The jackpot for the Powerball draw on Mon Jun 1, 2026, is projected to be $180 Million, with an option for a cash payout of $80.4 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 Mon Jun 1, 2026 |
|---|
| Draw Date | Mon Jun 1, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $80,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,400,000 | | Federal Tax(24%) | $19,296,000 | | Additional Federal Tax | $10,412,330 | | State Tax(4%) | $3,216,000 | | Net Lumpsum Payment | $47,475,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$108,367 |
$1,638,086 |
| 2 |
$2,844,720 |
$1,012,877
$113,789 |
$1,718,054 |
| 3 |
$2,986,920 |
$1,065,491
$119,477 |
$1,801,952 |
| 4 |
$3,136,320 |
$1,120,769
$125,453 |
$1,890,098 |
| 5 |
$3,293,100 |
$1,178,777
$131,724 |
$1,982,599 |
| 6 |
$3,457,800 |
$1,239,716
$138,312 |
$2,079,772 |
| 7 |
$3,630,600 |
$1,303,652
$145,224 |
$2,181,724 |
| 8 |
$3,812,220 |
$1,370,852
$152,489 |
$2,288,879 |
| 9 |
$4,002,840 |
$1,441,381
$160,114 |
$2,401,345 |
| 10 |
$4,203,000 |
$1,515,440
$168,120 |
$2,519,440 |
| 11 |
$4,413,060 |
$1,593,163
$176,522 |
$2,643,375 |
| 12 |
$4,633,740 |
$1,674,814
$185,350 |
$2,773,576 |
| 13 |
$4,865,400 |
$1,760,528
$194,616 |
$2,910,256 |
| 14 |
$5,108,760 |
$1,850,572
$204,350 |
$3,053,838 |
| 15 |
$5,364,180 |
$1,945,077
$214,567 |
$3,204,536 |
| 16 |
$5,632,380 |
$2,044,311
$225,295 |
$3,362,774 |
| 17 |
$5,913,900 |
$2,148,473
$236,556 |
$3,528,871 |
| 18 |
$6,209,640 |
$2,257,897
$248,386 |
$3,703,357 |
| 19 |
$6,520,140 |
$2,372,782
$260,806 |
$3,886,552 |
| 20 |
$6,846,120 |
$2,493,395
$273,845 |
$4,078,880 |
| 21 |
$7,188,480 |
$2,620,068
$287,539 |
$4,280,873 |
| 22 |
$7,547,940 |
$2,753,068
$301,918 |
$4,492,954 |
| 23 |
$7,925,220 |
$2,892,662
$317,009 |
$4,715,549 |
| 24 |
$8,321,580 |
$3,039,315
$332,863 |
$4,949,402 |
| 25 |
$8,737,560 |
$3,193,228
$349,502 |
$5,194,830 |
| 26 |
$9,174,600 |
$3,354,932
$366,984 |
$5,452,684 |
| 27 |
$9,633,240 |
$3,524,629
$385,330 |
$5,723,281 |
| 28 |
$10,114,920 |
$3,702,851
$404,597 |
$6,007,472 |
| 29 |
$10,620,720 |
$3,889,997
$424,829 |
$6,305,894 |
| 30 |
$11,151,720 |
$4,086,467
$446,069 |
$6,619,184 |
|
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