Missouri Lottery

MOLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 21, 2025 is estimated to be $118 Million, with a cash option of 53.4 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 Sat Jun 21, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 21, 2025	$118,000,000	$53,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,400,000
Federal Tax(24%)	$12,816,000
Additional Federal Tax	$6,902,330
State Tax(4%)	$2,136,000
Net Lumpsum Payment	$31,545,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$71,041	$1,087,520
2	$1,864,872	-$650,333 -$74,595	$1,139,944
3	$1,958,092	-$684,824 -$78,324	$1,194,944
4	$2,056,032	-$721,062 -$82,241	$1,252,729
5	$2,158,810	-$759,090 -$86,352	$1,313,368
6	$2,266,780	-$799,039 -$90,671	$1,377,070
7	$2,380,060	-$840,953 -$95,202	$1,443,905
8	$2,499,122	-$885,006 -$99,965	$1,514,151
9	$2,624,084	-$931,241 -$104,963	$1,587,880
10	$2,755,300	-$979,791 -$110,212	$1,665,297
11	$2,893,006	-$1,030,743 -$115,720	$1,746,543
12	$3,037,674	-$1,084,270 -$121,507	$1,831,897
13	$3,189,540	-$1,140,460 -$127,582	$1,921,498
14	$3,349,076	-$1,199,489 -$133,963	$2,015,624
15	$3,516,518	-$1,261,442 -$140,661	$2,114,415
16	$3,692,338	-$1,326,495 -$147,694	$2,218,149
17	$3,876,890	-$1,394,780 -$155,076	$2,327,034
18	$4,070,764	-$1,466,513 -$162,831	$2,441,420
19	$4,274,314	-$1,541,827 -$170,973	$2,561,514
20	$4,488,012	-$1,620,895 -$179,520	$2,687,597
21	$4,712,448	-$1,703,936 -$188,498	$2,820,014
22	$4,948,094	-$1,791,125 -$197,924	$2,959,045
23	$5,195,422	-$1,882,637 -$207,817	$3,104,968
24	$5,455,258	-$1,978,776 -$218,210	$3,258,272
25	$5,727,956	-$2,079,674 -$229,118	$3,419,164
26	$6,014,460	-$2,185,681 -$240,578	$3,588,201
27	$6,315,124	-$2,296,926 -$252,605	$3,765,593
28	$6,630,892	-$2,413,760 -$265,236	$3,951,896
29	$6,962,472	-$2,536,445 -$278,499	$4,147,528
30	$7,310,572	-$2,665,242 -$292,423	$4,352,907