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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 2023

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The tax information provided here is based on 2025 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 $162,000,000 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, Sep 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$859,203$107,287$1,471,843
2$2,560,249$904,312$112,651$1,543,286
3$2,688,262$951,677$118,284$1,618,301
4$2,822,675$1,001,410$124,198$1,697,067
5$2,963,808$1,053,629$130,408$1,779,771
6$3,111,999$1,108,460$136,928$1,866,611
7$3,267,599$1,166,032$143,774$1,957,793
8$3,430,979$1,226,482$150,963$2,053,533
9$3,602,528$1,289,955$158,511$2,154,061
10$3,782,654$1,356,602$166,437$2,259,615
11$3,971,787$1,426,581$174,759$2,370,447
12$4,170,376$1,500,059$183,497$2,486,820
13$4,378,895$1,577,211$192,671$2,609,012
14$4,597,840$1,658,221$202,305$2,737,314
15$4,827,732$1,743,281$212,420$2,872,030
16$5,069,118$1,832,594$223,041$3,013,483
17$5,322,574$1,926,373$234,193$3,162,008
18$5,588,703$2,024,840$245,903$3,317,960
19$5,868,138$2,128,231$258,198$3,481,709
20$6,161,545$2,236,792$271,108$3,653,645
21$6,469,622$2,350,780$284,663$3,834,178
22$6,793,103$2,470,468$298,897$4,023,738
23$7,132,758$2,596,141$313,841$4,222,776
24$7,489,396$2,728,097$329,533$4,431,766
25$7,863,866$2,866,651$346,010$4,651,205
26$8,257,059$3,012,132$363,311$4,881,617
27$8,669,912$3,164,888$381,476$5,123,548
28$9,103,408$3,325,281$400,550$5,377,577
29$9,558,578$3,493,694$420,577$5,644,307
30$10,036,507$3,670,528$441,606$5,924,373
Total$162,000,000$58,650,605$7,128,000$96,221,394

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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.