The jackpot for the Powerball draw on Wed Sep 3, 2025, is projected to be $1.30 Billion, with an option for a cash payout of $589 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 Sep 3, 2025 |
|---|
| Draw Date | Wed Sep 3, 2025 | | Projected Jackpot | $1,300,000,000 | | Cash Value | $589,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $589,000,000 | | Federal Tax(24%) | $141,360,000 | | Additional Federal Tax | $76,530,330 | | State Tax(4%) | $23,560,000 | | Net Lumpsum Payment | $347,549,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$19,566,300 |
$7,199,861
$782,652 |
$11,583,787 |
| 2 |
$20,545,200 |
$7,562,054
$821,808 |
$12,161,338 |
| 3 |
$21,572,200 |
$7,942,044
$862,888 |
$12,767,268 |
| 4 |
$22,651,200 |
$8,341,274
$906,048 |
$13,403,878 |
| 5 |
$23,783,500 |
$8,760,225
$951,340 |
$14,071,935 |
| 6 |
$24,973,000 |
$9,200,340
$998,920 |
$14,773,740 |
| 7 |
$26,221,000 |
$9,662,100
$1,048,840 |
$15,510,060 |
| 8 |
$27,532,700 |
$10,147,429
$1,101,308 |
$16,283,963 |
| 9 |
$28,909,400 |
$10,656,808
$1,156,376 |
$17,096,216 |
| 10 |
$30,355,000 |
$11,191,680
$1,214,200 |
$17,949,120 |
| 11 |
$31,872,100 |
$11,753,007
$1,274,884 |
$18,844,209 |
| 12 |
$33,465,900 |
$12,342,713
$1,338,636 |
$19,784,551 |
| 13 |
$35,139,000 |
$12,961,760
$1,405,560 |
$20,771,680 |
| 14 |
$36,896,600 |
$13,612,072
$1,475,864 |
$21,808,664 |
| 15 |
$38,741,300 |
$14,294,611
$1,549,652 |
$22,897,037 |
| 16 |
$40,678,300 |
$15,011,301
$1,627,132 |
$24,039,867 |
| 17 |
$42,711,500 |
$15,763,585
$1,708,460 |
$25,239,455 |
| 18 |
$44,847,400 |
$16,553,868
$1,793,896 |
$26,499,636 |
| 19 |
$47,089,900 |
$17,383,593
$1,883,596 |
$27,822,711 |
| 20 |
$49,444,200 |
$18,254,684
$1,977,768 |
$29,211,748 |
| 21 |
$51,916,800 |
$19,169,546
$2,076,672 |
$30,670,582 |
| 22 |
$54,512,900 |
$20,130,103
$2,180,516 |
$32,202,281 |
| 23 |
$57,237,700 |
$21,138,279
$2,289,508 |
$33,809,913 |
| 24 |
$60,100,300 |
$22,197,441
$2,404,012 |
$35,498,847 |
| 25 |
$63,104,600 |
$23,309,032
$2,524,184 |
$37,271,384 |
| 26 |
$66,261,000 |
$24,476,900
$2,650,440 |
$39,133,660 |
| 27 |
$69,573,400 |
$25,702,488
$2,782,936 |
$41,087,976 |
| 28 |
$73,052,200 |
$26,989,644
$2,922,088 |
$43,140,468 |
| 29 |
$76,705,200 |
$28,341,254
$3,068,208 |
$45,295,738 |
| 30 |
$80,540,200 |
$29,760,204
$3,221,608 |
$47,558,388 |
|
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