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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2022 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 $451,000,000 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 prize money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$339,410$3,974,199
2$7,127,607$2,600,170$356,380$4,171,057
3$7,483,987$2,732,030$374,199$4,377,758
4$7,858,187$2,870,484$392,909$4,594,793
5$8,251,096$3,015,861$412,555$4,822,681
6$8,663,651$3,168,506$433,183$5,061,963
7$9,096,834$3,328,783$454,842$5,313,209
8$9,551,675$3,497,075$477,584$5,577,017
9$10,029,259$3,673,781$501,463$5,854,015
10$10,530,722$3,859,322$526,536$6,144,864
11$11,057,258$4,054,140$552,863$6,450,255
12$11,610,121$4,258,700$580,506$6,770,915
13$12,190,627$4,473,487$609,531$7,107,609
14$12,800,158$4,699,014$640,008$7,461,137
15$13,440,166$4,935,816$672,008$7,832,341
16$14,112,175$5,184,460$705,609$8,222,106
17$14,817,783$5,445,535$740,889$8,631,359
18$15,558,672$5,719,664$777,934$9,061,075
19$16,336,606$6,007,499$816,830$9,512,276
20$17,153,436$6,309,726$857,672$9,986,038
21$18,011,108$6,627,065$900,555$10,483,488
22$18,911,663$6,960,270$945,583$11,005,810
23$19,857,247$7,310,136$992,862$11,554,248
24$20,850,109$7,677,495$1,042,505$12,130,108
25$21,892,614$8,063,222$1,094,631$12,734,761
26$22,987,245$8,468,236$1,149,362$13,369,647
27$24,136,608$8,893,500$1,206,830$14,036,277
28$25,343,438$9,340,027$1,267,172$14,736,239
29$26,610,610$9,808,881$1,330,530$15,471,199
30$27,941,140$10,301,177$1,397,057$16,242,906
Total$451,000,001$165,758,650$22,549,998$262,691,350

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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.