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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Dec 27, 2022

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The tax information provided here is based on 2024 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 $565,000,000 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:Tue, Dec 27, 2022
Jackpot:$565,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,504,061$3,104,690$399,691$4,999,680
2$8,929,264$3,262,015$419,675$5,247,573
3$9,375,727$3,427,207$440,659$5,507,861
4$9,844,514$3,600,658$462,692$5,781,164
5$10,336,739$3,782,781$485,827$6,068,131
6$10,853,576$3,974,011$510,118$6,369,447
7$11,396,255$4,174,802$535,624$6,685,829
8$11,966,068$4,385,633$562,405$7,018,030
9$12,564,371$4,607,005$590,525$7,366,841
10$13,192,590$4,839,446$620,052$7,733,092
11$13,852,219$5,083,509$651,054$8,117,656
12$14,544,830$5,339,775$683,607$8,521,448
13$15,272,071$5,608,854$717,787$8,945,430
14$16,035,675$5,891,388$753,677$9,390,611
15$16,837,459$6,188,047$791,361$9,858,051
16$17,679,332$6,499,541$830,929$10,348,863
17$18,563,298$6,826,608$872,475$10,864,215
18$19,491,463$7,170,029$916,099$11,405,335
19$20,466,036$7,530,621$961,904$11,973,511
20$21,489,338$7,909,243$1,009,999$12,570,096
21$22,563,805$8,306,796$1,060,499$13,196,511
22$23,691,995$8,724,226$1,113,524$13,854,245
23$24,876,595$9,162,528$1,169,200$14,544,867
24$26,120,425$9,622,745$1,227,660$15,270,020
25$27,426,446$10,105,973$1,289,043$16,031,430
26$28,797,769$10,613,362$1,353,495$16,830,911
27$30,237,657$11,146,121$1,421,170$17,670,366
28$31,749,539$11,705,517$1,492,228$18,551,794
29$33,337,016$12,292,884$1,566,840$19,477,293
30$35,003,868$12,909,619$1,645,182$20,449,067
Total$565,000,001$207,795,634$26,555,001$330,649,368

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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.