The jackpot for the Powerball draw on Mon Dec 22, 2025, is projected to be $1.60 Billion, with an option for a cash payout of $735.3 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 22, 2025 |
|---|
| Draw Date | Mon Dec 22, 2025 | | Projected Jackpot | $1,600,000,000 | | Cash Value | $735,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $735,300,000 | | Federal Tax(24%) | $176,472,000 | | Additional Federal Tax | $95,549,330 | | State Tax(4.25%) | $31,250,250 | | Net Lumpsum Payment | $432,028,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$24,081,600 |
$8,870,522
$1,023,468 |
$14,187,610 |
| 2 |
$25,286,400 |
$9,316,298
$1,074,672 |
$14,895,430 |
| 3 |
$26,550,400 |
$9,783,978
$1,128,392 |
$15,638,030 |
| 4 |
$27,878,400 |
$10,275,338
$1,184,832 |
$16,418,230 |
| 5 |
$29,272,000 |
$10,790,970
$1,244,060 |
$17,236,970 |
| 6 |
$30,736,000 |
$11,332,650
$1,306,280 |
$18,097,070 |
| 7 |
$32,272,000 |
$11,900,970
$1,371,560 |
$18,999,470 |
| 8 |
$33,886,400 |
$12,498,298
$1,440,172 |
$19,947,930 |
| 9 |
$35,580,800 |
$13,125,226
$1,512,184 |
$20,943,390 |
| 10 |
$37,360,000 |
$13,783,530
$1,587,800 |
$21,988,670 |
| 11 |
$39,227,200 |
$14,474,394
$1,667,156 |
$23,085,650 |
| 12 |
$41,188,800 |
$15,200,186
$1,750,524 |
$24,238,090 |
| 13 |
$43,248,000 |
$15,962,090
$1,838,040 |
$25,447,870 |
| 14 |
$45,411,200 |
$16,762,474
$1,929,976 |
$26,718,750 |
| 15 |
$47,681,600 |
$17,602,522
$2,026,468 |
$28,052,610 |
| 16 |
$50,065,600 |
$18,484,602
$2,127,788 |
$29,453,210 |
| 17 |
$52,568,000 |
$19,410,490
$2,234,140 |
$30,923,370 |
| 18 |
$55,196,800 |
$20,383,146
$2,345,864 |
$32,467,790 |
| 19 |
$57,956,800 |
$21,404,346
$2,463,164 |
$34,089,290 |
| 20 |
$60,854,400 |
$22,476,458
$2,586,312 |
$35,791,630 |
| 21 |
$63,897,600 |
$23,602,442
$2,715,648 |
$37,579,510 |
| 22 |
$67,092,800 |
$24,784,666
$2,851,444 |
$39,456,690 |
| 23 |
$70,446,400 |
$26,025,498
$2,993,972 |
$41,426,930 |
| 24 |
$73,969,600 |
$27,329,082
$3,143,708 |
$43,496,810 |
| 25 |
$77,667,200 |
$28,697,194
$3,300,856 |
$45,669,150 |
| 26 |
$81,552,000 |
$30,134,570
$3,465,960 |
$47,951,470 |
| 27 |
$85,628,800 |
$31,642,986
$3,639,224 |
$50,346,590 |
| 28 |
$89,910,400 |
$33,227,178
$3,821,192 |
$52,862,030 |
| 29 |
$94,406,400 |
$34,890,698
$4,012,272 |
$55,503,430 |
| 30 |
$99,126,400 |
$36,637,098
$4,212,872 |
$58,276,430 |
|
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