The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(4.25%) | $4,398,750 | | Net Lumpsum Payment | $60,845,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$156,079 |
$2,197,230 |
| 2 |
$3,856,176 |
$1,387,116
$163,887 |
$2,305,173 |
| 3 |
$4,048,936 |
$1,458,437
$172,080 |
$2,418,419 |
| 4 |
$4,251,456 |
$1,533,369
$180,687 |
$2,537,400 |
| 5 |
$4,463,980 |
$1,612,003
$189,719 |
$2,662,258 |
| 6 |
$4,687,240 |
$1,694,609
$199,208 |
$2,793,423 |
| 7 |
$4,921,480 |
$1,781,278
$209,163 |
$2,931,039 |
| 8 |
$5,167,676 |
$1,872,371
$219,626 |
$3,075,679 |
| 9 |
$5,426,072 |
$1,967,977
$230,608 |
$3,227,487 |
| 10 |
$5,697,400 |
$2,068,368
$242,140 |
$3,386,892 |
| 11 |
$5,982,148 |
$2,173,725
$254,241 |
$3,554,182 |
| 12 |
$6,281,292 |
$2,284,408
$266,955 |
$3,729,929 |
| 13 |
$6,595,320 |
$2,400,599
$280,301 |
$3,914,420 |
| 14 |
$6,925,208 |
$2,522,657
$294,321 |
$4,108,230 |
| 15 |
$7,271,444 |
$2,650,765
$309,036 |
$4,311,643 |
| 16 |
$7,635,004 |
$2,785,282
$324,488 |
$4,525,234 |
| 17 |
$8,016,620 |
$2,926,480
$340,706 |
$4,749,434 |
| 18 |
$8,417,512 |
$3,074,810
$357,744 |
$4,984,958 |
| 19 |
$8,838,412 |
$3,230,543
$375,633 |
$5,232,236 |
| 20 |
$9,280,296 |
$3,394,040
$394,413 |
$5,491,843 |
| 21 |
$9,744,384 |
$3,565,752
$414,136 |
$5,764,496 |
| 22 |
$10,231,652 |
$3,746,042
$434,845 |
$6,050,765 |
| 23 |
$10,743,076 |
$3,935,269
$456,581 |
$6,351,226 |
| 24 |
$11,280,364 |
$4,134,065
$479,415 |
$6,666,884 |
| 25 |
$11,844,248 |
$4,342,702
$503,381 |
$6,998,165 |
| 26 |
$12,436,680 |
$4,561,902
$528,559 |
$7,346,219 |
| 27 |
$13,058,392 |
$4,791,935
$554,982 |
$7,711,475 |
| 28 |
$13,711,336 |
$5,033,525
$582,732 |
$8,095,079 |
| 29 |
$14,396,976 |
$5,287,212
$611,871 |
$8,497,893 |
| 30 |
$15,116,776 |
$5,553,538
$642,463 |
$8,920,775 |
|
|
