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Michigan Powerball Jackpot Annuity Payout Schedule for Nov 10, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $492,300,000 for a ticket purchased in Michigan, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Michigan

Drawing Date:Mon, Nov 10, 2025
Jackpot:$492,300,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,409,821$2,697,591$314,917$4,397,313
2$7,780,313$2,834,673$330,663$4,614,976
3$8,169,328$2,978,609$347,196$4,843,523
4$8,577,795$3,129,741$364,556$5,083,497
5$9,006,684$3,288,430$382,784$5,335,470
6$9,457,019$3,455,054$401,923$5,600,041
7$9,929,870$3,630,009$422,019$5,877,841
8$10,426,363$3,813,712$443,120$6,169,531
9$10,947,681$4,006,599$465,276$6,475,805
10$11,495,065$4,209,131$488,540$6,797,394
11$12,069,819$4,421,790$512,967$7,135,061
12$12,673,309$4,645,082$538,616$7,489,612
13$13,306,975$4,879,538$565,546$7,861,890
14$13,972,324$5,125,717$593,824$8,252,783
15$14,670,940$5,384,205$623,515$8,663,220
16$15,404,487$5,655,617$654,691$9,094,179
17$16,174,711$5,940,600$687,425$9,546,685
18$16,983,447$6,239,833$721,796$10,021,818
19$17,832,619$6,554,026$757,886$10,520,706
20$18,724,250$6,883,930$795,781$11,044,540
21$19,660,462$7,230,328$835,570$11,594,564
22$20,643,485$7,594,047$877,348$12,172,090
23$21,675,660$7,975,951$921,216$12,778,493
24$22,759,443$8,376,951$967,276$13,415,215
25$23,897,415$8,798,001$1,015,640$14,083,774
26$25,092,286$9,240,103$1,066,422$14,785,761
27$26,346,900$9,704,310$1,119,743$15,522,847
28$27,664,245$10,191,728$1,175,730$16,296,786
29$29,047,457$10,703,516$1,234,517$17,109,424
30$30,499,830$11,240,894$1,296,243$17,962,693
Total$492,300,001$180,829,716$20,922,746$290,547,532

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.