Michigan Lottery

MILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Michigan, your state will take 4.25% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Michigan Powerball Jackpot/Cash Option for Mon Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(4.25%)	$5,134,000
Net Lumpsum Payment	$71,009,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$165,034	$2,321,025
2	$4,077,432	-$1,468,980 -$173,291	$2,435,161
3	$4,281,252	-$1,544,394 -$181,953	$2,554,905
4	$4,495,392	-$1,623,625 -$191,054	$2,680,713
5	$4,720,110	-$1,706,771 -$200,605	$2,812,734
6	$4,956,180	-$1,794,117 -$210,638	$2,951,425
7	$5,203,860	-$1,885,759 -$221,164	$3,096,937
8	$5,464,182	-$1,982,078 -$232,228	$3,249,876
9	$5,737,404	-$2,083,170 -$243,840	$3,410,394
10	$6,024,300	-$2,189,321 -$256,033	$3,578,946
11	$6,325,386	-$2,300,723 -$268,829	$3,755,834
12	$6,641,694	-$2,417,757 -$282,272	$3,941,665
13	$6,973,740	-$2,540,614 -$296,384	$4,136,742
14	$7,322,556	-$2,669,676 -$311,209	$4,341,671
15	$7,688,658	-$2,805,134 -$326,768	$4,556,756
16	$8,073,078	-$2,947,369 -$343,106	$4,782,603
17	$8,476,590	-$3,096,669 -$360,255	$5,019,666
18	$8,900,484	-$3,253,509 -$378,271	$5,268,704
19	$9,345,534	-$3,418,178 -$397,185	$5,530,171
20	$9,812,772	-$3,591,056 -$417,043	$5,804,673
21	$10,303,488	-$3,772,621 -$437,898	$6,092,969
22	$10,818,714	-$3,963,255 -$459,795	$6,395,664
23	$11,359,482	-$4,163,339 -$482,778	$6,713,365
24	$11,927,598	-$4,373,542 -$506,923	$7,047,133
25	$12,523,836	-$4,594,150 -$532,263	$7,397,423
26	$13,150,260	-$4,825,927 -$558,886	$7,765,447
27	$13,807,644	-$5,069,159 -$586,825	$8,151,660
28	$14,498,052	-$5,324,610 -$616,167	$8,557,275
29	$15,223,032	-$5,592,852 -$646,979	$8,983,201
30	$15,984,132	-$5,874,459 -$679,326	$9,430,347