Jackpot Analysis Missouri Powerball

Jackpot Analysis for Missouri Powerball
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
Draw DateWed Feb 12, 2025
Projected Jackpot$154,000,000
Cash Value$71,400,000

Lumpsum Option Taxes and Payment
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
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