The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Wed Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(4%) | $1,840,000 | | Net Lumpsum Payment | $27,179,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$60,806 |
$936,559 |
| 2 |
$1,596,204 |
$550,926
$63,848 |
$981,430 |
| 3 |
$1,675,994 |
$580,448
$67,040 |
$1,028,506 |
| 4 |
$1,759,824 |
$611,465
$70,393 |
$1,077,966 |
| 5 |
$1,847,795 |
$644,015
$73,912 |
$1,129,868 |
| 6 |
$1,940,210 |
$678,208
$77,608 |
$1,184,394 |
| 7 |
$2,037,170 |
$714,083
$81,487 |
$1,241,600 |
| 8 |
$2,139,079 |
$751,790
$85,563 |
$1,301,726 |
| 9 |
$2,246,038 |
$791,364
$89,842 |
$1,364,832 |
| 10 |
$2,358,350 |
$832,920
$94,334 |
$1,431,096 |
| 11 |
$2,476,217 |
$876,531
$99,049 |
$1,500,637 |
| 12 |
$2,600,043 |
$922,346
$104,002 |
$1,573,695 |
| 13 |
$2,730,030 |
$970,441
$109,201 |
$1,650,388 |
| 14 |
$2,866,582 |
$1,020,966
$114,663 |
$1,730,953 |
| 15 |
$3,009,901 |
$1,073,994
$120,396 |
$1,815,511 |
| 16 |
$3,160,391 |
$1,129,675
$126,416 |
$1,904,300 |
| 17 |
$3,318,355 |
$1,188,122
$132,734 |
$1,997,499 |
| 18 |
$3,484,298 |
$1,249,521
$139,372 |
$2,095,405 |
| 19 |
$3,658,523 |
$1,313,984
$146,341 |
$2,198,198 |
| 20 |
$3,841,434 |
$1,381,661
$153,657 |
$2,306,116 |
| 21 |
$4,033,536 |
$1,452,739
$161,341 |
$2,419,456 |
| 22 |
$4,235,233 |
$1,527,367
$169,409 |
$2,538,457 |
| 23 |
$4,446,929 |
$1,605,694
$177,877 |
$2,663,358 |
| 24 |
$4,669,331 |
$1,687,983
$186,773 |
$2,794,575 |
| 25 |
$4,902,742 |
$1,774,345
$196,110 |
$2,932,287 |
| 26 |
$5,147,970 |
$1,865,079
$205,919 |
$3,076,972 |
| 27 |
$5,405,318 |
$1,960,298
$216,213 |
$3,228,807 |
| 28 |
$5,675,594 |
$2,060,300
$227,024 |
$3,388,270 |
| 29 |
$5,959,404 |
$2,165,310
$238,376 |
$3,555,718 |
| 30 |
$6,257,354 |
$2,275,551
$250,294 |
$3,731,509 |
|
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