You simply select one option for purchasing the Mega Millions tickets:Įasy option: You select $6 (three tickets), $10 (five tickets), or $20 (10 tickets), and you will have your numbers randomly selected.

You are in luck because the Michigan Lottery has made this game even easier to play. These amounts are estimates only, so if you win, you are required to satisfy any tax liability for the current year in which the prize was claimed. Which option you select, the Michigan Lottery will be required by law to withhold the estimated income taxes for federal (about 25 percent) and state (about 4.25 percent) on any prize amount that exceeds $5,000. To some degree, the Lottery moves the money that would have otherwise been invested to fund the 30-year annuity and ends up handing it over to the winner. If you decide to select the cash option, you will get paid the current cash value of the jackpot in a lump sum. If you win and decide to select the annuity payments, the jackpot is paid through an annuity that steadily rises over 30 years, with about a five percent raise per payment. Payment is subject to the present cash value of the jackpot. They will pay the Mega Millions jackpot in one of two ways: an annuity or in a lump sum cash option. You will have some options for payments with the Michigan Lottery. You can also have the winnings deposited into your account if you bought the ticket online. If you win any prize at all, especially under $600, you can go to your nearest Lottery retailer and cash out your ticket.

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