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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$244,586$2,874,240
2$5,136,302$1,863,387$256,815$3,016,100
3$5,393,117$1,958,408$269,656$3,165,053
4$5,662,773$2,058,181$283,139$3,321,454
5$5,945,912$2,162,942$297,296$3,485,674
6$6,243,207$2,272,942$312,160$3,658,105
7$6,555,368$2,388,441$327,768$3,839,158
8$6,883,136$2,509,715$344,157$4,029,264
9$7,227,293$2,637,053$361,365$4,228,875
10$7,588,658$2,770,758$379,433$4,438,466
11$7,968,091$2,911,149$398,405$4,658,538
12$8,366,495$3,058,558$418,325$4,889,612
13$8,784,820$3,213,338$439,241$5,132,241
14$9,224,061$3,375,858$461,203$5,387,000
15$9,685,264$3,546,503$484,263$5,654,498
16$10,169,527$3,725,680$508,476$5,935,371
17$10,678,003$3,913,816$533,900$6,230,287
18$11,211,904$4,111,359$560,595$6,539,949
19$11,772,499$4,318,780$588,625$6,865,094
20$12,361,124$4,536,571$618,056$7,206,497
21$12,979,180$4,765,252$648,959$7,564,969
22$13,628,139$5,005,366$681,407$7,941,366
23$14,309,546$5,257,487$715,477$8,336,582
24$15,025,023$5,522,214$751,251$8,751,558
25$15,776,274$5,800,176$788,814$9,187,284
26$16,565,088$6,092,038$828,254$9,644,796
27$17,393,343$6,398,492$869,667$10,125,184
28$18,263,009$6,720,268$913,150$10,629,590
29$19,176,160$7,058,134$958,808$11,159,218
30$20,134,968$7,412,893$1,006,748$11,715,326
Total$325,000,001$119,138,649$16,249,999$189,611,349

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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.