The jackpot for the MEGA Millions draw on Tue Dec 23, 2025, is projected to be $100 Million, with an option for a cash payout of $45.5 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 Tue Dec 23, 2025 |
|---|
| Draw Date | Tue Dec 23, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,500,000 | | Federal Tax(24%) | $10,920,000 | | Additional Federal Tax | $5,875,330 | | State Tax(4.25%) | $1,933,750 | | Net Lumpsum Payment | $26,770,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$63,967 |
$923,916 |
| 2 |
$1,580,400 |
$545,078
$67,167 |
$968,155 |
| 3 |
$1,659,400 |
$574,308
$70,525 |
$1,014,567 |
| 4 |
$1,742,400 |
$605,018
$74,052 |
$1,063,330 |
| 5 |
$1,829,500 |
$637,245
$77,754 |
$1,114,501 |
| 6 |
$1,921,000 |
$671,100
$81,643 |
$1,168,257 |
| 7 |
$2,017,000 |
$706,620
$85,723 |
$1,224,657 |
| 8 |
$2,117,900 |
$743,953
$90,011 |
$1,283,936 |
| 9 |
$2,223,800 |
$783,136
$94,512 |
$1,346,152 |
| 10 |
$2,335,000 |
$824,280
$99,238 |
$1,411,482 |
| 11 |
$2,451,700 |
$867,459
$104,197 |
$1,480,044 |
| 12 |
$2,574,300 |
$912,821
$109,408 |
$1,552,071 |
| 13 |
$2,703,000 |
$960,440
$114,878 |
$1,627,682 |
| 14 |
$2,838,200 |
$1,010,464
$120,624 |
$1,707,112 |
| 15 |
$2,980,100 |
$1,062,967
$126,654 |
$1,790,479 |
| 16 |
$3,129,100 |
$1,118,097
$132,987 |
$1,878,016 |
| 17 |
$3,285,500 |
$1,175,965
$139,634 |
$1,969,901 |
| 18 |
$3,449,800 |
$1,236,756
$146,617 |
$2,066,427 |
| 19 |
$3,622,300 |
$1,300,581
$153,948 |
$2,167,771 |
| 20 |
$3,803,400 |
$1,367,588
$161,645 |
$2,274,167 |
| 21 |
$3,993,600 |
$1,437,962
$169,728 |
$2,385,910 |
| 22 |
$4,193,300 |
$1,511,851
$178,215 |
$2,503,234 |
| 23 |
$4,402,900 |
$1,589,403
$187,123 |
$2,626,374 |
| 24 |
$4,623,100 |
$1,670,877
$196,482 |
$2,755,741 |
| 25 |
$4,854,200 |
$1,756,384
$206,304 |
$2,891,512 |
| 26 |
$5,097,000 |
$1,846,220
$216,623 |
$3,034,157 |
| 27 |
$5,351,800 |
$1,940,496
$227,452 |
$3,183,852 |
| 28 |
$5,619,400 |
$2,039,508
$238,825 |
$3,341,067 |
| 29 |
$5,900,400 |
$2,143,478
$250,767 |
$3,506,155 |
| 30 |
$6,195,400 |
$2,252,628
$263,305 |
$3,679,467 |
|
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