USA Mega

Mississippi Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $14,000,000 for a ticket purchased in Mississippi, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Fri, Jan 9, 1998
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$44,493$9,272$156,955
2$221,256$47,865$9,735$163,656
3$232,319$51,405$10,222$170,692
4$243,935$55,122$10,733$178,080
5$256,132$59,193$11,270$185,668
6$268,938$63,676$11,833$193,429
7$282,385$68,382$12,425$201,578
8$296,504$73,324$13,046$210,134
9$311,330$78,513$13,699$219,118
10$326,896$83,961$14,383$228,552
11$343,241$89,682$15,103$238,457
12$360,403$95,688$15,858$248,857
13$378,423$101,995$16,651$259,777
14$397,344$108,618$17,483$271,243
15$417,211$115,571$18,357$283,283
16$438,072$122,872$19,275$295,924
17$459,976$130,539$20,239$309,198
18$482,974$138,588$21,251$323,135
19$507,123$147,040$22,313$337,769
20$532,479$155,915$23,429$353,135
21$559,103$165,233$24,601$369,269
22$587,058$175,018$25,831$386,210
23$616,411$185,291$27,122$403,998
24$647,232$196,496$28,478$422,258
25$679,593$208,470$29,902$441,221
26$713,573$221,042$31,397$461,134
27$749,252$234,243$32,967$482,041
28$786,714$248,105$34,615$503,994
29$826,050$262,659$36,346$527,045
30$867,352$277,941$38,164$551,248
Total$14,000,000$4,006,940$616,000$9,377,058

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.