The jackpot for the MEGA Millions draw on Tue Feb 10, 2026, is projected to be $366 Million, with an option for a cash payout of $165.6 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 Feb 10, 2026 |
|---|
| Draw Date | Tue Feb 10, 2026 | | Projected Jackpot | $366,000,000 | | Cash Value | $165,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,600,000 | | Federal Tax(24%) | $39,744,000 | | Additional Federal Tax | $21,488,330 | | State Tax(4.25%) | $7,038,000 | | Net Lumpsum Payment | $97,329,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,508,666 |
$1,998,537
$234,118 |
$3,276,011 |
| 2 |
$5,784,264 |
$2,100,508
$245,831 |
$3,437,925 |
| 3 |
$6,073,404 |
$2,207,490
$258,120 |
$3,607,794 |
| 4 |
$6,377,184 |
$2,319,888
$271,030 |
$3,786,266 |
| 5 |
$6,695,970 |
$2,437,839
$284,579 |
$3,973,552 |
| 6 |
$7,030,860 |
$2,561,749
$298,812 |
$4,170,299 |
| 7 |
$7,382,220 |
$2,691,752
$313,744 |
$4,376,724 |
| 8 |
$7,751,514 |
$2,828,391
$329,439 |
$4,593,684 |
| 9 |
$8,139,108 |
$2,971,800
$345,912 |
$4,821,396 |
| 10 |
$8,546,100 |
$3,122,387
$363,209 |
$5,060,504 |
| 11 |
$8,973,222 |
$3,280,423
$381,362 |
$5,311,437 |
| 12 |
$9,421,938 |
$3,446,447
$400,432 |
$5,575,059 |
| 13 |
$9,892,980 |
$3,620,733
$420,452 |
$5,851,795 |
| 14 |
$10,387,812 |
$3,803,821
$441,482 |
$6,142,509 |
| 15 |
$10,907,166 |
$3,995,982
$463,555 |
$6,447,629 |
| 16 |
$11,452,506 |
$4,197,758
$486,732 |
$6,768,016 |
| 17 |
$12,024,930 |
$4,409,554
$511,060 |
$7,104,316 |
| 18 |
$12,626,268 |
$4,632,050
$536,616 |
$7,457,602 |
| 19 |
$13,257,618 |
$4,865,649
$563,449 |
$7,828,520 |
| 20 |
$13,920,444 |
$5,110,895
$591,619 |
$8,217,930 |
| 21 |
$14,616,576 |
$5,368,464
$621,204 |
$8,626,908 |
| 22 |
$15,347,478 |
$5,638,897
$652,268 |
$9,056,313 |
| 23 |
$16,114,614 |
$5,922,738
$684,871 |
$9,507,005 |
| 24 |
$16,920,546 |
$6,220,932
$719,123 |
$9,980,491 |
| 25 |
$17,766,372 |
$6,533,888
$755,071 |
$10,477,413 |
| 26 |
$18,655,020 |
$6,862,688
$792,838 |
$10,999,494 |
| 27 |
$19,587,588 |
$7,207,738
$832,472 |
$11,547,378 |
| 28 |
$20,567,004 |
$7,570,122
$874,098 |
$12,122,784 |
| 29 |
$21,595,464 |
$7,950,652
$917,807 |
$12,727,005 |
| 30 |
$22,675,164 |
$8,350,141
$963,694 |
$13,361,329 |
|
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