Fantasy5
Latest draw · Tuesday, May 19, 2026
Fantasy5 Tax Calculator
See what you'd really take home from a Fantasy5 prize after federal and Michigan state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (Michigan · 4.25%)
- − $42,500
- Net take-home
- $629,312
Estimate only — uses single-filer federal brackets and Michigan's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Fantasy5 tax FAQ
How much tax do you pay on a Fantasy5 jackpot in Michigan?
On a $1,000,000 Fantasy5 jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $42,500 in Michigan state tax, leaving roughly $629,312.
Does Michigan tax Fantasy5 lottery winnings?
Yes — Michigan withholds about 4.25% in state tax on Fantasy5 winnings, on top of federal tax.
Should I take the Fantasy5 lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.
