Jackpot Analysis Michigan Powerball

Jackpot Analysis for Michigan Powerball
The jackpot for the Powerball draw on Mon Oct 20, 2025, is projected to be $304 Million, with an option for a cash payout of $144.6 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 Mon Oct 20, 2025
Draw DateMon Oct 20, 2025
Projected Jackpot$304,000,000
Cash Value$144,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$144,600,000
Federal Tax(24%)$34,704,000
Additional Federal Tax$18,758,330
State Tax(4.25%)$6,145,500
Net Lumpsum Payment$84,992,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,575,504 $1,653,267
$194,459
$2,727,778
2 $4,804,416 $1,737,964
$204,188
$2,862,264
3 $5,044,576 $1,826,824
$214,394
$3,003,358
4 $5,296,896 $1,920,182
$225,118
$3,151,596
5 $5,561,680 $2,018,152
$236,371
$3,307,157
6 $5,839,840 $2,121,071
$248,193
$3,470,576
7 $6,131,680 $2,229,052
$260,596
$3,642,032
8 $6,438,416 $2,342,544
$273,633
$3,822,239
9 $6,760,352 $2,461,661
$287,315
$4,011,376
10 $7,098,400 $2,586,738
$301,682
$4,209,980
11 $7,453,168 $2,718,003
$316,760
$4,418,405
12 $7,825,872 $2,855,903
$332,600
$4,637,369
13 $8,217,120 $3,000,665
$349,228
$4,867,227
14 $8,628,128 $3,152,738
$366,695
$5,108,695
15 $9,059,504 $3,312,347
$385,029
$5,362,128
16 $9,512,464 $3,479,942
$404,280
$5,628,242
17 $9,987,920 $3,655,861
$424,487
$5,907,572
18 $10,487,392 $3,840,665
$445,714
$6,201,013
19 $11,011,792 $4,034,693
$468,001
$6,509,098
20 $11,562,336 $4,238,395
$491,399
$6,832,542
21 $12,140,544 $4,452,332
$515,973
$7,172,239
22 $12,747,632 $4,676,954
$541,774
$7,528,904
23 $13,384,816 $4,912,712
$568,855
$7,903,249
24 $14,054,224 $5,160,393
$597,305
$8,296,526
25 $14,756,768 $5,420,335
$627,163
$8,709,270
26 $15,494,880 $5,693,436
$658,532
$9,142,912
27 $16,269,472 $5,980,035
$691,453
$9,597,984
28 $17,082,976 $6,281,032
$726,026
$10,075,918
29 $17,937,216 $6,597,100
$762,332
$10,577,784
30 $18,834,016 $6,928,916
$800,446
$11,104,654