The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(4.25%) | $2,099,500 | | Net Lumpsum Payment | $29,062,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$70,363 |
$1,012,341 |
| 2 |
$1,738,440 |
$603,553
$73,884 |
$1,061,003 |
| 3 |
$1,825,340 |
$635,706
$77,577 |
$1,112,057 |
| 4 |
$1,916,640 |
$669,487
$81,457 |
$1,165,696 |
| 5 |
$2,012,450 |
$704,937
$85,529 |
$1,221,984 |
| 6 |
$2,113,100 |
$742,177
$89,807 |
$1,281,116 |
| 7 |
$2,218,700 |
$781,249
$94,295 |
$1,343,156 |
| 8 |
$2,329,690 |
$822,316
$99,012 |
$1,408,362 |
| 9 |
$2,446,180 |
$865,417
$103,963 |
$1,476,800 |
| 10 |
$2,568,500 |
$910,675
$109,161 |
$1,548,664 |
| 11 |
$2,696,870 |
$958,172
$114,617 |
$1,624,081 |
| 12 |
$2,831,730 |
$1,008,070
$120,349 |
$1,703,311 |
| 13 |
$2,973,300 |
$1,060,451
$126,365 |
$1,786,484 |
| 14 |
$3,122,020 |
$1,115,478
$132,686 |
$1,873,856 |
| 15 |
$3,278,110 |
$1,173,231
$139,320 |
$1,965,559 |
| 16 |
$3,442,010 |
$1,233,874
$146,285 |
$2,061,851 |
| 17 |
$3,614,050 |
$1,297,529
$153,597 |
$2,162,924 |
| 18 |
$3,794,780 |
$1,364,399
$161,278 |
$2,269,103 |
| 19 |
$3,984,530 |
$1,434,606
$169,343 |
$2,380,581 |
| 20 |
$4,183,740 |
$1,508,314
$177,809 |
$2,497,617 |
| 21 |
$4,392,960 |
$1,585,726
$186,701 |
$2,620,533 |
| 22 |
$4,612,630 |
$1,667,003
$196,037 |
$2,749,590 |
| 23 |
$4,843,190 |
$1,752,311
$205,836 |
$2,885,043 |
| 24 |
$5,085,410 |
$1,841,932
$216,130 |
$3,027,348 |
| 25 |
$5,339,620 |
$1,935,990
$226,934 |
$3,176,696 |
| 26 |
$5,606,700 |
$2,034,809
$238,285 |
$3,333,606 |
| 27 |
$5,886,980 |
$2,138,513
$250,197 |
$3,498,270 |
| 28 |
$6,181,340 |
$2,247,426
$262,707 |
$3,671,207 |
| 29 |
$6,490,440 |
$2,361,793
$275,844 |
$3,852,803 |
| 30 |
$6,814,940 |
$2,481,858
$289,635 |
$4,043,447 |
|
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