The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Oct 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(4.25%) | $12,274,000 | | Net Lumpsum Payment | $169,709,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$399,792 |
$5,566,209 |
| 2 |
$9,877,500 |
$3,615,005
$419,794 |
$5,842,701 |
| 3 |
$10,371,250 |
$3,797,693
$440,778 |
$6,132,779 |
| 4 |
$10,890,000 |
$3,989,630
$462,825 |
$6,437,545 |
| 5 |
$11,434,375 |
$4,191,049
$485,961 |
$6,757,365 |
| 6 |
$12,006,250 |
$4,402,643
$510,266 |
$7,093,341 |
| 7 |
$12,606,250 |
$4,624,643
$535,766 |
$7,445,841 |
| 8 |
$13,236,875 |
$4,857,974
$562,567 |
$7,816,334 |
| 9 |
$13,898,750 |
$5,102,868
$590,697 |
$8,205,185 |
| 10 |
$14,593,750 |
$5,360,018
$620,234 |
$8,613,498 |
| 11 |
$15,323,125 |
$5,629,887
$651,233 |
$9,042,005 |
| 12 |
$16,089,375 |
$5,913,399
$683,798 |
$9,492,178 |
| 13 |
$16,893,750 |
$6,211,018
$717,984 |
$9,964,748 |
| 14 |
$17,738,750 |
$6,523,668
$753,897 |
$10,461,185 |
| 15 |
$18,625,625 |
$6,851,812
$791,589 |
$10,982,224 |
| 16 |
$19,556,875 |
$7,196,374
$831,167 |
$11,529,334 |
| 17 |
$20,534,375 |
$7,558,049
$872,711 |
$12,103,615 |
| 18 |
$21,561,250 |
$7,937,993
$916,353 |
$12,706,904 |
| 19 |
$22,639,375 |
$8,336,899
$962,173 |
$13,340,303 |
| 20 |
$23,771,250 |
$8,755,693
$1,010,278 |
$14,005,279 |
| 21 |
$24,960,000 |
$9,195,530
$1,060,800 |
$14,703,670 |
| 22 |
$26,208,125 |
$9,657,337
$1,113,845 |
$15,436,943 |
| 23 |
$27,518,125 |
$10,142,037
$1,169,520 |
$16,206,568 |
| 24 |
$28,894,375 |
$10,651,249
$1,228,011 |
$17,015,115 |
| 25 |
$30,338,750 |
$11,185,668
$1,289,397 |
$17,863,685 |
| 26 |
$31,856,250 |
$11,747,143
$1,353,891 |
$18,755,216 |
| 27 |
$33,448,750 |
$12,336,368
$1,421,572 |
$19,690,810 |
| 28 |
$35,121,250 |
$12,955,193
$1,492,653 |
$20,673,404 |
| 29 |
$36,877,500 |
$13,605,005
$1,567,294 |
$21,705,201 |
| 30 |
$38,721,250 |
$14,287,193
$1,645,653 |
$22,788,404 |
|
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