The jackpot for the Powerball draw on Wed Jul 15, 2026, is projected to be $498 Million, with an option for a cash payout of $221 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 Jul 15, 2026 |
|---|
| Draw Date | Wed Jul 15, 2026 | | Projected Jackpot | $498,000,000 | | Cash Value | $221,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,000,000 | | Federal Tax(24%) | $53,040,000 | | Additional Federal Tax | $28,690,330 | | State Tax(4%) | $8,840,000 | | Net Lumpsum Payment | $130,429,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,495,398 |
$2,733,628
$299,816 |
$4,461,954 |
| 2 |
$7,870,392 |
$2,872,375
$314,816 |
$4,683,201 |
| 3 |
$8,263,812 |
$3,017,941
$330,552 |
$4,915,319 |
| 4 |
$8,677,152 |
$3,170,877
$347,086 |
$5,159,189 |
| 5 |
$9,110,910 |
$3,331,367
$364,436 |
$5,415,107 |
| 6 |
$9,566,580 |
$3,499,965
$382,663 |
$5,683,952 |
| 7 |
$10,044,660 |
$3,676,855
$401,786 |
$5,966,019 |
| 8 |
$10,547,142 |
$3,862,773
$421,886 |
$6,262,483 |
| 9 |
$11,074,524 |
$4,057,904
$442,981 |
$6,573,639 |
| 10 |
$11,628,300 |
$4,262,801
$465,132 |
$6,900,367 |
| 11 |
$12,209,466 |
$4,477,833
$488,379 |
$7,243,254 |
| 12 |
$12,820,014 |
$4,703,736
$512,801 |
$7,603,477 |
| 13 |
$13,460,940 |
$4,940,878
$538,438 |
$7,981,624 |
| 14 |
$14,134,236 |
$5,189,998
$565,369 |
$8,378,869 |
| 15 |
$14,840,898 |
$5,451,463
$593,636 |
$8,795,799 |
| 16 |
$15,582,918 |
$5,726,010
$623,317 |
$9,233,591 |
| 17 |
$16,361,790 |
$6,014,193
$654,472 |
$9,693,125 |
| 18 |
$17,180,004 |
$6,316,932
$687,200 |
$10,175,872 |
| 19 |
$18,039,054 |
$6,634,780
$721,562 |
$10,682,712 |
| 20 |
$18,940,932 |
$6,968,475
$757,637 |
$11,214,820 |
| 21 |
$19,888,128 |
$7,318,938
$795,525 |
$11,773,665 |
| 22 |
$20,882,634 |
$7,686,905
$835,305 |
$12,360,424 |
| 23 |
$21,926,442 |
$8,073,114
$877,058 |
$12,976,270 |
| 24 |
$23,023,038 |
$8,478,854
$920,922 |
$13,623,262 |
| 25 |
$24,173,916 |
$8,904,679
$966,957 |
$14,302,280 |
| 26 |
$25,383,060 |
$9,352,063
$1,015,322 |
$15,015,675 |
| 27 |
$26,651,964 |
$9,821,557
$1,066,079 |
$15,764,328 |
| 28 |
$27,984,612 |
$10,314,637
$1,119,384 |
$16,550,591 |
| 29 |
$29,383,992 |
$10,832,407
$1,175,360 |
$17,376,225 |
| 30 |
$30,853,092 |
$11,375,974
$1,234,124 |
$18,242,994 |
|
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