The jackpot for the Powerball draw on Sat Dec 13, 2025, is projected to be $1.00 Billion, with an option for a cash payout of $461.3 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 13, 2025 |
|---|
| Draw Date | Sat Dec 13, 2025 | | Projected Jackpot | $1,000,000,000 | | Cash Value | $461,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $461,300,000 | | Federal Tax(24%) | $110,712,000 | | Additional Federal Tax | $59,929,330 | | State Tax(4.25%) | $19,605,250 | | Net Lumpsum Payment | $271,053,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$15,051,000 |
$5,529,200
$639,668 |
$8,882,132 |
| 2 |
$15,804,000 |
$5,807,810
$671,670 |
$9,324,520 |
| 3 |
$16,594,000 |
$6,100,110
$705,245 |
$9,788,645 |
| 4 |
$17,424,000 |
$6,407,210
$740,520 |
$10,276,270 |
| 5 |
$18,295,000 |
$6,729,480
$777,538 |
$10,787,982 |
| 6 |
$19,210,000 |
$7,068,030
$816,425 |
$11,325,545 |
| 7 |
$20,170,000 |
$7,423,230
$857,225 |
$11,889,545 |
| 8 |
$21,179,000 |
$7,796,560
$900,108 |
$12,482,332 |
| 9 |
$22,238,000 |
$8,188,390
$945,115 |
$13,104,495 |
| 10 |
$23,350,000 |
$8,599,830
$992,375 |
$13,757,795 |
| 11 |
$24,517,000 |
$9,031,620
$1,041,973 |
$14,443,407 |
| 12 |
$25,743,000 |
$9,485,240
$1,094,078 |
$15,163,682 |
| 13 |
$27,030,000 |
$9,961,430
$1,148,775 |
$15,919,795 |
| 14 |
$28,382,000 |
$10,461,670
$1,206,235 |
$16,714,095 |
| 15 |
$29,801,000 |
$10,986,700
$1,266,543 |
$17,547,757 |
| 16 |
$31,291,000 |
$11,538,000
$1,329,868 |
$18,423,132 |
| 17 |
$32,855,000 |
$12,116,680
$1,396,338 |
$19,341,982 |
| 18 |
$34,498,000 |
$12,724,590
$1,466,165 |
$20,307,245 |
| 19 |
$36,223,000 |
$13,362,840
$1,539,478 |
$21,320,682 |
| 20 |
$38,034,000 |
$14,032,910
$1,616,445 |
$22,384,645 |
| 21 |
$39,936,000 |
$14,736,650
$1,697,280 |
$23,502,070 |
| 22 |
$41,933,000 |
$15,475,540
$1,782,153 |
$24,675,307 |
| 23 |
$44,029,000 |
$16,251,060
$1,871,233 |
$25,906,707 |
| 24 |
$46,231,000 |
$17,065,800
$1,964,818 |
$27,200,382 |
| 25 |
$48,542,000 |
$17,920,870
$2,063,035 |
$28,558,095 |
| 26 |
$50,970,000 |
$18,819,230
$2,166,225 |
$29,984,545 |
| 27 |
$53,518,000 |
$19,761,990
$2,274,515 |
$31,481,495 |
| 28 |
$56,194,000 |
$20,752,110
$2,388,245 |
$33,053,645 |
| 29 |
$59,004,000 |
$21,791,810
$2,507,670 |
$34,704,520 |
| 30 |
$61,954,000 |
$22,883,310
$2,633,045 |
$36,437,645 |
|
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