The jackpot for the Powerball draw on Sat Aug 29, 2026, is projected to be $119 Million, with an option for a cash payout of $51.1 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 Sat Aug 29, 2026 |
|---|
| Draw Date | Sat Aug 29, 2026 | | Projected Jackpot | $119,000,000 | | Cash Value | $51,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $51,100,000 | | Federal Tax(24%) | $12,264,000 | | Additional Federal Tax | $6,603,330 | | State Tax(4%) | $2,044,000 | | Net Lumpsum Payment | $30,188,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,791,069 |
$623,026
$71,643 |
$1,096,400 |
| 2 |
$1,880,676 |
$656,181
$75,227 |
$1,149,268 |
| 3 |
$1,974,686 |
$690,964
$78,987 |
$1,204,735 |
| 4 |
$2,073,456 |
$727,509
$82,938 |
$1,263,009 |
| 5 |
$2,177,105 |
$765,859
$87,084 |
$1,324,162 |
| 6 |
$2,285,990 |
$806,147
$91,440 |
$1,388,403 |
| 7 |
$2,400,230 |
$848,415
$96,009 |
$1,455,806 |
| 8 |
$2,520,301 |
$892,842
$100,812 |
$1,526,647 |
| 9 |
$2,646,322 |
$939,470
$105,853 |
$1,600,999 |
| 10 |
$2,778,650 |
$988,431
$111,146 |
$1,679,073 |
| 11 |
$2,917,523 |
$1,039,814
$116,701 |
$1,761,008 |
| 12 |
$3,063,417 |
$1,093,795
$122,537 |
$1,847,085 |
| 13 |
$3,216,570 |
$1,150,461
$128,663 |
$1,937,446 |
| 14 |
$3,377,458 |
$1,209,990
$135,098 |
$2,032,370 |
| 15 |
$3,546,319 |
$1,272,468
$141,853 |
$2,131,998 |
| 16 |
$3,723,629 |
$1,338,073
$148,945 |
$2,236,611 |
| 17 |
$3,909,745 |
$1,406,936
$156,390 |
$2,346,419 |
| 18 |
$4,105,262 |
$1,479,277
$164,210 |
$2,461,775 |
| 19 |
$4,310,537 |
$1,555,229
$172,421 |
$2,582,887 |
| 20 |
$4,526,046 |
$1,634,967
$181,042 |
$2,710,037 |
| 21 |
$4,752,384 |
$1,718,712
$190,095 |
$2,843,577 |
| 22 |
$4,990,027 |
$1,806,640
$199,601 |
$2,983,786 |
| 23 |
$5,239,451 |
$1,898,927
$209,578 |
$3,130,946 |
| 24 |
$5,501,489 |
$1,995,881
$220,060 |
$3,285,548 |
| 25 |
$5,776,498 |
$2,097,635
$231,060 |
$3,447,803 |
| 26 |
$6,065,430 |
$2,204,539
$242,617 |
$3,618,274 |
| 27 |
$6,368,642 |
$2,316,728
$254,746 |
$3,797,168 |
| 28 |
$6,687,086 |
$2,434,552
$267,483 |
$3,985,051 |
| 29 |
$7,021,476 |
$2,558,277
$280,859 |
$4,182,340 |
| 30 |
$7,372,526 |
$2,688,165
$294,901 |
$4,389,460 |
|
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