The jackpot for the Powerball draw on Wed Apr 29, 2026, is projected to be $143 Million, with an option for a cash payout of $65 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 Apr 29, 2026 |
|---|
| Draw Date | Wed Apr 29, 2026 | | Projected Jackpot | $143,000,000 | | Cash Value | $65,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,000,000 | | Federal Tax(24%) | $15,600,000 | | Additional Federal Tax | $8,410,330 | | State Tax(4%) | $2,600,000 | | Net Lumpsum Payment | $38,389,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,152,293 |
$756,679
$86,092 |
$1,309,522 |
| 2 |
$2,259,972 |
$796,520
$90,399 |
$1,373,053 |
| 3 |
$2,372,942 |
$838,319
$94,918 |
$1,439,705 |
| 4 |
$2,491,632 |
$882,234
$99,665 |
$1,509,733 |
| 5 |
$2,616,185 |
$928,319
$104,647 |
$1,583,219 |
| 6 |
$2,747,030 |
$976,731
$109,881 |
$1,660,418 |
| 7 |
$2,884,310 |
$1,027,525
$115,372 |
$1,741,413 |
| 8 |
$3,028,597 |
$1,080,911
$121,144 |
$1,826,542 |
| 9 |
$3,180,034 |
$1,136,943
$127,201 |
$1,915,890 |
| 10 |
$3,339,050 |
$1,195,779
$133,562 |
$2,009,709 |
| 11 |
$3,505,931 |
$1,257,525
$140,237 |
$2,108,169 |
| 12 |
$3,681,249 |
$1,322,393
$147,250 |
$2,211,606 |
| 13 |
$3,865,290 |
$1,390,488
$154,612 |
$2,320,190 |
| 14 |
$4,058,626 |
$1,462,022
$162,345 |
$2,434,259 |
| 15 |
$4,261,543 |
$1,537,101
$170,462 |
$2,553,980 |
| 16 |
$4,474,613 |
$1,615,937
$178,985 |
$2,679,691 |
| 17 |
$4,698,265 |
$1,698,688
$187,931 |
$2,811,646 |
| 18 |
$4,933,214 |
$1,785,620
$197,329 |
$2,950,265 |
| 19 |
$5,179,889 |
$1,876,889
$207,196 |
$3,095,804 |
| 20 |
$5,438,862 |
$1,972,709
$217,554 |
$3,248,599 |
| 21 |
$5,710,848 |
$2,073,344
$228,434 |
$3,409,070 |
| 22 |
$5,996,419 |
$2,179,005
$239,857 |
$3,577,557 |
| 23 |
$6,296,147 |
$2,289,905
$251,846 |
$3,754,396 |
| 24 |
$6,611,033 |
$2,406,413
$264,441 |
$3,940,179 |
| 25 |
$6,941,506 |
$2,528,688
$277,660 |
$4,135,158 |
| 26 |
$7,288,710 |
$2,657,153
$291,548 |
$4,340,009 |
| 27 |
$7,653,074 |
$2,791,968
$306,123 |
$4,554,983 |
| 28 |
$8,035,742 |
$2,933,555
$321,430 |
$4,780,757 |
| 29 |
$8,437,572 |
$3,082,232
$337,503 |
$5,017,837 |
| 30 |
$8,859,422 |
$3,238,317
$354,377 |
$5,266,728 |
|
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