The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(4%) | $7,208,000 | | Net Lumpsum Payment | $106,357,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$238,408 |
$3,556,185 |
| 2 |
$6,258,384 |
$2,275,932
$250,335 |
$3,732,117 |
| 3 |
$6,571,224 |
$2,391,683
$262,849 |
$3,916,692 |
| 4 |
$6,899,904 |
$2,513,295
$275,996 |
$4,110,613 |
| 5 |
$7,244,820 |
$2,640,914
$289,793 |
$4,314,113 |
| 6 |
$7,607,160 |
$2,774,980
$304,286 |
$4,527,894 |
| 7 |
$7,987,320 |
$2,915,639
$319,493 |
$4,752,188 |
| 8 |
$8,386,884 |
$3,063,477
$335,475 |
$4,987,932 |
| 9 |
$8,806,248 |
$3,218,642
$352,250 |
$5,235,356 |
| 10 |
$9,246,600 |
$3,381,572
$369,864 |
$5,495,164 |
| 11 |
$9,708,732 |
$3,552,561
$388,349 |
$5,767,822 |
| 12 |
$10,194,228 |
$3,732,195
$407,769 |
$6,054,264 |
| 13 |
$10,703,880 |
$3,920,766
$428,155 |
$6,354,959 |
| 14 |
$11,239,272 |
$4,118,861
$449,571 |
$6,670,840 |
| 15 |
$11,801,196 |
$4,326,773
$472,048 |
$7,002,375 |
| 16 |
$12,391,236 |
$4,545,088
$495,649 |
$7,350,499 |
| 17 |
$13,010,580 |
$4,774,245
$520,423 |
$7,715,912 |
| 18 |
$13,661,208 |
$5,014,977
$546,448 |
$8,099,783 |
| 19 |
$14,344,308 |
$5,267,724
$573,772 |
$8,502,812 |
| 20 |
$15,061,464 |
$5,533,072
$602,459 |
$8,925,933 |
| 21 |
$15,814,656 |
$5,811,753
$632,586 |
$9,370,317 |
| 22 |
$16,605,468 |
$6,104,354
$664,219 |
$9,836,895 |
| 23 |
$17,435,484 |
$6,411,459
$697,419 |
$10,326,606 |
| 24 |
$18,307,476 |
$6,734,097
$732,299 |
$10,841,080 |
| 25 |
$19,222,632 |
$7,072,704
$768,905 |
$11,381,023 |
| 26 |
$20,184,120 |
$7,428,455
$807,365 |
$11,948,300 |
| 27 |
$21,193,128 |
$7,801,788
$847,725 |
$12,543,615 |
| 28 |
$22,252,824 |
$8,193,875
$890,113 |
$13,168,836 |
| 29 |
$23,365,584 |
$8,605,596
$934,623 |
$13,825,365 |
| 30 |
$24,533,784 |
$9,037,830
$981,351 |
$14,514,603 |
|
|
