The jackpot for the Powerball draw on Mon Dec 8, 2025, is projected to be $875 Million, with an option for a cash payout of $403.6 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 Dec 8, 2025 |
|---|
| Draw Date | Mon Dec 8, 2025 | | Projected Jackpot | $875,000,000 | | Cash Value | $403,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $403,600,000 | | Federal Tax(24%) | $96,864,000 | | Additional Federal Tax | $52,428,330 | | State Tax(4.25%) | $17,153,000 | | Net Lumpsum Payment | $237,154,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,169,625 |
$4,833,092
$559,709 |
$7,776,824 |
| 2 |
$13,828,500 |
$5,076,875
$587,711 |
$8,163,914 |
| 3 |
$14,519,750 |
$5,332,638
$617,089 |
$8,570,023 |
| 4 |
$15,246,000 |
$5,601,350
$647,955 |
$8,996,695 |
| 5 |
$16,008,125 |
$5,883,337
$680,345 |
$9,444,443 |
| 6 |
$16,808,750 |
$6,179,568
$714,372 |
$9,914,810 |
| 7 |
$17,648,750 |
$6,490,368
$750,072 |
$10,408,310 |
| 8 |
$18,531,625 |
$6,817,032
$787,594 |
$10,926,999 |
| 9 |
$19,458,250 |
$7,159,883
$826,976 |
$11,471,391 |
| 10 |
$20,431,250 |
$7,519,893
$868,328 |
$12,043,029 |
| 11 |
$21,452,375 |
$7,897,709
$911,726 |
$12,642,940 |
| 12 |
$22,525,125 |
$8,294,627
$957,318 |
$13,273,180 |
| 13 |
$23,651,250 |
$8,711,293
$1,005,178 |
$13,934,779 |
| 14 |
$24,834,250 |
$9,149,003
$1,055,456 |
$14,629,791 |
| 15 |
$26,075,875 |
$9,608,404
$1,108,225 |
$15,359,246 |
| 16 |
$27,379,625 |
$10,090,792
$1,163,634 |
$16,125,199 |
| 17 |
$28,748,125 |
$10,597,137
$1,221,795 |
$16,929,193 |
| 18 |
$30,185,750 |
$11,129,058
$1,282,894 |
$17,773,798 |
| 19 |
$31,695,125 |
$11,687,527
$1,347,043 |
$18,660,555 |
| 20 |
$33,279,750 |
$12,273,838
$1,414,389 |
$19,591,523 |
| 21 |
$34,944,000 |
$12,889,610
$1,485,120 |
$20,569,270 |
| 22 |
$36,691,375 |
$13,536,139
$1,559,383 |
$21,595,853 |
| 23 |
$38,525,375 |
$14,214,719
$1,637,328 |
$22,673,328 |
| 24 |
$40,452,125 |
$14,927,617
$1,719,215 |
$23,805,293 |
| 25 |
$42,474,250 |
$15,675,803
$1,805,156 |
$24,993,291 |
| 26 |
$44,598,750 |
$16,461,868
$1,895,447 |
$26,241,435 |
| 27 |
$46,828,250 |
$17,286,783
$1,990,201 |
$27,551,266 |
| 28 |
$49,169,750 |
$18,153,138
$2,089,714 |
$28,926,898 |
| 29 |
$51,628,500 |
$19,062,875
$2,194,211 |
$30,371,414 |
| 30 |
$54,209,750 |
$20,017,938
$2,303,914 |
$31,887,898 |
|
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