The jackpot for the Powerball draw on Mon May 25, 2026, is projected to be $141 Million, with an option for a cash payout of $62 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 May 25, 2026 |
|---|
| Draw Date | Mon May 25, 2026 | | Projected Jackpot | $141,000,000 | | Cash Value | $62,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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