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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$213,730$2,516,317
2$4,488,338$1,623,640$224,417$2,640,281
3$4,712,755$1,706,674$235,638$2,770,443
4$4,948,393$1,793,860$247,420$2,907,113
5$5,195,812$1,885,405$259,791$3,050,616
6$5,455,603$1,981,528$272,780$3,201,295
7$5,728,383$2,082,457$286,419$3,359,507
8$6,014,802$2,188,432$300,740$3,525,630
9$6,315,542$2,299,706$315,777$3,700,060
10$6,631,319$2,416,543$331,566$3,883,210
11$6,962,885$2,539,223$348,144$4,075,519
12$7,311,030$2,668,036$365,551$4,277,442
13$7,676,581$2,803,290$383,829$4,489,462
14$8,060,410$2,945,307$403,021$4,712,083
15$8,463,431$3,094,424$423,172$4,945,835
16$8,886,602$3,250,998$444,330$5,191,274
17$9,330,932$3,415,400$466,547$5,448,986
18$9,797,479$3,588,022$489,874$5,719,583
19$10,287,353$3,769,276$514,368$6,003,710
20$10,801,720$3,959,592$540,086$6,302,043
21$11,341,806$4,159,423$567,090$6,615,293
22$11,908,897$4,369,247$595,445$6,944,205
23$12,504,342$4,589,561$625,217$7,289,563
24$13,129,559$4,820,892$656,478$7,652,189
25$13,786,036$5,063,789$689,302$8,032,946
26$14,475,339$5,318,830$723,767$8,432,741
27$15,199,105$5,586,624$759,955$8,852,526
28$15,959,061$5,867,807$797,953$9,293,300
29$16,757,014$6,163,050$837,851$9,756,113
30$17,594,864$6,473,055$879,743$10,242,066
Total$284,000,001$103,968,651$14,200,001$165,831,351

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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.