Missouri Lottery

MOLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 28, 2026 is estimated to be $716 Million, with a cash option of 307.2 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Missouri, your state will take 4% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Missouri Powerball Jackpot/Cash Option for Wed Oct 28, 2026

Draw Date	Jackpot	Cash Option
Wed Oct 28, 2026	$716,000,000	$307,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$307,200,000
Federal Tax(24%)	$73,728,000
Additional Federal Tax	$39,896,330
State Tax(4%)	$12,288,000
Net Lumpsum Payment	$181,287,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,776,516	-$3,947,641 -$431,061	$6,397,814
2	$11,315,664	-$4,147,126 -$452,627	$6,715,911
3	$11,881,304	-$4,356,413 -$475,252	$7,049,639
4	$12,475,584	-$4,576,296 -$499,023	$7,400,265
5	$13,099,220	-$4,807,042 -$523,969	$7,768,209
6	$13,754,360	-$5,049,444 -$550,174	$8,154,742
7	$14,441,720	-$5,303,767 -$577,669	$8,560,284
8	$15,164,164	-$5,571,071 -$606,567	$8,986,526
9	$15,922,408	-$5,851,621 -$636,896	$9,433,891
10	$16,718,600	-$6,146,212 -$668,744	$9,903,644
11	$17,554,172	-$6,455,374 -$702,167	$10,396,631
12	$18,431,988	-$6,780,166 -$737,280	$10,914,542
13	$19,353,480	-$7,121,118 -$774,139	$11,458,223
14	$20,321,512	-$7,479,290 -$812,860	$12,029,362
15	$21,337,516	-$7,855,211 -$853,501	$12,628,804
16	$22,404,356	-$8,249,942 -$896,174	$13,258,240
17	$23,524,180	-$8,664,277 -$940,967	$13,918,936
18	$24,700,568	-$9,099,541 -$988,023	$14,613,004
19	$25,935,668	-$9,556,528 -$1,037,427	$15,341,713
20	$27,232,344	-$10,036,298 -$1,089,294	$16,106,752
21	$28,594,176	-$10,540,176 -$1,143,767	$16,910,233
22	$30,024,028	-$11,069,221 -$1,200,961	$17,753,846
23	$31,524,764	-$11,624,493 -$1,260,991	$18,639,280
24	$33,101,396	-$12,207,847 -$1,324,056	$19,569,493
25	$34,756,072	-$12,820,077 -$1,390,243	$20,545,752
26	$36,494,520	-$13,463,303 -$1,459,781	$21,571,436
27	$38,318,888	-$14,138,319 -$1,532,756	$22,647,813
28	$40,234,904	-$14,847,245 -$1,609,396	$23,778,263
29	$42,246,864	-$15,591,670 -$1,689,875	$24,965,319
30	$44,359,064	-$16,373,184 -$1,774,363	$26,211,517