The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(4.25%) | $32,737,750 | | Net Lumpsum Payment | $452,590,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,087,435 |
$15,071,856 |
| 2 |
$26,866,800 |
$9,901,046
$1,141,839 |
$15,823,915 |
| 3 |
$28,209,800 |
$10,397,956
$1,198,917 |
$16,612,927 |
| 4 |
$29,620,800 |
$10,920,026
$1,258,884 |
$17,441,890 |
| 5 |
$31,101,500 |
$11,467,885
$1,321,814 |
$18,311,801 |
| 6 |
$32,657,000 |
$12,043,420
$1,387,923 |
$19,225,657 |
| 7 |
$34,289,000 |
$12,647,260
$1,457,283 |
$20,184,457 |
| 8 |
$36,004,300 |
$13,281,921
$1,530,183 |
$21,192,196 |
| 9 |
$37,804,600 |
$13,948,032
$1,606,696 |
$22,249,872 |
| 10 |
$39,695,000 |
$14,647,480
$1,687,038 |
$23,360,482 |
| 11 |
$41,678,900 |
$15,381,523
$1,771,353 |
$24,526,024 |
| 12 |
$43,763,100 |
$16,152,677
$1,859,932 |
$25,750,491 |
| 13 |
$45,951,000 |
$16,962,200
$1,952,918 |
$27,035,882 |
| 14 |
$48,249,400 |
$17,812,608
$2,050,600 |
$28,386,192 |
| 15 |
$50,661,700 |
$18,705,159
$2,153,122 |
$29,803,419 |
| 16 |
$53,194,700 |
$19,642,369
$2,260,775 |
$31,291,556 |
| 17 |
$55,853,500 |
$20,626,125
$2,373,774 |
$32,853,601 |
| 18 |
$58,646,600 |
$21,659,572
$2,492,481 |
$34,494,547 |
| 19 |
$61,579,100 |
$22,744,597
$2,617,112 |
$36,217,391 |
| 20 |
$64,657,800 |
$23,883,716
$2,747,957 |
$38,026,127 |
| 21 |
$67,891,200 |
$25,080,074
$2,885,376 |
$39,925,750 |
| 22 |
$71,286,100 |
$26,336,187
$3,029,659 |
$41,920,254 |
| 23 |
$74,849,300 |
$27,654,571
$3,181,095 |
$44,013,634 |
| 24 |
$78,592,700 |
$29,039,629
$3,340,190 |
$46,212,881 |
| 25 |
$82,521,400 |
$30,493,248
$3,507,160 |
$48,520,992 |
| 26 |
$86,649,000 |
$32,020,460
$3,682,583 |
$50,945,957 |
| 27 |
$90,980,600 |
$33,623,152
$3,866,676 |
$53,490,772 |
| 28 |
$95,529,800 |
$35,306,356
$4,060,017 |
$56,163,427 |
| 29 |
$100,306,800 |
$37,073,846
$4,263,039 |
$58,969,915 |
| 30 |
$105,321,800 |
$38,929,396
$4,476,177 |
$61,916,227 |
|
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