The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(4.25%) | $16,647,250 | | Net Lumpsum Payment | $230,163,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$539,240 |
$7,493,865 |
| 2 |
$13,322,772 |
$4,889,756
$566,218 |
$7,866,798 |
| 3 |
$13,988,742 |
$5,136,165
$594,522 |
$8,258,055 |
| 4 |
$14,688,432 |
$5,395,050
$624,258 |
$8,669,124 |
| 5 |
$15,422,685 |
$5,666,724
$655,464 |
$9,100,497 |
| 6 |
$16,194,030 |
$5,952,121
$688,246 |
$9,553,663 |
| 7 |
$17,003,310 |
$6,251,555
$722,641 |
$10,029,114 |
| 8 |
$17,853,897 |
$6,566,272
$758,791 |
$10,528,834 |
| 9 |
$18,746,634 |
$6,896,585
$796,732 |
$11,053,317 |
| 10 |
$19,684,050 |
$7,243,429
$836,572 |
$11,604,049 |
| 11 |
$20,667,831 |
$7,607,428
$878,383 |
$12,182,020 |
| 12 |
$21,701,349 |
$7,989,830
$922,307 |
$12,789,212 |
| 13 |
$22,786,290 |
$8,391,258
$968,417 |
$13,426,615 |
| 14 |
$23,926,026 |
$8,812,960
$1,016,856 |
$14,096,210 |
| 15 |
$25,122,243 |
$9,255,560
$1,067,695 |
$14,798,988 |
| 16 |
$26,378,313 |
$9,720,306
$1,121,078 |
$15,536,929 |
| 17 |
$27,696,765 |
$10,208,133
$1,177,113 |
$16,311,519 |
| 18 |
$29,081,814 |
$10,720,602
$1,235,977 |
$17,125,235 |
| 19 |
$30,535,989 |
$11,258,646
$1,297,780 |
$17,979,563 |
| 20 |
$32,062,662 |
$11,823,515
$1,362,663 |
$18,876,484 |
| 21 |
$33,666,048 |
$12,416,768
$1,430,807 |
$19,818,473 |
| 22 |
$35,349,519 |
$13,039,652
$1,502,355 |
$20,807,512 |
| 23 |
$37,116,447 |
$13,693,416
$1,577,449 |
$21,845,582 |
| 24 |
$38,972,733 |
$14,380,242
$1,656,341 |
$22,936,150 |
| 25 |
$40,920,906 |
$15,101,066
$1,739,139 |
$24,080,701 |
| 26 |
$42,967,710 |
$15,858,383
$1,826,128 |
$25,283,199 |
| 27 |
$45,115,674 |
$16,653,130
$1,917,416 |
$26,545,128 |
| 28 |
$47,371,542 |
$17,487,801
$2,013,291 |
$27,870,450 |
| 29 |
$49,740,372 |
$18,364,268
$2,113,966 |
$29,262,138 |
| 30 |
$52,227,222 |
$19,284,403
$2,219,657 |
$30,723,162 |
|
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