The jackpot for the Powerball draw on Sat Dec 6, 2025, is projected to be $820 Million, with an option for a cash payout of $383.5 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 Sat Dec 6, 2025 |
|---|
| Draw Date | Sat Dec 6, 2025 | | Projected Jackpot | $820,000,000 | | Cash Value | $383,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $383,500,000 | | Federal Tax(24%) | $92,040,000 | | Additional Federal Tax | $49,815,330 | | State Tax(4.25%) | $16,298,750 | | Net Lumpsum Payment | $225,345,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,341,820 |
$4,526,804
$524,527 |
$7,290,489 |
| 2 |
$12,959,280 |
$4,755,264
$550,769 |
$7,653,247 |
| 3 |
$13,607,080 |
$4,994,950
$578,301 |
$8,033,829 |
| 4 |
$14,287,680 |
$5,246,772
$607,226 |
$8,433,682 |
| 5 |
$15,001,900 |
$5,511,033
$637,581 |
$8,853,286 |
| 6 |
$15,752,200 |
$5,788,644
$669,469 |
$9,294,087 |
| 7 |
$16,539,400 |
$6,079,908
$702,925 |
$9,756,567 |
| 8 |
$17,366,780 |
$6,386,039
$738,088 |
$10,242,653 |
| 9 |
$18,235,160 |
$6,707,340
$774,994 |
$10,752,826 |
| 10 |
$19,147,000 |
$7,044,720
$813,748 |
$11,288,532 |
| 11 |
$20,103,940 |
$7,398,788
$854,417 |
$11,850,735 |
| 12 |
$21,109,260 |
$7,770,757
$897,144 |
$12,441,359 |
| 13 |
$22,164,600 |
$8,161,232
$941,996 |
$13,061,372 |
| 14 |
$23,273,240 |
$8,571,429
$989,113 |
$13,712,698 |
| 15 |
$24,436,820 |
$9,001,954
$1,038,565 |
$14,396,301 |
| 16 |
$25,658,620 |
$9,454,020
$1,090,491 |
$15,114,109 |
| 17 |
$26,941,100 |
$9,928,537
$1,144,997 |
$15,867,566 |
| 18 |
$28,288,360 |
$10,427,024
$1,202,255 |
$16,659,081 |
| 19 |
$29,702,860 |
$10,950,389
$1,262,372 |
$17,490,099 |
| 20 |
$31,187,880 |
$11,499,846
$1,325,485 |
$18,362,549 |
| 21 |
$32,747,520 |
$12,076,913
$1,391,770 |
$19,278,837 |
| 22 |
$34,385,060 |
$12,682,803
$1,461,365 |
$20,240,892 |
| 23 |
$36,103,780 |
$13,318,729
$1,534,411 |
$21,250,640 |
| 24 |
$37,909,420 |
$13,986,816
$1,611,150 |
$22,311,454 |
| 25 |
$39,804,440 |
$14,687,973
$1,691,689 |
$23,424,778 |
| 26 |
$41,795,400 |
$15,424,628
$1,776,305 |
$24,594,467 |
| 27 |
$43,884,760 |
$16,197,692
$1,865,102 |
$25,821,966 |
| 28 |
$46,079,080 |
$17,009,590
$1,958,361 |
$27,111,129 |
| 29 |
$48,383,280 |
$17,862,144
$2,056,289 |
$28,464,847 |
| 30 |
$50,802,280 |
$18,757,174
$2,159,097 |
$29,886,009 |
|
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