USA Mega

Michigan Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $238,000,000 for a ticket purchased in Michigan, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Michigan

Drawing Date:Fri, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,282,450$152,245$2,147,547
2$3,761,354$1,348,721$159,858$2,252,775
3$3,949,421$1,418,306$167,850$2,363,265
4$4,146,892$1,491,370$176,243$2,479,279
5$4,354,237$1,568,088$185,055$2,601,094
6$4,571,949$1,648,641$194,308$2,729,000
7$4,800,546$1,733,222$204,023$2,863,301
8$5,040,574$1,822,033$214,224$3,004,317
9$5,292,602$1,915,283$224,936$3,152,384
10$5,557,232$2,013,196$236,182$3,307,854
11$5,835,094$2,116,005$247,991$3,471,098
12$6,126,849$2,223,954$260,391$3,642,503
13$6,433,191$2,337,301$273,411$3,822,480
14$6,754,851$2,456,315$287,081$4,011,455
15$7,092,593$2,581,280$301,435$4,209,878
16$7,447,223$2,712,493$316,507$4,418,223
17$7,819,584$2,850,266$332,332$4,636,985
18$8,210,563$2,994,929$348,949$4,866,686
19$8,621,091$3,146,824$366,396$5,107,871
20$9,052,146$3,306,314$384,716$5,361,116
21$9,504,753$3,473,779$403,952$5,627,022
22$9,979,991$3,649,617$424,150$5,906,224
23$10,478,991$3,834,247$445,357$6,199,387
24$11,002,940$4,028,108$467,625$6,507,207
25$11,553,087$4,231,662$491,006$6,830,418
26$12,130,741$4,445,395$515,557$7,169,790
27$12,737,279$4,669,813$541,334$7,526,131
28$13,374,142$4,905,453$568,401$7,900,288
29$14,042,849$5,152,875$596,821$8,293,154
30$14,744,992$5,412,667$626,662$8,705,663
Total$238,000,000$86,770,607$10,114,998$141,114,395

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.