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Jackpot Analysis For Michigan MEGA Millions
MAR, 09/02/2010 Annuity Cash
Jackpot Amount  $32,000,000  $19,900,000 
Gross Prize  26 Annual Payments of $1,230,769  Lump-Sum Cash $19,900,000 
Less 25% Federal Tax  -$307,692  -$4,975,000 
Less 4.3% State Tax   -$53,415   -$863,660
Yearly Net Pay: $869,662 
Total Pay After 26 payments:
$22,611,212 
Lump-Sum Net Payout: $14,061,340 
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