The jackpot for the Powerball draw on Mon Aug 10, 2026, is projected to be $905 Million, with an option for a cash payout of $391.9 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 Mon Aug 10, 2026 |
|---|
| Draw Date | Mon Aug 10, 2026 | | Projected Jackpot | $905,000,000 | | Cash Value | $391,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,900,000 | | Federal Tax(24%) | $94,056,000 | | Additional Federal Tax | $50,907,330 | | State Tax(4%) | $15,676,000 | | Net Lumpsum Payment | $231,260,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,621,155 |
$5,000,158
$544,846 |
$8,076,151 |
| 2 |
$14,302,620 |
$5,252,300
$572,105 |
$8,478,215 |
| 3 |
$15,017,570 |
$5,516,831
$600,703 |
$8,900,036 |
| 4 |
$15,768,720 |
$5,794,757
$630,749 |
$9,343,214 |
| 5 |
$16,556,975 |
$6,086,411
$662,279 |
$9,808,285 |
| 6 |
$17,385,050 |
$6,392,799
$695,402 |
$10,296,849 |
| 7 |
$18,253,850 |
$6,714,255
$730,154 |
$10,809,441 |
| 8 |
$19,166,995 |
$7,052,119
$766,680 |
$11,348,196 |
| 9 |
$20,125,390 |
$7,406,725
$805,016 |
$11,913,649 |
| 10 |
$21,131,750 |
$7,779,078
$845,270 |
$12,507,402 |
| 11 |
$22,187,885 |
$8,169,848
$887,515 |
$13,130,522 |
| 12 |
$23,297,415 |
$8,580,374
$931,897 |
$13,785,144 |
| 13 |
$24,462,150 |
$9,011,326
$978,486 |
$14,472,338 |
| 14 |
$25,685,710 |
$9,464,043
$1,027,428 |
$15,194,239 |
| 15 |
$26,969,905 |
$9,939,195
$1,078,796 |
$15,951,914 |
| 16 |
$28,318,355 |
$10,438,122
$1,132,734 |
$16,747,499 |
| 17 |
$29,733,775 |
$10,961,827
$1,189,351 |
$17,582,597 |
| 18 |
$31,220,690 |
$11,511,986
$1,248,828 |
$18,459,876 |
| 19 |
$32,781,815 |
$12,089,602
$1,311,273 |
$19,380,940 |
| 20 |
$34,420,770 |
$12,696,015
$1,376,831 |
$20,347,924 |
| 21 |
$36,142,080 |
$13,332,900
$1,445,683 |
$21,363,497 |
| 22 |
$37,949,365 |
$14,001,595
$1,517,975 |
$22,429,795 |
| 23 |
$39,846,245 |
$14,703,441
$1,593,850 |
$23,548,954 |
| 24 |
$41,839,055 |
$15,440,781
$1,673,562 |
$24,724,712 |
| 25 |
$43,930,510 |
$16,214,619
$1,757,220 |
$25,958,671 |
| 26 |
$46,127,850 |
$17,027,635
$1,845,114 |
$27,255,101 |
| 27 |
$48,433,790 |
$17,880,833
$1,937,352 |
$28,615,605 |
| 28 |
$50,855,570 |
$18,776,891
$2,034,223 |
$30,044,456 |
| 29 |
$53,398,620 |
$19,717,820
$2,135,945 |
$31,544,855 |
| 30 |
$56,068,370 |
$20,705,627
$2,242,735 |
$33,120,008 |
|
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