The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 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 Jul 9, 2025 |
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Draw Date | Wed Jul 9, 2025 | Projected Jackpot | $216,000,000 | Cash Value | $98,400,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $98,400,000 | Federal Tax(24%) | $23,616,000 | Additional Federal Tax | $12,752,330 | State Tax(4%) | $3,936,000 | Net Lumpsum Payment | $58,095,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,251,016 |
$1,163,206 $130,041 |
$1,957,769 |
2 |
$3,413,664 |
$1,223,386 $136,547 |
$2,053,731 |
3 |
$3,584,304 |
$1,286,523 $143,372 |
$2,154,409 |
4 |
$3,763,584 |
$1,352,856 $150,543 |
$2,260,185 |
5 |
$3,951,720 |
$1,422,467 $158,069 |
$2,371,184 |
6 |
$4,149,360 |
$1,495,594 $165,974 |
$2,487,792 |
7 |
$4,356,720 |
$1,572,317 $174,269 |
$2,610,134 |
8 |
$4,574,664 |
$1,652,956 $182,987 |
$2,738,721 |
9 |
$4,803,408 |
$1,737,591 $192,136 |
$2,873,681 |
10 |
$5,043,600 |
$1,826,462 $201,744 |
$3,015,394 |
11 |
$5,295,672 |
$1,919,729 $211,827 |
$3,164,116 |
12 |
$5,560,488 |
$2,017,711 $222,420 |
$3,320,357 |
13 |
$5,838,480 |
$2,120,568 $233,539 |
$3,484,373 |
14 |
$6,130,512 |
$2,228,620 $245,220 |
$3,656,672 |
15 |
$6,437,016 |
$2,342,026 $257,481 |
$3,837,509 |
16 |
$6,758,856 |
$2,461,107 $270,354 |
$4,027,395 |
17 |
$7,096,680 |
$2,586,102 $283,867 |
$4,226,711 |
18 |
$7,451,568 |
$2,717,411 $298,063 |
$4,436,094 |
19 |
$7,824,168 |
$2,855,273 $312,967 |
$4,655,928 |
20 |
$8,215,344 |
$3,000,008 $328,614 |
$4,886,722 |
21 |
$8,626,176 |
$3,152,016 $345,047 |
$5,129,113 |
22 |
$9,057,528 |
$3,311,616 $362,301 |
$5,383,611 |
23 |
$9,510,264 |
$3,479,128 $380,411 |
$5,650,725 |
24 |
$9,985,896 |
$3,655,112 $399,436 |
$5,931,348 |
25 |
$10,485,072 |
$3,839,807 $419,403 |
$6,225,862 |
26 |
$11,009,520 |
$4,033,853 $440,381 |
$6,535,286 |
27 |
$11,559,888 |
$4,237,489 $462,396 |
$6,860,003 |
28 |
$12,137,904 |
$4,451,355 $485,516 |
$7,201,033 |
29 |
$12,744,864 |
$4,675,930 $509,795 |
$7,559,139 |
30 |
$13,382,064 |
$4,911,694 $535,283 |
$7,935,087 |
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