| 28 |
$18,881,184 |
$6,946,368
$802,450 |
$11,132,366 |
| 29 |
$19,825,344 |
$7,295,708
$842,577 |
$11,687,059 |
| 30 |
$20,816,544 |
$7,662,452
$884,703 |
$12,269,389 |
|
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