The jackpot for the Powerball draw on Wed Aug 19, 2026, is projected to be $48 Million, with an option for a cash payout of $20.8 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 Aug 19, 2026 |
|---|
| Draw Date | Wed Aug 19, 2026 | | Projected Jackpot | $48,000,000 | | Cash Value | $20,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,800,000 | | Federal Tax(24%) | $4,992,000 | | Additional Federal Tax | $2,664,330 | | State Tax(4%) | $832,000 | | Net Lumpsum Payment | $12,311,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$722,448 |
$227,636
$28,898 |
$465,914 |
| 2 |
$758,592 |
$241,009
$30,344 |
$487,239 |
| 3 |
$796,512 |
$255,040
$31,860 |
$509,612 |
| 4 |
$836,352 |
$269,781
$33,454 |
$533,117 |
| 5 |
$878,160 |
$285,250
$35,126 |
$557,784 |
| 6 |
$922,080 |
$301,500
$36,883 |
$583,697 |
| 7 |
$968,160 |
$318,550
$38,726 |
$610,884 |
| 8 |
$1,016,592 |
$336,469
$40,664 |
$639,459 |
| 9 |
$1,067,424 |
$355,277
$42,697 |
$669,450 |
| 10 |
$1,120,800 |
$375,026
$44,832 |
$700,942 |
| 11 |
$1,176,816 |
$395,752
$47,073 |
$733,991 |
| 12 |
$1,235,664 |
$417,526
$49,427 |
$768,711 |
| 13 |
$1,297,440 |
$440,383
$51,898 |
$805,159 |
| 14 |
$1,362,336 |
$464,395
$54,493 |
$843,448 |
| 15 |
$1,430,448 |
$489,596
$57,218 |
$883,634 |
| 16 |
$1,501,968 |
$516,059
$60,079 |
$925,830 |
| 17 |
$1,577,040 |
$543,835
$63,082 |
$970,123 |
| 18 |
$1,655,904 |
$573,015
$66,236 |
$1,016,653 |
| 19 |
$1,738,704 |
$603,651
$69,548 |
$1,065,505 |
| 20 |
$1,825,632 |
$635,814
$73,025 |
$1,116,793 |
| 21 |
$1,916,928 |
$669,594
$76,677 |
$1,170,657 |
| 22 |
$2,012,784 |
$705,060
$80,511 |
$1,227,213 |
| 23 |
$2,113,392 |
$742,285
$84,536 |
$1,286,571 |
| 24 |
$2,219,088 |
$781,393
$88,764 |
$1,348,931 |
| 25 |
$2,330,016 |
$822,436
$93,201 |
$1,414,379 |
| 26 |
$2,446,560 |
$865,558
$97,862 |
$1,483,140 |
| 27 |
$2,568,864 |
$910,810
$102,755 |
$1,555,299 |
| 28 |
$2,697,312 |
$958,336
$107,892 |
$1,631,084 |
| 29 |
$2,832,192 |
$1,008,241
$113,288 |
$1,710,663 |
| 30 |
$2,973,792 |
$1,060,633
$118,952 |
$1,794,207 |
|
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