The jackpot for the Powerball draw on Mon May 19, 2025, is projected to be $134 Million, with an option for a cash payout of $60.3 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 May 19, 2025 |
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Draw Date | Mon May 19, 2025 | Projected Jackpot | $134,000,000 | Cash Value | $60,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $60,300,000 | Federal Tax(24%) | $14,472,000 | Additional Federal Tax | $7,799,330 | State Tax(4%) | $2,412,000 | Net Lumpsum Payment | $35,616,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,016,834 |
$706,559 $80,673 |
$1,229,602 |
2 |
$2,117,736 |
$743,893 $84,709 |
$1,289,134 |
3 |
$2,223,596 |
$783,061 $88,944 |
$1,351,591 |
4 |
$2,334,816 |
$824,212 $93,393 |
$1,417,211 |
5 |
$2,451,530 |
$867,396 $98,061 |
$1,486,073 |
6 |
$2,574,140 |
$912,762 $102,966 |
$1,558,412 |
7 |
$2,702,780 |
$960,359 $108,111 |
$1,634,310 |
8 |
$2,837,986 |
$1,010,385 $113,519 |
$1,714,082 |
9 |
$2,979,892 |
$1,062,890 $119,196 |
$1,797,806 |
10 |
$3,128,900 |
$1,118,023 $125,156 |
$1,885,721 |
11 |
$3,285,278 |
$1,175,883 $131,411 |
$1,977,984 |
12 |
$3,449,562 |
$1,236,668 $137,982 |
$2,074,912 |
13 |
$3,622,020 |
$1,300,478 $144,881 |
$2,176,661 |
14 |
$3,803,188 |
$1,367,510 $152,128 |
$2,283,550 |
15 |
$3,993,334 |
$1,437,864 $159,733 |
$2,395,737 |
16 |
$4,192,994 |
$1,511,738 $167,720 |
$2,513,536 |
17 |
$4,402,570 |
$1,589,281 $176,103 |
$2,637,186 |
18 |
$4,622,732 |
$1,670,741 $184,909 |
$2,767,082 |
19 |
$4,853,882 |
$1,756,267 $194,155 |
$2,903,460 |
20 |
$5,096,556 |
$1,846,056 $203,862 |
$3,046,638 |
21 |
$5,351,424 |
$1,940,357 $214,057 |
$3,197,010 |
22 |
$5,619,022 |
$2,039,369 $224,761 |
$3,354,892 |
23 |
$5,899,886 |
$2,143,288 $235,995 |
$3,520,603 |
24 |
$6,194,954 |
$2,252,463 $247,798 |
$3,694,693 |
25 |
$6,504,628 |
$2,367,043 $260,185 |
$3,877,400 |
26 |
$6,829,980 |
$2,487,423 $273,199 |
$4,069,358 |
27 |
$7,171,412 |
$2,613,753 $286,856 |
$4,270,803 |
28 |
$7,529,996 |
$2,746,429 $301,200 |
$4,482,367 |
29 |
$7,906,536 |
$2,885,749 $316,261 |
$4,704,526 |
30 |
$8,301,836 |
$3,032,010 $332,073 |
$4,937,753 |
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