Michigan Lottery

MILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(4.25%)	$8,415,000
Net Lumpsum Payment	$116,364,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$268,021	$3,744,661
2	$6,621,876	-$2,410,425 -$281,430	$3,930,021
3	$6,952,886	-$2,532,898 -$295,498	$4,124,490
4	$7,300,656	-$2,661,573 -$310,278	$4,328,805
5	$7,665,605	-$2,796,604 -$325,788	$4,543,213
6	$8,048,990	-$2,938,457 -$342,082	$4,768,451
7	$8,451,230	-$3,087,285 -$359,177	$5,004,768
8	$8,874,001	-$3,243,711 -$377,145	$5,253,145
9	$9,317,722	-$3,407,888 -$396,003	$5,513,831
10	$9,783,650	-$3,580,281 -$415,805	$5,787,564
11	$10,272,623	-$3,761,201 -$436,586	$6,074,836
12	$10,786,317	-$3,951,268 -$458,418	$6,376,631
13	$11,325,570	-$4,150,791 -$481,337	$6,693,442
14	$11,892,058	-$4,360,392 -$505,412	$7,026,254
15	$12,486,619	-$4,580,379 -$530,681	$7,375,559
16	$13,110,929	-$4,811,374 -$557,214	$7,742,341
17	$13,766,245	-$5,053,841 -$585,065	$8,127,339
18	$14,454,662	-$5,308,555 -$614,323	$8,531,784
19	$15,177,437	-$5,575,982 -$645,041	$8,956,414
20	$15,936,246	-$5,856,741 -$677,290	$9,402,215
21	$16,733,184	-$6,151,608 -$711,160	$9,870,416
22	$17,569,927	-$6,461,203 -$746,722	$10,362,002
23	$18,448,151	-$6,786,146 -$784,046	$10,877,959
24	$19,370,789	-$7,127,522 -$823,259	$11,420,008
25	$20,339,098	-$7,485,797 -$864,412	$11,988,889
26	$21,356,430	-$7,862,209 -$907,648	$12,586,573
27	$22,424,042	-$8,257,226 -$953,022	$13,213,794
28	$23,545,286	-$8,672,086 -$1,000,675	$13,872,525
29	$24,722,676	-$9,107,721 -$1,050,714	$14,564,241
30	$25,958,726	-$9,565,059 -$1,103,246	$15,290,421