The jackpot for the Powerball draw on Mon Jul 20, 2026, is projected to be $544 Million, with an option for a cash payout of $241.6 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 Missouri residents, the state will deduct 4% from your lottery earnings.
| Missouri Powerball Jackpot/Cash Option for Mon Jul 20, 2026 |
|---|
| Draw Date | Mon Jul 20, 2026 | | Projected Jackpot | $544,000,000 | | Cash Value | $241,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $241,600,000 | | Federal Tax(24%) | $57,984,000 | | Additional Federal Tax | $31,368,330 | | State Tax(4%) | $9,664,000 | | Net Lumpsum Payment | $142,583,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,187,744 |
$2,989,796
$327,510 |
$4,870,438 |
| 2 |
$8,597,376 |
$3,141,360
$343,895 |
$5,112,121 |
| 3 |
$9,027,136 |
$3,300,371
$361,085 |
$5,365,680 |
| 4 |
$9,478,656 |
$3,467,433
$379,146 |
$5,632,077 |
| 5 |
$9,952,480 |
$3,642,748
$398,099 |
$5,911,633 |
| 6 |
$10,450,240 |
$3,826,919
$418,010 |
$6,205,311 |
| 7 |
$10,972,480 |
$4,020,148
$438,899 |
$6,513,433 |
| 8 |
$11,521,376 |
$4,223,240
$460,855 |
$6,837,281 |
| 9 |
$12,097,472 |
$4,436,395
$483,899 |
$7,177,178 |
| 10 |
$12,702,400 |
$4,660,218
$508,096 |
$7,534,086 |
| 11 |
$13,337,248 |
$4,895,112
$533,490 |
$7,908,646 |
| 12 |
$14,004,192 |
$5,141,881
$560,168 |
$8,302,143 |
| 13 |
$14,704,320 |
$5,400,929
$588,173 |
$8,715,218 |
| 14 |
$15,439,808 |
$5,673,059
$617,592 |
$9,149,157 |
| 15 |
$16,211,744 |
$5,958,676
$648,470 |
$9,604,598 |
| 16 |
$17,022,304 |
$6,258,583
$680,892 |
$10,082,829 |
| 17 |
$17,873,120 |
$6,573,385
$714,925 |
$10,584,810 |
| 18 |
$18,766,912 |
$6,904,088
$750,676 |
$11,112,148 |
| 19 |
$19,705,312 |
$7,251,296
$788,212 |
$11,665,804 |
| 20 |
$20,690,496 |
$7,615,814
$827,620 |
$12,247,062 |
| 21 |
$21,725,184 |
$7,998,648
$869,007 |
$12,857,529 |
| 22 |
$22,811,552 |
$8,400,605
$912,462 |
$13,498,485 |
| 23 |
$23,951,776 |
$8,822,488
$958,071 |
$14,171,217 |
| 24 |
$25,149,664 |
$9,265,706
$1,005,987 |
$14,877,971 |
| 25 |
$26,406,848 |
$9,730,864
$1,056,274 |
$15,619,710 |
| 26 |
$27,727,680 |
$10,219,572
$1,109,107 |
$16,399,001 |
| 27 |
$29,113,792 |
$10,732,433
$1,164,552 |
$17,216,807 |
| 28 |
$30,569,536 |
$11,271,059
$1,222,781 |
$18,075,696 |
| 29 |
$32,098,176 |
$11,836,656
$1,283,927 |
$18,977,593 |
| 30 |
$33,702,976 |
$12,430,432
$1,348,119 |
$19,924,425 |
|
|
