The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Missouri residents, the state will deduct 4% from your lottery earnings.
Missouri Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
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Draw Date | Sat Apr 26, 2025 | Projected Jackpot | $168,000,000 | Cash Value | $77,100,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $77,100,000 | Federal Tax(24%) | $18,504,000 | Additional Federal Tax | $9,983,330 | State Tax(4%) | $3,084,000 | Net Lumpsum Payment | $45,528,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,528,568 |
$895,901 $101,143 |
$1,531,524 |
2 |
$2,655,072 |
$942,707 $106,203 |
$1,606,162 |
3 |
$2,787,792 |
$991,813 $111,512 |
$1,684,467 |
4 |
$2,927,232 |
$1,043,406 $117,089 |
$1,766,737 |
5 |
$3,073,560 |
$1,097,548 $122,942 |
$1,853,070 |
6 |
$3,227,280 |
$1,154,424 $129,091 |
$1,943,765 |
7 |
$3,388,560 |
$1,214,098 $135,542 |
$2,038,920 |
8 |
$3,558,072 |
$1,276,817 $142,323 |
$2,138,932 |
9 |
$3,735,984 |
$1,342,644 $149,439 |
$2,243,901 |
10 |
$3,922,800 |
$1,411,766 $156,912 |
$2,354,122 |
11 |
$4,118,856 |
$1,484,307 $164,754 |
$2,469,795 |
12 |
$4,324,824 |
$1,560,515 $172,993 |
$2,591,316 |
13 |
$4,541,040 |
$1,640,515 $181,642 |
$2,718,883 |
14 |
$4,768,176 |
$1,724,556 $190,727 |
$2,852,893 |
15 |
$5,006,568 |
$1,812,761 $200,263 |
$2,993,544 |
16 |
$5,256,888 |
$1,905,379 $210,276 |
$3,141,233 |
17 |
$5,519,640 |
$2,002,597 $220,786 |
$3,296,257 |
18 |
$5,795,664 |
$2,104,726 $231,827 |
$3,459,111 |
19 |
$6,085,464 |
$2,211,952 $243,419 |
$3,630,093 |
20 |
$6,389,712 |
$2,324,524 $255,588 |
$3,809,600 |
21 |
$6,709,248 |
$2,442,752 $268,370 |
$3,998,126 |
22 |
$7,044,744 |
$2,566,886 $281,790 |
$4,196,068 |
23 |
$7,396,872 |
$2,697,173 $295,875 |
$4,403,824 |
24 |
$7,766,808 |
$2,834,049 $310,672 |
$4,622,087 |
25 |
$8,155,056 |
$2,977,701 $326,202 |
$4,851,153 |
26 |
$8,562,960 |
$3,128,626 $342,518 |
$5,091,816 |
27 |
$8,991,024 |
$3,287,009 $359,641 |
$5,344,374 |
28 |
$9,440,592 |
$3,453,349 $377,624 |
$5,609,619 |
29 |
$9,912,672 |
$3,628,019 $396,507 |
$5,888,146 |
30 |
$10,408,272 |
$3,811,391 $416,331 |
$6,180,550 |
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