USA Mega

Mississippi Mega Millions Jackpot Annuity Payout Schedule for Aug 22, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $33,000,000 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, Aug 22, 2023
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$23,345$329,134
2$521,532$152,911$24,512$344,109
3$547,609$162,038$25,738$359,833
4$574,989$171,621$27,024$376,344
5$603,739$181,683$28,376$393,680
6$633,926$192,740$29,795$411,391
7$665,622$204,468$31,284$429,870
8$698,903$216,782$32,848$449,273
9$733,848$229,712$34,491$469,646
10$770,541$243,288$36,215$491,037
11$809,068$257,543$38,026$513,499
12$849,521$272,511$39,927$537,083
13$891,997$288,227$41,924$561,847
14$936,597$304,729$44,020$587,848
15$983,427$322,056$46,221$615,150
16$1,032,598$340,249$48,532$643,817
17$1,084,228$359,352$50,959$673,917
18$1,138,439$379,410$53,507$705,522
19$1,195,361$400,471$56,182$738,708
20$1,255,129$422,586$58,991$773,553
21$1,317,886$445,806$61,941$810,140
22$1,383,780$470,186$65,038$848,556
23$1,452,969$495,786$68,290$888,893
24$1,525,618$522,666$71,704$931,247
25$1,601,899$550,890$75,289$975,719
26$1,681,994$580,525$79,054$1,022,414
27$1,766,093$611,642$83,006$1,071,445
28$1,854,398$644,315$87,157$1,122,926
29$1,947,118$678,621$91,515$1,176,982
30$2,044,474$714,643$96,090$1,233,740
Total$33,000,000$10,961,676$1,551,001$20,487,323

◄ Back to Jackpot Analysis

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.