The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(4%) | $1,176,000 | | Net Lumpsum Payment | $17,385,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$39,133 |
$616,875 |
| 2 |
$1,027,260 |
$340,417
$41,090 |
$645,753 |
| 3 |
$1,078,610 |
$359,416
$43,144 |
$676,050 |
| 4 |
$1,132,560 |
$379,378
$45,302 |
$707,880 |
| 5 |
$1,189,175 |
$400,325
$47,567 |
$741,283 |
| 6 |
$1,248,650 |
$422,331
$49,946 |
$776,373 |
| 7 |
$1,311,050 |
$445,419
$52,442 |
$813,189 |
| 8 |
$1,376,635 |
$469,685
$55,065 |
$851,885 |
| 9 |
$1,445,470 |
$495,154
$57,819 |
$892,497 |
| 10 |
$1,517,750 |
$521,898
$60,710 |
$935,142 |
| 11 |
$1,593,605 |
$549,964
$63,744 |
$979,897 |
| 12 |
$1,673,295 |
$579,450
$66,932 |
$1,026,913 |
| 13 |
$1,756,950 |
$610,402
$70,278 |
$1,076,270 |
| 14 |
$1,844,830 |
$642,917
$73,793 |
$1,128,120 |
| 15 |
$1,937,065 |
$677,044
$77,483 |
$1,182,538 |
| 16 |
$2,033,915 |
$712,879
$81,357 |
$1,239,679 |
| 17 |
$2,135,575 |
$750,493
$85,423 |
$1,299,659 |
| 18 |
$2,242,370 |
$790,007
$89,695 |
$1,362,668 |
| 19 |
$2,354,495 |
$831,494
$94,180 |
$1,428,821 |
| 20 |
$2,472,210 |
$875,048
$98,888 |
$1,498,274 |
| 21 |
$2,595,840 |
$920,791
$103,834 |
$1,571,215 |
| 22 |
$2,725,645 |
$968,819
$109,026 |
$1,647,800 |
| 23 |
$2,861,885 |
$1,019,228
$114,475 |
$1,728,182 |
| 24 |
$3,005,015 |
$1,072,186
$120,201 |
$1,812,628 |
| 25 |
$3,155,230 |
$1,127,765
$126,209 |
$1,901,256 |
| 26 |
$3,313,050 |
$1,186,159
$132,522 |
$1,994,369 |
| 27 |
$3,478,670 |
$1,247,438
$139,147 |
$2,092,085 |
| 28 |
$3,652,610 |
$1,311,796
$146,104 |
$2,194,710 |
| 29 |
$3,835,260 |
$1,379,377
$153,410 |
$2,302,473 |
| 30 |
$4,027,010 |
$1,450,324
$161,080 |
$2,415,606 |
|
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