The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Mon Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(4%) | $11,788,000 | | Net Lumpsum Payment | $173,912,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$413,601 |
$6,140,292 |
| 2 |
$10,857,348 |
$3,977,549
$434,294 |
$6,445,505 |
| 3 |
$11,400,078 |
$4,178,359
$456,003 |
$6,765,716 |
| 4 |
$11,970,288 |
$4,389,337
$478,812 |
$7,102,139 |
| 5 |
$12,568,665 |
$4,610,736
$502,747 |
$7,455,182 |
| 6 |
$13,197,270 |
$4,843,320
$527,891 |
$7,826,059 |
| 7 |
$13,856,790 |
$5,087,343
$554,272 |
$8,215,175 |
| 8 |
$14,549,973 |
$5,343,820
$581,999 |
$8,624,154 |
| 9 |
$15,277,506 |
$5,613,008
$611,100 |
$9,053,398 |
| 10 |
$16,041,450 |
$5,895,667
$641,658 |
$9,504,125 |
| 11 |
$16,843,179 |
$6,192,307
$673,727 |
$9,977,145 |
| 12 |
$17,685,441 |
$6,503,944
$707,418 |
$10,474,079 |
| 13 |
$18,569,610 |
$6,831,086
$742,784 |
$10,995,740 |
| 14 |
$19,498,434 |
$7,174,751
$779,937 |
$11,543,746 |
| 15 |
$20,473,287 |
$7,535,447
$818,931 |
$12,118,909 |
| 16 |
$21,496,917 |
$7,914,190
$859,877 |
$12,722,850 |
| 17 |
$22,571,385 |
$8,311,743
$902,855 |
$13,356,787 |
| 18 |
$23,700,126 |
$8,729,377
$948,005 |
$14,022,744 |
| 19 |
$24,885,201 |
$9,167,855
$995,408 |
$14,721,938 |
| 20 |
$26,129,358 |
$9,628,193
$1,045,174 |
$15,455,991 |
| 21 |
$27,436,032 |
$10,111,662
$1,097,441 |
$16,226,929 |
| 22 |
$28,807,971 |
$10,619,280
$1,152,319 |
$17,036,372 |
| 23 |
$30,247,923 |
$11,152,062
$1,209,917 |
$17,885,944 |
| 24 |
$31,760,697 |
$11,711,788
$1,270,428 |
$18,778,481 |
| 25 |
$33,348,354 |
$12,299,221
$1,333,934 |
$19,715,199 |
| 26 |
$35,016,390 |
$12,916,395
$1,400,656 |
$20,699,339 |
| 27 |
$36,766,866 |
$13,564,071
$1,470,675 |
$21,732,120 |
| 28 |
$38,605,278 |
$14,244,283
$1,544,211 |
$22,816,784 |
| 29 |
$40,535,748 |
$14,958,557
$1,621,430 |
$23,955,761 |
| 30 |
$42,562,398 |
$15,708,418
$1,702,496 |
$25,151,484 |
|
|
