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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$179,112$2,114,745
2$3,761,354$1,354,656$188,068$2,218,630
3$3,949,421$1,424,241$197,471$2,327,709
4$4,146,892$1,497,305$207,345$2,442,243
5$4,354,237$1,574,023$217,712$2,562,502
6$4,571,949$1,654,576$228,597$2,688,775
7$4,800,546$1,739,157$240,027$2,821,362
8$5,040,574$1,827,967$252,029$2,960,578
9$5,292,602$1,921,218$264,630$3,106,754
10$5,557,232$2,019,131$277,862$3,260,240
11$5,835,094$2,121,940$291,755$3,421,400
12$6,126,849$2,229,889$306,342$3,590,617
13$6,433,191$2,343,236$321,660$3,768,296
14$6,754,851$2,462,250$337,743$3,954,858
15$7,092,593$2,587,215$354,630$4,150,749
16$7,447,223$2,718,428$372,361$4,356,434
17$7,819,584$2,856,201$390,979$4,572,404
18$8,210,563$3,000,863$410,528$4,799,172
19$8,621,091$3,152,759$431,055$5,037,278
20$9,052,146$3,312,249$452,607$5,287,290
21$9,504,753$3,479,714$475,238$5,549,802
22$9,979,991$3,655,552$499,000$5,825,440
23$10,478,991$3,840,181$523,950$6,114,860
24$11,002,940$4,034,043$550,147$6,418,750
25$11,553,087$4,237,597$577,654$6,737,835
26$12,130,741$4,451,329$606,537$7,072,875
27$12,737,279$4,675,748$636,864$7,424,667
28$13,374,142$4,911,388$668,707$7,794,048
29$14,042,849$5,158,809$702,142$8,181,898
30$14,744,992$5,418,602$737,250$8,589,140
Total$238,000,000$86,948,651$11,900,002$139,151,351

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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.