The jackpot for the Powerball draw on Wed Jan 21, 2026, is projected to be $209 Million, with an option for a cash payout of $95.2 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 Wed Jan 21, 2026 |
|---|
| Draw Date | Wed Jan 21, 2026 | | Projected Jackpot | $209,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(4%) | $3,808,000 | | Net Lumpsum Payment | $56,207,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,145,659 |
$1,124,224
$125,826 |
$1,895,609 |
| 2 |
$3,303,036 |
$1,182,454
$132,121 |
$1,988,461 |
| 3 |
$3,468,146 |
$1,243,544
$138,726 |
$2,085,876 |
| 4 |
$3,641,616 |
$1,307,728
$145,665 |
$2,188,223 |
| 5 |
$3,823,655 |
$1,375,083
$152,946 |
$2,295,626 |
| 6 |
$4,014,890 |
$1,445,840
$160,596 |
$2,408,454 |
| 7 |
$4,215,530 |
$1,520,076
$168,621 |
$2,526,833 |
| 8 |
$4,426,411 |
$1,598,102
$177,056 |
$2,651,253 |
| 9 |
$4,647,742 |
$1,679,995
$185,910 |
$2,781,837 |
| 10 |
$4,880,150 |
$1,765,986
$195,206 |
$2,918,958 |
| 11 |
$5,124,053 |
$1,856,230
$204,962 |
$3,062,861 |
| 12 |
$5,380,287 |
$1,951,037
$215,211 |
$3,214,039 |
| 13 |
$5,649,270 |
$2,050,560
$225,971 |
$3,372,739 |
| 14 |
$5,931,838 |
$2,155,110
$237,274 |
$3,539,454 |
| 15 |
$6,228,409 |
$2,264,842
$249,136 |
$3,714,431 |
| 16 |
$6,539,819 |
$2,380,063
$261,593 |
$3,898,163 |
| 17 |
$6,866,695 |
$2,501,008
$274,668 |
$4,091,019 |
| 18 |
$7,210,082 |
$2,628,061
$288,403 |
$4,293,618 |
| 19 |
$7,570,607 |
$2,761,455
$302,824 |
$4,506,328 |
| 20 |
$7,949,106 |
$2,901,500
$317,964 |
$4,729,642 |
| 21 |
$8,346,624 |
$3,048,581
$333,865 |
$4,964,178 |
| 22 |
$8,763,997 |
$3,203,009
$350,560 |
$5,210,428 |
| 23 |
$9,202,061 |
$3,365,093
$368,082 |
$5,468,886 |
| 24 |
$9,662,279 |
$3,535,374
$386,491 |
$5,740,414 |
| 25 |
$10,145,278 |
$3,714,083
$405,811 |
$6,025,384 |
| 26 |
$10,652,730 |
$3,901,840
$426,109 |
$6,324,781 |
| 27 |
$11,185,262 |
$4,098,877
$447,410 |
$6,638,975 |
| 28 |
$11,744,546 |
$4,305,812
$469,782 |
$6,968,952 |
| 29 |
$12,331,836 |
$4,523,110
$493,273 |
$7,315,453 |
| 30 |
$12,948,386 |
$4,751,233
$517,935 |
$7,679,218 |
|
|
