Jackpot Analysis | Michigan Mega Millions | Next Jackpot: Fri. Jan. 3, 2025 | $42 Million Cash Value: $18.8 Million |
| Cash Option ($18.8 Million) | Gross Cash Payment | 37% Federal Withholding | 4.25% State Withholding | Lump-Sum Net Payment | $18,800,000.00 | -$6,916,330.00 | -$799,000.00 | $11,084,670.00 |
Annuity ($42 Million in 30 Annual Payments) | Year | Annual Gross Payment | 37% Federal Withholding | 4.25% State Withholding | Annual Net Payment | 1 | $632,142.00 | -$194,223.00 | -$26,866.04 | $411,052.97 | 2 | $663,768.00 | -$205,925.00 | -$28,210.14 | $429,632.86 | 3 | $696,948.00 | -$218,201.00 | -$29,620.29 | $449,126.71 | 4 | $731,808.00 | -$231,099.00 | -$31,101.84 | $469,607.16 | 5 | $768,390.00 | -$244,635.00 | -$32,656.58 | $491,098.43 | 6 | $806,820.00 | -$258,854.00 | -$34,289.85 | $513,676.15 | 7 | $847,140.00 | -$273,772.00 | -$36,003.45 | $537,364.55 | 8 | $889,518.00 | -$289,452.00 | -$37,804.52 | $562,261.49 | 9 | $933,996.00 | -$305,909.00 | -$39,694.83 | $588,392.17 | 10 | $980,700.00 | -$323,189.00 | -$41,679.75 | $615,831.25 | 11 | $1,029,714.00 | -$341,325.00 | -$43,762.85 | $644,626.16 | 12 | $1,081,206.00 | -$360,377.00 | -$45,951.26 | $674,877.75 | 13 | $1,135,260.00 | -$380,377.00 | -$48,248.55 | $706,634.45 | 14 | $1,192,044.00 | -$401,387.00 | -$50,661.87 | $739,995.13 | 15 | $1,251,642.00 | -$423,438.00 | -$53,194.79 | $775,009.22 | 16 | $1,314,222.00 | -$446,593.00 | -$55,854.44 | $811,774.57 | 17 | $1,379,910.00 | -$470,897.00 | -$58,646.18 | $850,366.83 | 18 | $1,448,916.00 | -$496,429.00 | -$61,578.93 | $890,908.07 | 19 | $1,521,366.00 | -$523,236.00 | -$64,658.06 | $933,471.95 | 20 | $1,597,428.00 | -$551,379.00 | -$67,890.69 | $978,158.31 | 21 | $1,677,312.00 | -$580,936.00 | -$71,285.76 | $1,025,090.24 | 22 | $1,761,186.00 | -$611,969.00 | -$74,850.41 | $1,074,366.60 | 23 | $1,849,218.00 | -$644,541.00 | -$78,591.77 | $1,126,085.24 | 24 | $1,941,702.00 | -$678,760.00 | -$82,522.34 | $1,180,419.67 | 25 | $2,038,764.00 | -$714,673.00 | -$86,647.47 | $1,237,443.53 | 26 | $2,140,740.00 | -$752,404.00 | -$90,981.45 | $1,297,354.55 | 27 | $2,247,756.00 | -$792,000.00 | -$95,529.63 | $1,360,226.37 | 28 | $2,360,148.00 | -$833,585.00 | -$100,306.29 | $1,426,256.71 | 29 | $2,478,168.00 | -$877,253.00 | -$105,322.14 | $1,495,592.86 | 30 | $2,602,068.00 | -$923,096.00 | -$110,587.89 | $1,568,384.11 | | Total Gross Payment | Total Federal Withholding | Total State Withholding | Total Annual Net Payment | | $42,000,000.00 | -$15,540,000.00 | -$1,785,000.00 | $24,675,000.00 |
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