The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4.25%) | $9,817,500 | | Net Lumpsum Payment | $135,752,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$326,870 |
$4,558,168 |
| 2 |
$8,075,844 |
$2,948,393
$343,223 |
$4,784,228 |
| 3 |
$8,479,534 |
$3,097,758
$360,380 |
$5,021,396 |
| 4 |
$8,903,664 |
$3,254,686
$378,406 |
$5,270,572 |
| 5 |
$9,348,745 |
$3,419,366
$397,322 |
$5,532,057 |
| 6 |
$9,816,310 |
$3,592,365
$417,193 |
$5,806,752 |
| 7 |
$10,306,870 |
$3,773,872
$438,042 |
$6,094,956 |
| 8 |
$10,822,469 |
$3,964,644
$459,955 |
$6,397,870 |
| 9 |
$11,363,618 |
$4,164,869
$482,954 |
$6,715,795 |
| 10 |
$11,931,850 |
$4,375,115
$507,104 |
$7,049,631 |
| 11 |
$12,528,187 |
$4,595,760
$532,448 |
$7,399,979 |
| 12 |
$13,154,673 |
$4,827,559
$559,074 |
$7,768,040 |
| 13 |
$13,812,330 |
$5,070,892
$587,024 |
$8,154,414 |
| 14 |
$14,503,202 |
$5,326,515
$616,386 |
$8,560,301 |
| 15 |
$15,228,311 |
$5,594,805
$647,203 |
$8,986,303 |
| 16 |
$15,989,701 |
$5,876,520
$679,562 |
$9,433,619 |
| 17 |
$16,788,905 |
$6,172,225
$713,528 |
$9,903,152 |
| 18 |
$17,628,478 |
$6,482,867
$749,210 |
$10,396,401 |
| 19 |
$18,509,953 |
$6,809,013
$786,673 |
$10,914,267 |
| 20 |
$19,435,374 |
$7,151,419
$826,003 |
$11,457,952 |
| 21 |
$20,407,296 |
$7,511,030
$867,310 |
$12,028,956 |
| 22 |
$21,427,763 |
$7,888,603
$910,680 |
$12,628,480 |
| 23 |
$22,498,819 |
$8,284,893
$956,200 |
$13,257,726 |
| 24 |
$23,624,041 |
$8,701,226
$1,004,022 |
$13,918,793 |
| 25 |
$24,804,962 |
$9,138,166
$1,054,211 |
$14,612,585 |
| 26 |
$26,045,670 |
$9,597,228
$1,106,941 |
$15,341,501 |
| 27 |
$27,347,698 |
$10,078,979
$1,162,277 |
$16,106,442 |
| 28 |
$28,715,134 |
$10,584,930
$1,220,393 |
$16,909,811 |
| 29 |
$30,151,044 |
$11,116,217
$1,281,419 |
$17,753,408 |
| 30 |
$31,658,494 |
$11,673,973
$1,345,486 |
$18,639,035 |
|
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