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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$194,916$2,298,072
2$4,093,238$1,477,453$204,662$2,411,123
3$4,297,900$1,553,178$214,895$2,529,827
4$4,512,795$1,632,689$225,640$2,654,466
5$4,738,434$1,716,176$236,922$2,785,337
6$4,975,356$1,803,837$248,768$2,922,752
7$5,224,124$1,895,881$261,206$3,067,037
8$5,485,330$1,992,527$274,267$3,218,537
9$5,759,597$2,094,006$287,980$3,377,611
10$6,047,576$2,200,558$302,379$3,544,639
11$6,349,955$2,312,438$317,498$3,720,019
12$6,667,453$2,429,913$333,373$3,904,168
13$7,000,826$2,553,261$350,041$4,097,524
14$7,350,867$2,682,776$367,543$4,300,548
15$7,718,410$2,818,767$385,921$4,513,723
16$8,104,331$2,961,557$405,217$4,737,557
17$8,509,547$3,111,488$425,477$4,972,582
18$8,935,025$3,268,914$446,751$5,219,359
19$9,381,776$3,434,212$469,089$5,478,475
20$9,850,865$3,607,775$492,543$5,750,547
21$10,343,408$3,790,016$517,170$6,036,222
22$10,860,578$3,981,369$543,029$6,336,180
23$11,403,607$4,182,290$570,180$6,651,137
24$11,973,788$4,393,256$598,689$6,981,842
25$12,572,477$4,614,771$628,624$7,329,082
26$13,201,101$4,847,362$660,055$7,693,684
27$13,861,156$5,091,583$693,058$8,076,516
28$14,554,214$5,348,014$727,711$8,478,489
29$15,281,924$5,617,267$764,096$8,900,561
30$16,046,021$5,899,983$802,301$9,343,737
Total$259,000,001$94,718,651$12,950,001$151,331,353

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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.