The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(4%) | $2,240,000 | | Net Lumpsum Payment | $33,079,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$74,653 |
$1,140,801 |
| 2 |
$1,959,696 |
$685,418
$78,388 |
$1,195,890 |
| 3 |
$2,057,656 |
$721,663
$82,306 |
$1,253,687 |
| 4 |
$2,160,576 |
$759,744
$86,423 |
$1,314,409 |
| 5 |
$2,268,580 |
$799,705
$90,743 |
$1,378,132 |
| 6 |
$2,382,040 |
$841,685
$95,282 |
$1,445,073 |
| 7 |
$2,501,080 |
$885,730
$100,043 |
$1,515,307 |
| 8 |
$2,626,196 |
$932,023
$105,048 |
$1,589,125 |
| 9 |
$2,757,512 |
$980,610
$110,300 |
$1,666,602 |
| 10 |
$2,895,400 |
$1,031,628
$115,816 |
$1,747,956 |
| 11 |
$3,040,108 |
$1,085,170
$121,604 |
$1,833,334 |
| 12 |
$3,192,132 |
$1,141,419
$127,685 |
$1,923,028 |
| 13 |
$3,351,720 |
$1,200,467
$134,069 |
$2,017,184 |
| 14 |
$3,519,368 |
$1,262,497
$140,775 |
$2,116,096 |
| 15 |
$3,695,324 |
$1,327,600
$147,813 |
$2,219,911 |
| 16 |
$3,880,084 |
$1,395,961
$155,203 |
$2,328,920 |
| 17 |
$4,074,020 |
$1,467,718
$162,961 |
$2,443,341 |
| 18 |
$4,277,752 |
$1,543,099
$171,110 |
$2,563,543 |
| 19 |
$4,491,652 |
$1,622,242
$179,666 |
$2,689,744 |
| 20 |
$4,716,216 |
$1,705,330
$188,649 |
$2,822,237 |
| 21 |
$4,952,064 |
$1,792,594
$198,083 |
$2,961,387 |
| 22 |
$5,199,692 |
$1,884,216
$207,988 |
$3,107,488 |
| 23 |
$5,459,596 |
$1,980,381
$218,384 |
$3,260,831 |
| 24 |
$5,732,644 |
$2,081,409
$229,306 |
$3,421,929 |
| 25 |
$6,019,208 |
$2,187,437
$240,768 |
$3,591,003 |
| 26 |
$6,320,280 |
$2,298,834
$252,811 |
$3,768,635 |
| 27 |
$6,636,232 |
$2,415,736
$265,449 |
$3,955,047 |
| 28 |
$6,968,056 |
$2,538,511
$278,722 |
$4,150,823 |
| 29 |
$7,316,496 |
$2,667,434
$292,660 |
$4,356,402 |
| 30 |
$7,682,296 |
$2,802,780
$307,292 |
$4,572,224 |
|
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