The jackpot for the Powerball draw on Mon Aug 24, 2026, is projected to be $81 Million, with an option for a cash payout of $34.8 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 Mon Aug 24, 2026 |
|---|
| Draw Date | Mon Aug 24, 2026 | | Projected Jackpot | $81,000,000 | | Cash Value | $34,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,800,000 | | Federal Tax(24%) | $8,352,000 | | Additional Federal Tax | $4,484,330 | | State Tax(4%) | $1,392,000 | | Net Lumpsum Payment | $20,571,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$48,765 |
$758,957 |
| 2 |
$1,280,124 |
$433,976
$51,205 |
$794,943 |
| 3 |
$1,344,114 |
$457,653
$53,765 |
$832,696 |
| 4 |
$1,411,344 |
$482,528
$56,454 |
$872,362 |
| 5 |
$1,481,895 |
$508,632
$59,276 |
$913,987 |
| 6 |
$1,556,010 |
$536,054
$62,240 |
$957,716 |
| 7 |
$1,633,770 |
$564,825
$65,351 |
$1,003,594 |
| 8 |
$1,715,499 |
$595,065
$68,620 |
$1,051,814 |
| 9 |
$1,801,278 |
$626,803
$72,051 |
$1,102,424 |
| 10 |
$1,891,350 |
$660,130
$75,654 |
$1,155,566 |
| 11 |
$1,985,877 |
$695,105
$79,435 |
$1,211,337 |
| 12 |
$2,085,183 |
$731,848
$83,407 |
$1,269,928 |
| 13 |
$2,189,430 |
$770,419
$87,577 |
$1,331,434 |
| 14 |
$2,298,942 |
$810,939
$91,958 |
$1,396,045 |
| 15 |
$2,413,881 |
$853,466
$96,555 |
$1,463,860 |
| 16 |
$2,534,571 |
$898,122
$101,383 |
$1,535,066 |
| 17 |
$2,661,255 |
$944,995
$106,450 |
$1,609,810 |
| 18 |
$2,794,338 |
$994,235
$111,774 |
$1,688,329 |
| 19 |
$2,934,063 |
$1,045,934
$117,363 |
$1,770,766 |
| 20 |
$3,080,754 |
$1,100,209
$123,230 |
$1,857,315 |
| 21 |
$3,234,816 |
$1,157,212
$129,393 |
$1,948,211 |
| 22 |
$3,396,573 |
$1,217,062
$135,863 |
$2,043,648 |
| 23 |
$3,566,349 |
$1,279,880
$142,654 |
$2,143,815 |
| 24 |
$3,744,711 |
$1,345,873
$149,788 |
$2,249,050 |
| 25 |
$3,931,902 |
$1,415,134
$157,276 |
$2,359,492 |
| 26 |
$4,128,570 |
$1,487,901
$165,143 |
$2,475,526 |
| 27 |
$4,334,958 |
$1,564,265
$173,398 |
$2,597,295 |
| 28 |
$4,551,714 |
$1,644,465
$182,069 |
$2,725,180 |
| 29 |
$4,779,324 |
$1,728,680
$191,173 |
$2,859,471 |
| 30 |
$5,018,274 |
$1,817,092
$200,731 |
$3,000,451 |
|
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