The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Sat Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(4%) | $2,344,000 | | Net Lumpsum Payment | $34,613,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$78,867 |
$1,202,962 |
| 2 |
$2,070,324 |
$726,350
$82,813 |
$1,261,161 |
| 3 |
$2,173,814 |
$764,642
$86,953 |
$1,322,219 |
| 4 |
$2,282,544 |
$804,872
$91,302 |
$1,386,370 |
| 5 |
$2,396,645 |
$847,089
$95,866 |
$1,453,690 |
| 6 |
$2,516,510 |
$891,439
$100,660 |
$1,524,411 |
| 7 |
$2,642,270 |
$937,970
$105,691 |
$1,598,609 |
| 8 |
$2,774,449 |
$986,877
$110,978 |
$1,676,594 |
| 9 |
$2,913,178 |
$1,038,206
$116,527 |
$1,758,445 |
| 10 |
$3,058,850 |
$1,092,105
$122,354 |
$1,844,391 |
| 11 |
$3,211,727 |
$1,148,669
$128,469 |
$1,934,589 |
| 12 |
$3,372,333 |
$1,208,094
$134,893 |
$2,029,346 |
| 13 |
$3,540,930 |
$1,270,474
$141,637 |
$2,128,819 |
| 14 |
$3,718,042 |
$1,336,006
$148,722 |
$2,233,314 |
| 15 |
$3,903,931 |
$1,404,785
$156,157 |
$2,342,989 |
| 16 |
$4,099,121 |
$1,477,005
$163,965 |
$2,458,151 |
| 17 |
$4,304,005 |
$1,552,812
$172,160 |
$2,579,033 |
| 18 |
$4,519,238 |
$1,632,448
$180,770 |
$2,706,020 |
| 19 |
$4,745,213 |
$1,716,059
$189,809 |
$2,839,345 |
| 20 |
$4,982,454 |
$1,803,838
$199,298 |
$2,979,318 |
| 21 |
$5,231,616 |
$1,896,028
$209,265 |
$3,126,323 |
| 22 |
$5,493,223 |
$1,992,823
$219,729 |
$3,280,671 |
| 23 |
$5,767,799 |
$2,094,416
$230,712 |
$3,442,671 |
| 24 |
$6,056,261 |
$2,201,147
$242,250 |
$3,612,864 |
| 25 |
$6,359,002 |
$2,313,161
$254,360 |
$3,791,481 |
| 26 |
$6,677,070 |
$2,430,846
$267,083 |
$3,979,141 |
| 27 |
$7,010,858 |
$2,554,348
$280,434 |
$4,176,076 |
| 28 |
$7,361,414 |
$2,684,054
$294,457 |
$4,382,903 |
| 29 |
$7,729,524 |
$2,820,254
$309,181 |
$4,600,089 |
| 30 |
$8,115,974 |
$2,963,241
$324,639 |
$4,828,094 |
|
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