The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(4.25%) | $14,709,250 | | Net Lumpsum Payment | $203,373,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$473,354 |
$6,583,092 |
| 2 |
$11,694,960 |
$4,287,466
$497,036 |
$6,910,458 |
| 3 |
$12,279,560 |
$4,503,768
$521,881 |
$7,253,911 |
| 4 |
$12,893,760 |
$4,731,022
$547,985 |
$7,614,753 |
| 5 |
$13,538,300 |
$4,969,501
$575,378 |
$7,993,421 |
| 6 |
$14,215,400 |
$5,220,028
$604,155 |
$8,391,217 |
| 7 |
$14,925,800 |
$5,482,876
$634,347 |
$8,808,577 |
| 8 |
$15,672,460 |
$5,759,141
$666,080 |
$9,247,239 |
| 9 |
$16,456,120 |
$6,049,095
$699,385 |
$9,707,640 |
| 10 |
$17,279,000 |
$6,353,560
$734,358 |
$10,191,082 |
| 11 |
$18,142,580 |
$6,673,085
$771,060 |
$10,698,435 |
| 12 |
$19,049,820 |
$7,008,764
$809,617 |
$11,231,439 |
| 13 |
$20,002,200 |
$7,361,144
$850,094 |
$11,790,962 |
| 14 |
$21,002,680 |
$7,731,322
$892,614 |
$12,378,744 |
| 15 |
$22,052,740 |
$8,119,844
$937,241 |
$12,995,655 |
| 16 |
$23,155,340 |
$8,527,806
$984,102 |
$13,643,432 |
| 17 |
$24,312,700 |
$8,956,029
$1,033,290 |
$14,323,381 |
| 18 |
$25,528,520 |
$9,405,883
$1,084,962 |
$15,037,675 |
| 19 |
$26,805,020 |
$9,878,188
$1,139,213 |
$15,787,619 |
| 20 |
$28,145,160 |
$10,374,040
$1,196,169 |
$16,574,951 |
| 21 |
$29,552,640 |
$10,894,807
$1,255,987 |
$17,401,846 |
| 22 |
$31,030,420 |
$11,441,586
$1,318,793 |
$18,270,041 |
| 23 |
$32,581,460 |
$12,015,471
$1,384,712 |
$19,181,277 |
| 24 |
$34,210,940 |
$12,618,378
$1,453,965 |
$20,138,597 |
| 25 |
$35,921,080 |
$13,251,130
$1,526,646 |
$21,143,304 |
| 26 |
$37,717,800 |
$13,915,916
$1,603,007 |
$22,198,877 |
| 27 |
$39,603,320 |
$14,613,559
$1,683,141 |
$23,306,620 |
| 28 |
$41,583,560 |
$15,346,248
$1,767,301 |
$24,470,011 |
| 29 |
$43,662,960 |
$16,115,626
$1,855,676 |
$25,691,658 |
| 30 |
$45,845,960 |
$16,923,336
$1,948,453 |
$26,974,171 |
|
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