Jackpot Analysis Michigan Powerball

Jackpot Analysis for Michigan Powerball
The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 12, 2025
Draw DateSat Jul 12, 2025
Projected Jackpot$234,000,000
Cash Value$106,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$106,600,000
Federal Tax(24%)$25,584,000
Additional Federal Tax$13,818,330
State Tax(4.25%)$4,530,500
Net Lumpsum Payment$62,667,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,521,934 $1,263,446
$149,682
$2,108,806
2 $3,698,136 $1,328,641
$157,171
$2,212,324
3 $3,882,996 $1,397,039
$165,027
$2,320,930
4 $4,077,216 $1,468,900
$173,282
$2,435,034
5 $4,281,030 $1,544,311
$181,944
$2,554,775
6 $4,495,140 $1,623,532
$191,043
$2,680,565
7 $4,719,780 $1,706,649
$200,591
$2,812,540
8 $4,955,886 $1,794,008
$210,625
$2,951,253
9 $5,203,692 $1,885,696
$221,157
$3,096,839
10 $5,463,900 $1,981,973
$232,216
$3,249,711
11 $5,736,978 $2,083,012
$243,822
$3,410,144
12 $6,023,862 $2,189,159
$256,014
$3,578,689
13 $6,325,020 $2,300,588
$268,813
$3,755,619
14 $6,641,388 $2,417,644
$282,259
$3,941,485
15 $6,973,434 $2,540,501
$296,371
$4,136,562
16 $7,322,094 $2,669,505
$311,189
$4,341,400
17 $7,688,070 $2,804,916
$326,743
$4,556,411
18 $8,072,532 $2,947,167
$343,083
$4,782,282
19 $8,476,182 $3,096,518
$360,238
$5,019,426
20 $8,899,956 $3,253,314
$378,248
$5,268,394
21 $9,345,024 $3,417,989
$397,164
$5,529,871
22 $9,812,322 $3,590,890
$417,024
$5,804,408
23 $10,302,786 $3,772,361
$437,868
$6,092,557
24 $10,818,054 $3,963,010
$459,767
$6,395,277
25 $11,358,828 $4,163,097
$482,750
$6,712,981
26 $11,926,980 $4,373,313
$506,897
$7,046,770
27 $12,523,212 $4,593,919
$532,237
$7,397,056
28 $13,149,396 $4,825,607
$558,849
$7,764,940
29 $13,806,936 $5,068,897
$586,795
$8,151,244
30 $14,497,236 $5,324,308
$616,133
$8,556,795