The jackpot for the Powerball draw on Mon Jun 2, 2025, is projected to be $20 Million, with an option for a cash payout of $. 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 Jun 2, 2025
