Jackpot Analysis Michigan Powerball

Jackpot Analysis for Michigan Powerball
The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Michigan residents, the state will deduct 4.25% from your lottery earnings.

Michigan Powerball Jackpot/Cash Option for Sat Jul 19, 2025
Draw DateSat Jul 19, 2025
Projected Jackpot$288,000,000
Cash Value$130,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$130,600,000
Federal Tax(24%)$31,344,000
Additional Federal Tax$16,938,330
State Tax(4.25%)$5,550,500
Net Lumpsum Payment$76,767,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,334,688 $1,564,165
$184,224
$2,586,299
2 $4,551,552 $1,644,405
$193,441
$2,713,706
3 $4,779,072 $1,728,587
$203,111
$2,847,374
4 $5,018,112 $1,817,032
$213,270
$2,987,810
5 $5,268,960 $1,909,846
$223,931
$3,135,183
6 $5,532,480 $2,007,348
$235,130
$3,290,002
7 $5,808,960 $2,109,646
$246,881
$3,452,433
8 $6,099,552 $2,217,165
$259,231
$3,623,156
9 $6,404,544 $2,330,012
$272,193
$3,802,339
10 $6,724,800 $2,448,506
$285,804
$3,990,490
11 $7,060,896 $2,572,862
$300,088
$4,187,946
12 $7,413,984 $2,703,504
$315,094
$4,395,386
13 $7,784,640 $2,840,647
$330,847
$4,613,146
14 $8,174,016 $2,984,716
$347,396
$4,841,904
15 $8,582,688 $3,135,925
$364,764
$5,081,999
16 $9,011,808 $3,294,699
$383,002
$5,334,107
17 $9,462,240 $3,461,359
$402,145
$5,598,736
18 $9,935,424 $3,636,437
$422,256
$5,876,731
19 $10,432,224 $3,820,253
$443,370
$6,168,601
20 $10,953,792 $4,013,233
$465,536
$6,475,023
21 $11,501,568 $4,215,911
$488,817
$6,796,840
22 $12,076,704 $4,428,711
$513,260
$7,134,733
23 $12,680,352 $4,652,061
$538,915
$7,489,376
24 $13,314,528 $4,886,706
$565,867
$7,861,955
25 $13,980,096 $5,132,966
$594,154
$8,252,976
26 $14,679,360 $5,391,694
$623,873
$8,663,793
27 $15,413,184 $5,663,208
$655,060
$9,094,916
28 $16,183,872 $5,948,363
$687,815
$9,547,694
29 $16,993,152 $6,247,797
$722,209
$10,023,146
30 $17,842,752 $6,562,149
$758,317
$10,522,286