The jackpot for the Powerball draw on Sat Jan 4, 2025, is projected to be $200 Million, with an option for a cash payout of $90.7 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 4, 2025 |
|---|
| Draw Date | Sat Jan 4, 2025 | | Projected Jackpot | $200,000,000 | | Cash Value | $90,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,700,000 | | Federal Tax(24%) | $21,768,000 | | Additional Federal Tax | $11,751,330 | | State Tax(4%) | $3,628,000 | | Net Lumpsum Payment | $53,552,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,010,200 |
$1,074,104
$120,408 |
$1,815,688 |
| 2 |
$3,160,800 |
$1,129,826
$126,432 |
$1,904,542 |
| 3 |
$3,318,800 |
$1,188,286
$132,752 |
$1,997,762 |
| 4 |
$3,484,800 |
$1,249,706
$139,392 |
$2,095,702 |
| 5 |
$3,659,000 |
$1,314,160
$146,360 |
$2,198,480 |
| 6 |
$3,842,000 |
$1,381,870
$153,680 |
$2,306,450 |
| 7 |
$4,034,000 |
$1,452,910
$161,360 |
$2,419,730 |
| 8 |
$4,235,800 |
$1,527,576
$169,432 |
$2,538,792 |
| 9 |
$4,447,600 |
$1,605,942
$177,904 |
$2,663,754 |
| 10 |
$4,670,000 |
$1,688,230
$186,800 |
$2,794,970 |
| 11 |
$4,903,400 |
$1,774,588
$196,136 |
$2,932,676 |
| 12 |
$5,148,600 |
$1,865,312
$205,944 |
$3,077,344 |
| 13 |
$5,406,000 |
$1,960,550
$216,240 |
$3,229,210 |
| 14 |
$5,676,400 |
$2,060,598
$227,056 |
$3,388,746 |
| 15 |
$5,960,200 |
$2,165,604
$238,408 |
$3,556,188 |
| 16 |
$6,258,200 |
$2,275,864
$250,328 |
$3,732,008 |
| 17 |
$6,571,000 |
$2,391,600
$262,840 |
$3,916,560 |
| 18 |
$6,899,600 |
$2,513,182
$275,984 |
$4,110,434 |
| 19 |
$7,244,600 |
$2,640,832
$289,784 |
$4,313,984 |
| 20 |
$7,606,800 |
$2,774,846
$304,272 |
$4,527,682 |
| 21 |
$7,987,200 |
$2,915,594
$319,488 |
$4,752,118 |
| 22 |
$8,386,600 |
$3,063,372
$335,464 |
$4,987,764 |
| 23 |
$8,805,800 |
$3,218,476
$352,232 |
$5,235,092 |
| 24 |
$9,246,200 |
$3,381,424
$369,848 |
$5,494,928 |
| 25 |
$9,708,400 |
$3,552,438
$388,336 |
$5,767,626 |
| 26 |
$10,194,000 |
$3,732,110
$407,760 |
$6,054,130 |
| 27 |
$10,703,600 |
$3,920,662
$428,144 |
$6,354,794 |
| 28 |
$11,238,800 |
$4,118,686
$449,552 |
$6,670,562 |
| 29 |
$11,800,800 |
$4,326,626
$472,032 |
$7,002,142 |
| 30 |
$12,390,800 |
$4,544,926
$495,632 |
$7,350,242 |
|
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