Jackpot Analysis Michigan Powerball

Jackpot Analysis for Michigan Powerball
The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 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 Wed Jul 9, 2025
Draw DateWed Jul 9, 2025
Projected Jackpot$216,000,000
Cash Value$98,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$98,400,000
Federal Tax(24%)$23,616,000
Additional Federal Tax$12,752,330
State Tax(4.25%)$4,182,000
Net Lumpsum Payment$57,849,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,251,016 $1,163,206
$138,168
$1,949,642
2 $3,413,664 $1,223,386
$145,081
$2,045,197
3 $3,584,304 $1,286,523
$152,333
$2,145,448
4 $3,763,584 $1,352,856
$159,952
$2,250,776
5 $3,951,720 $1,422,467
$167,948
$2,361,305
6 $4,149,360 $1,495,594
$176,348
$2,477,418
7 $4,356,720 $1,572,317
$185,161
$2,599,242
8 $4,574,664 $1,652,956
$194,423
$2,727,285
9 $4,803,408 $1,737,591
$204,145
$2,861,672
10 $5,043,600 $1,826,462
$214,353
$3,002,785
11 $5,295,672 $1,919,729
$225,066
$3,150,877
12 $5,560,488 $2,017,711
$236,321
$3,306,456
13 $5,838,480 $2,120,568
$248,135
$3,469,777
14 $6,130,512 $2,228,620
$260,547
$3,641,345
15 $6,437,016 $2,342,026
$273,573
$3,821,417
16 $6,758,856 $2,461,107
$287,251
$4,010,498
17 $7,096,680 $2,586,102
$301,609
$4,208,969
18 $7,451,568 $2,717,411
$316,692
$4,417,465
19 $7,824,168 $2,855,273
$332,527
$4,636,368
20 $8,215,344 $3,000,008
$349,152
$4,866,184
21 $8,626,176 $3,152,016
$366,612
$5,107,548
22 $9,057,528 $3,311,616
$384,945
$5,360,967
23 $9,510,264 $3,479,128
$404,186
$5,626,950
24 $9,985,896 $3,655,112
$424,401
$5,906,383
25 $10,485,072 $3,839,807
$445,616
$6,199,649
26 $11,009,520 $4,033,853
$467,905
$6,507,762
27 $11,559,888 $4,237,489
$491,295
$6,831,104
28 $12,137,904 $4,451,355
$515,861
$7,170,688
29 $12,744,864 $4,675,930
$541,657
$7,527,277
30 $13,382,064 $4,911,694
$568,738
$7,901,632