Jackpot Analysis Michigan Powerball

Jackpot Analysis for Michigan Powerball
The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 13, 2025
Draw DateMon Oct 13, 2025
Projected Jackpot$258,000,000
Cash Value$120,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$120,800,000
Federal Tax(24%)$28,992,000
Additional Federal Tax$15,664,330
State Tax(4.25%)$5,134,000
Net Lumpsum Payment$71,009,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,883,158 $1,397,099
$165,034
$2,321,025
2 $4,077,432 $1,468,980
$173,291
$2,435,161
3 $4,281,252 $1,544,394
$181,953
$2,554,905
4 $4,495,392 $1,623,625
$191,054
$2,680,713
5 $4,720,110 $1,706,771
$200,605
$2,812,734
6 $4,956,180 $1,794,117
$210,638
$2,951,425
7 $5,203,860 $1,885,759
$221,164
$3,096,937
8 $5,464,182 $1,982,078
$232,228
$3,249,876
9 $5,737,404 $2,083,170
$243,840
$3,410,394
10 $6,024,300 $2,189,321
$256,033
$3,578,946
11 $6,325,386 $2,300,723
$268,829
$3,755,834
12 $6,641,694 $2,417,757
$282,272
$3,941,665
13 $6,973,740 $2,540,614
$296,384
$4,136,742
14 $7,322,556 $2,669,676
$311,209
$4,341,671
15 $7,688,658 $2,805,134
$326,768
$4,556,756
16 $8,073,078 $2,947,369
$343,106
$4,782,603
17 $8,476,590 $3,096,669
$360,255
$5,019,666
18 $8,900,484 $3,253,509
$378,271
$5,268,704
19 $9,345,534 $3,418,178
$397,185
$5,530,171
20 $9,812,772 $3,591,056
$417,043
$5,804,673
21 $10,303,488 $3,772,621
$437,898
$6,092,969
22 $10,818,714 $3,963,255
$459,795
$6,395,664
23 $11,359,482 $4,163,339
$482,778
$6,713,365
24 $11,927,598 $4,373,542
$506,923
$7,047,133
25 $12,523,836 $4,594,150
$532,263
$7,397,423
26 $13,150,260 $4,825,927
$558,886
$7,765,447
27 $13,807,644 $5,069,159
$586,825
$8,151,660
28 $14,498,052 $5,324,610
$616,167
$8,557,275
29 $15,223,032 $5,592,852
$646,979
$8,983,201
30 $15,984,132 $5,874,459
$679,326
$9,430,347