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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 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 $333,000,000 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, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$250,606$2,944,079
2$5,262,734$1,910,167$263,137$3,089,431
3$5,525,871$2,007,527$276,294$3,242,050
4$5,802,165$2,109,756$290,108$3,402,301
5$6,092,273$2,217,096$304,614$3,570,563
6$6,396,886$2,329,803$319,844$3,747,239
7$6,716,731$2,448,145$335,837$3,932,749
8$7,052,567$2,572,405$352,628$4,127,534
9$7,405,196$2,702,877$370,260$4,332,059
10$7,775,455$2,839,874$388,773$4,546,809
11$8,164,228$2,983,719$408,211$4,772,297
12$8,572,440$3,134,758$428,622$5,009,060
13$9,001,062$3,293,348$450,053$5,257,661
14$9,451,115$3,459,867$472,556$5,518,692
15$9,923,670$3,634,713$496,184$5,792,774
16$10,419,854$3,818,301$520,993$6,080,560
17$10,940,847$4,011,068$547,042$6,382,736
18$11,487,889$4,213,474$574,394$6,700,021
19$12,062,283$4,426,000$603,114$7,033,169
20$12,665,398$4,649,152$633,270$7,382,976
21$13,298,667$4,883,462$664,933$7,750,272
22$13,963,601$5,129,487$698,180$8,135,933
23$14,661,781$5,387,814$733,089$8,540,878
24$15,394,870$5,659,057$769,743$8,966,069
25$16,164,613$5,943,862$808,231$9,412,521
26$16,972,844$6,242,907$848,642$9,881,295
27$17,821,486$6,556,905$891,074$10,373,507
28$18,712,560$6,886,602$935,628$10,890,330
29$19,648,188$7,232,785$982,409$11,432,994
30$20,630,598$7,596,276$1,031,530$12,002,792
Total$333,000,001$122,098,649$16,649,999$194,251,351

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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.