The jackpot for the Powerball draw on Sat Nov 15, 2025, is projected to be $546 Million, with an option for a cash payout of $255 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 Nov 15, 2025 |
|---|
| Draw Date | Sat Nov 15, 2025 | | Projected Jackpot | $546,000,000 | | Cash Value | $255,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $255,000,000 | | Federal Tax(24%) | $61,200,000 | | Additional Federal Tax | $33,110,330 | | State Tax(4.25%) | $10,837,500 | | Net Lumpsum Payment | $149,852,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,217,846 |
$3,000,933
$349,258 |
$4,867,655 |
| 2 |
$8,628,984 |
$3,153,054
$366,732 |
$5,109,198 |
| 3 |
$9,060,324 |
$3,312,650
$385,064 |
$5,362,610 |
| 4 |
$9,513,504 |
$3,480,327
$404,324 |
$5,628,853 |
| 5 |
$9,989,070 |
$3,656,286
$424,535 |
$5,908,249 |
| 6 |
$10,488,660 |
$3,841,135
$445,768 |
$6,201,757 |
| 7 |
$11,012,820 |
$4,035,074
$468,045 |
$6,509,701 |
| 8 |
$11,563,734 |
$4,238,912
$491,459 |
$6,833,363 |
| 9 |
$12,141,948 |
$4,452,851
$516,033 |
$7,173,064 |
| 10 |
$12,749,100 |
$4,677,497
$541,837 |
$7,529,766 |
| 11 |
$13,386,282 |
$4,913,255
$568,917 |
$7,904,110 |
| 12 |
$14,055,678 |
$5,160,931
$597,366 |
$8,297,381 |
| 13 |
$14,758,380 |
$5,420,931
$627,231 |
$8,710,218 |
| 14 |
$15,496,572 |
$5,694,062
$658,604 |
$9,143,906 |
| 15 |
$16,271,346 |
$5,980,728
$691,532 |
$9,599,086 |
| 16 |
$17,084,886 |
$6,281,738
$726,108 |
$10,077,040 |
| 17 |
$17,938,830 |
$6,597,697
$762,400 |
$10,578,733 |
| 18 |
$18,835,908 |
$6,929,616
$800,526 |
$11,105,766 |
| 19 |
$19,777,758 |
$7,278,101
$840,555 |
$11,659,102 |
| 20 |
$20,766,564 |
$7,643,959
$882,579 |
$12,240,026 |
| 21 |
$21,805,056 |
$8,028,201
$926,715 |
$12,850,140 |
| 22 |
$22,895,418 |
$8,431,635
$973,055 |
$13,490,728 |
| 23 |
$24,039,834 |
$8,855,069
$1,021,693 |
$14,163,072 |
| 24 |
$25,242,126 |
$9,299,917
$1,072,790 |
$14,869,419 |
| 25 |
$26,503,932 |
$9,766,785
$1,126,417 |
$15,610,730 |
| 26 |
$27,829,620 |
$10,257,290
$1,182,759 |
$16,389,571 |
| 27 |
$29,220,828 |
$10,772,037
$1,241,885 |
$17,206,906 |
| 28 |
$30,681,924 |
$11,312,642
$1,303,982 |
$18,065,300 |
| 29 |
$32,216,184 |
$11,880,318
$1,369,188 |
$18,966,678 |
| 30 |
$33,826,884 |
$12,476,277
$1,437,643 |
$19,912,964 |
|
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