The jackpot for the Powerball draw on Wed Feb 12, 2025, is projected to be $154 Million, with an option for a cash payout of $71.4 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 Feb 12, 2025 |
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Draw Date | Wed Feb 12, 2025 | Projected Jackpot | $154,000,000 | Cash Value | $71,400,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $71,400,000 | Federal Tax(24%) | $17,136,000 | Additional Federal Tax | $9,242,330 | State Tax(4%) | $2,856,000 | Net Lumpsum Payment | $42,165,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,317,854 |
$817,936 $92,714 |
$1,407,204 |
2 |
$2,433,816 |
$860,842 $97,353 |
$1,475,621 |
3 |
$2,555,476 |
$905,857 $102,219 |
$1,547,400 |
4 |
$2,683,296 |
$953,150 $107,332 |
$1,622,814 |
5 |
$2,817,430 |
$1,002,779 $112,697 |
$1,701,954 |
6 |
$2,958,340 |
$1,054,916 $118,334 |
$1,785,090 |
7 |
$3,106,180 |
$1,109,617 $124,247 |
$1,872,316 |
8 |
$3,261,566 |
$1,167,110 $130,463 |
$1,963,993 |
9 |
$3,424,652 |
$1,227,452 $136,986 |
$2,060,214 |
10 |
$3,595,900 |
$1,290,813 $143,836 |
$2,161,251 |
11 |
$3,775,618 |
$1,357,309 $151,025 |
$2,267,284 |
12 |
$3,964,422 |
$1,427,167 $158,577 |
$2,378,678 |
13 |
$4,162,620 |
$1,500,500 $166,505 |
$2,495,615 |
14 |
$4,370,828 |
$1,577,537 $174,833 |
$2,618,458 |
15 |
$4,589,354 |
$1,658,391 $183,574 |
$2,747,389 |
16 |
$4,818,814 |
$1,743,292 $192,753 |
$2,882,769 |
17 |
$5,059,670 |
$1,832,408 $202,387 |
$3,024,875 |
18 |
$5,312,692 |
$1,926,026 $212,508 |
$3,174,158 |
19 |
$5,578,342 |
$2,024,317 $223,134 |
$3,330,891 |
20 |
$5,857,236 |
$2,127,508 $234,289 |
$3,495,439 |
21 |
$6,150,144 |
$2,235,884 $246,006 |
$3,668,254 |
22 |
$6,457,682 |
$2,349,673 $258,307 |
$3,849,702 |
23 |
$6,780,466 |
$2,469,103 $271,219 |
$4,040,144 |
24 |
$7,119,574 |
$2,594,573 $284,783 |
$4,240,218 |
25 |
$7,475,468 |
$2,726,254 $299,019 |
$4,450,195 |
26 |
$7,849,380 |
$2,864,601 $313,975 |
$4,670,804 |
27 |
$8,241,772 |
$3,009,786 $329,671 |
$4,902,315 |
28 |
$8,653,876 |
$3,162,265 $346,155 |
$5,145,456 |
29 |
$9,086,616 |
$3,322,378 $363,465 |
$5,400,773 |
30 |
$9,540,916 |
$3,490,469 $381,637 |
$5,668,810 |
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