PBPowerballTax

4.80% state lottery tax

Missouri Powerball Tax Calculator

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Missouri applies a 4.80% state lottery tax. Combined with the 24% federal withholding and the top-bracket federal adjustment, the effective tax on a large jackpot lands around 38–42%.

Note: 4.80% top rate

Missouri after-tax take-home by jackpot tier

24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.

AdvertisedCash take-homeCash effectiveAnnuity take-home
$100M$35.0M41.66%$58.3M
$300M$104.8M41.75%$174.7M
$500M$174.7M41.77%$291.1M
$700M$244.5M41.78%$407.5M
$1B$349.3M41.79%$582.1M
$1.5B$523.9M41.79%$873.1M
$2B$698.5M41.79%$1.2B

Missouri vs neighboring states ($1B cash)

StateRateCash take-home
Missouri (MO)4.8%$349.3M
Iowa (IA)3.8%$355.3M
Illinois (IL)4.95%$348.4M
Kansas (KS)5.2%$346.9M

Frequently asked questions

Does Missouri tax Powerball winnings?

Missouri taxes Powerball winnings at 4.80%. Note: 4.80% top rate.

How much does a $1 billion Powerball winner take home in Missouri?

On a $1 billion advertised jackpot taken as cash (gross $600,000,000), a Missouri winner keeps approximately $349,283,278 after taxes — an effective rate of about 41.79%.

Can I avoid Missouri lottery tax by moving states before claiming?

No. State lottery tax is determined by the state where the ticket was sold, not the winner's residence. A ticket bought in Missouri is taxed at Missouri's 4.80% rate; the winner's home state may credit or assess additional tax at filing.

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