The jackpot for the MEGA Millions draw on Tue Dec 30, 2025, is projected to be $138 Million, with an option for a cash payout of $63.3 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 Tue Dec 30, 2025 |
|---|
| Draw Date | Tue Dec 30, 2025 | | Projected Jackpot | $138,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(4.25%) | $2,690,250 | | Net Lumpsum Payment | $37,228,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,077,038 |
$728,834
$88,274 |
$1,259,930 |
| 2 |
$2,180,952 |
$767,283
$92,690 |
$1,320,979 |
| 3 |
$2,289,972 |
$807,620
$97,324 |
$1,385,028 |
| 4 |
$2,404,512 |
$850,000
$102,192 |
$1,452,320 |
| 5 |
$2,524,710 |
$894,473
$107,300 |
$1,522,937 |
| 6 |
$2,650,980 |
$941,193
$112,667 |
$1,597,120 |
| 7 |
$2,783,460 |
$990,211
$118,297 |
$1,674,952 |
| 8 |
$2,922,702 |
$1,041,730
$124,215 |
$1,756,757 |
| 9 |
$3,068,844 |
$1,095,803
$130,426 |
$1,842,615 |
| 10 |
$3,222,300 |
$1,152,581
$136,948 |
$1,932,771 |
| 11 |
$3,383,346 |
$1,212,168
$143,792 |
$2,027,386 |
| 12 |
$3,552,534 |
$1,274,768
$150,983 |
$2,126,783 |
| 13 |
$3,730,140 |
$1,340,482
$158,531 |
$2,231,127 |
| 14 |
$3,916,716 |
$1,409,515
$166,460 |
$2,340,741 |
| 15 |
$4,112,538 |
$1,481,969
$174,783 |
$2,455,786 |
| 16 |
$4,318,158 |
$1,558,049
$183,522 |
$2,576,587 |
| 17 |
$4,533,990 |
$1,637,907
$192,695 |
$2,703,388 |
| 18 |
$4,760,724 |
$1,721,798
$202,331 |
$2,836,595 |
| 19 |
$4,998,774 |
$1,809,877
$212,448 |
$2,976,449 |
| 20 |
$5,248,692 |
$1,902,346
$223,069 |
$3,123,277 |
| 21 |
$5,511,168 |
$1,999,463
$234,225 |
$3,277,480 |
| 22 |
$5,786,754 |
$2,101,429
$245,937 |
$3,439,388 |
| 23 |
$6,076,002 |
$2,208,451
$258,230 |
$3,609,321 |
| 24 |
$6,379,878 |
$2,320,885
$271,145 |
$3,787,848 |
| 25 |
$6,698,796 |
$2,438,885
$284,699 |
$3,975,212 |
| 26 |
$7,033,860 |
$2,562,859
$298,939 |
$4,172,062 |
| 27 |
$7,385,484 |
$2,692,959
$313,883 |
$4,378,642 |
| 28 |
$7,754,772 |
$2,829,596
$329,578 |
$4,595,598 |
| 29 |
$8,142,552 |
$2,973,075
$346,058 |
$4,823,419 |
| 30 |
$8,549,652 |
$3,123,702
$363,360 |
$5,062,590 |
|
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