The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Wed Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(4.25%) | $10,161,750 | | Net Lumpsum Payment | $140,510,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$327,510 |
$4,567,010 |
| 2 |
$8,091,648 |
$2,954,240
$343,895 |
$4,793,513 |
| 3 |
$8,496,128 |
$3,103,898
$361,085 |
$5,031,145 |
| 4 |
$8,921,088 |
$3,261,133
$379,146 |
$5,280,809 |
| 5 |
$9,367,040 |
$3,426,135
$398,099 |
$5,542,806 |
| 6 |
$9,835,520 |
$3,599,473
$418,010 |
$5,818,037 |
| 7 |
$10,327,040 |
$3,781,335
$438,899 |
$6,106,806 |
| 8 |
$10,843,648 |
$3,972,480
$460,855 |
$6,410,313 |
| 9 |
$11,385,856 |
$4,173,097
$483,899 |
$6,728,860 |
| 10 |
$11,955,200 |
$4,383,754
$508,096 |
$7,063,350 |
| 11 |
$12,552,704 |
$4,604,831
$533,490 |
$7,414,383 |
| 12 |
$13,180,416 |
$4,837,084
$560,168 |
$7,783,164 |
| 13 |
$13,839,360 |
$5,080,894
$588,173 |
$8,170,293 |
| 14 |
$14,531,584 |
$5,337,016
$617,592 |
$8,576,976 |
| 15 |
$15,258,112 |
$5,605,832
$648,470 |
$9,003,810 |
| 16 |
$16,020,992 |
$5,888,097
$680,892 |
$9,452,003 |
| 17 |
$16,821,760 |
$6,184,382
$714,925 |
$9,922,453 |
| 18 |
$17,662,976 |
$6,495,632
$750,676 |
$10,416,668 |
| 19 |
$18,546,176 |
$6,822,416
$788,212 |
$10,935,548 |
| 20 |
$19,473,408 |
$7,165,491
$827,620 |
$11,480,297 |
| 21 |
$20,447,232 |
$7,525,806
$869,007 |
$12,052,419 |
| 22 |
$21,469,696 |
$7,904,118
$912,462 |
$12,653,116 |
| 23 |
$22,542,848 |
$8,301,184
$958,071 |
$13,283,593 |
| 24 |
$23,670,272 |
$8,718,331
$1,005,987 |
$13,945,954 |
| 25 |
$24,853,504 |
$9,156,127
$1,056,274 |
$14,641,103 |
| 26 |
$26,096,640 |
$9,616,087
$1,109,107 |
$15,371,446 |
| 27 |
$27,401,216 |
$10,098,780
$1,164,552 |
$16,137,884 |
| 28 |
$28,771,328 |
$10,605,722
$1,222,781 |
$16,942,825 |
| 29 |
$30,210,048 |
$11,138,048
$1,283,927 |
$17,788,073 |
| 30 |
$31,720,448 |
$11,696,896
$1,348,119 |
$18,675,433 |
|
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