Michigan Lottery

MILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 25, 2026 is estimated to be $141 Million, with a cash option of 62 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Michigan, your state will take 4.25% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Michigan Powerball Jackpot/Cash Option for Mon May 25, 2026

Draw Date	Jackpot	Cash Option
Mon May 25, 2026	$141,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(4.25%)	$2,635,000
Net Lumpsum Payment	$36,464,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,122,191	-$745,541 -$90,193	$1,286,457
2	$2,228,364	-$784,825 -$94,705	$1,348,834
3	$2,339,754	-$826,039 -$99,440	$1,414,275
4	$2,456,784	-$869,340 -$104,413	$1,483,031
5	$2,579,595	-$914,781 -$109,633	$1,555,181
6	$2,708,610	-$962,516 -$115,116	$1,630,978
7	$2,843,970	-$1,012,599 -$120,869	$1,710,502
8	$2,986,239	-$1,065,239 -$126,915	$1,794,085
9	$3,135,558	-$1,120,487 -$133,261	$1,881,810
10	$3,292,350	-$1,178,500 -$139,925	$1,973,925
11	$3,456,897	-$1,239,382 -$146,918	$2,070,597
12	$3,629,763	-$1,303,343 -$154,265	$2,172,155
13	$3,811,230	-$1,370,485 -$161,977	$2,278,768
14	$4,001,862	-$1,441,019 -$170,079	$2,390,764
15	$4,201,941	-$1,515,049 -$178,582	$2,508,310
16	$4,412,031	-$1,592,782 -$187,511	$2,631,738
17	$4,632,555	-$1,674,376 -$196,884	$2,761,295
18	$4,864,218	-$1,760,091 -$206,729	$2,897,398
19	$5,107,443	-$1,850,084 -$217,066	$3,040,293
20	$5,362,794	-$1,944,564 -$227,919	$3,190,311
21	$5,630,976	-$2,043,792 -$239,316	$3,347,868
22	$5,912,553	-$2,147,975 -$251,284	$3,513,294
23	$6,208,089	-$2,257,323 -$263,844	$3,686,922
24	$6,518,571	-$2,372,202 -$277,039	$3,869,330
25	$6,844,422	-$2,492,767 -$290,888	$4,060,767
26	$7,186,770	-$2,619,435 -$305,438	$4,261,897
27	$7,546,038	-$2,752,364 -$320,707	$4,472,967
28	$7,923,354	-$2,891,971 -$336,743	$4,694,640
29	$8,319,564	-$3,038,569 -$353,581	$4,927,414
30	$8,735,514	-$3,192,471 -$371,259	$5,171,784