The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(4%) | $6,628,000 | | Net Lumpsum Payment | $97,802,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$212,520 |
$3,174,342 |
| 2 |
$5,578,812 |
$2,024,491
$223,152 |
$3,331,169 |
| 3 |
$5,857,682 |
$2,127,673
$234,307 |
$3,495,702 |
| 4 |
$6,150,672 |
$2,236,079
$246,027 |
$3,668,566 |
| 5 |
$6,458,135 |
$2,349,840
$258,325 |
$3,849,970 |
| 6 |
$6,781,130 |
$2,469,348
$271,245 |
$4,040,537 |
| 7 |
$7,120,010 |
$2,594,734
$284,800 |
$4,240,476 |
| 8 |
$7,476,187 |
$2,726,520
$299,047 |
$4,450,620 |
| 9 |
$7,850,014 |
$2,864,836
$314,001 |
$4,671,177 |
| 10 |
$8,242,550 |
$3,010,074
$329,702 |
$4,902,774 |
| 11 |
$8,654,501 |
$3,162,496
$346,180 |
$5,145,825 |
| 12 |
$9,087,279 |
$3,322,624
$363,491 |
$5,401,164 |
| 13 |
$9,541,590 |
$3,490,719
$381,664 |
$5,669,207 |
| 14 |
$10,018,846 |
$3,667,303
$400,754 |
$5,950,789 |
| 15 |
$10,519,753 |
$3,852,639
$420,790 |
$6,246,324 |
| 16 |
$11,045,723 |
$4,047,248
$441,829 |
$6,556,646 |
| 17 |
$11,597,815 |
$4,251,522
$463,913 |
$6,882,380 |
| 18 |
$12,177,794 |
$4,466,114
$487,112 |
$7,224,568 |
| 19 |
$12,786,719 |
$4,691,416
$511,469 |
$7,583,834 |
| 20 |
$13,426,002 |
$4,927,951
$537,040 |
$7,961,011 |
| 21 |
$14,097,408 |
$5,176,371
$563,896 |
$8,357,141 |
| 22 |
$14,802,349 |
$5,437,200
$592,094 |
$8,773,055 |
| 23 |
$15,542,237 |
$5,710,958
$621,689 |
$9,209,590 |
| 24 |
$16,319,543 |
$5,998,561
$652,782 |
$9,668,200 |
| 25 |
$17,135,326 |
$6,300,401
$685,413 |
$10,149,512 |
| 26 |
$17,992,410 |
$6,617,522
$719,696 |
$10,655,192 |
| 27 |
$18,891,854 |
$6,950,316
$755,674 |
$11,185,864 |
| 28 |
$19,836,482 |
$7,299,829
$793,459 |
$11,743,194 |
| 29 |
$20,828,412 |
$7,666,843
$833,136 |
$12,328,433 |
| 30 |
$21,869,762 |
$8,052,142
$874,790 |
$12,942,830 |
|
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