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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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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 $183,000,000 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, Sep 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$129,457$1,647,635
2$2,892,133$1,028,277$135,930$1,727,926
3$3,036,740$1,081,782$142,727$1,812,232
4$3,188,577$1,137,961$149,863$1,900,753
5$3,348,006$1,196,950$157,356$1,993,700
6$3,515,406$1,258,888$165,224$2,091,294
7$3,691,176$1,323,923$173,485$2,193,768
8$3,875,735$1,392,210$182,160$2,301,366
9$4,069,522$1,463,911$191,268$2,414,344
10$4,272,998$1,539,197$200,831$2,532,970
11$4,486,648$1,618,247$210,872$2,657,528
12$4,710,980$1,701,250$221,416$2,788,314
13$4,946,529$1,788,404$232,487$2,925,639
14$5,193,856$1,879,914$244,111$3,069,830
15$5,453,549$1,976,001$256,317$3,221,231
16$5,726,226$2,076,891$269,133$3,380,202
17$6,012,537$2,182,827$282,589$3,547,121
18$6,313,164$2,294,059$296,719$3,722,387
19$6,628,822$2,410,852$311,555$3,906,416
20$6,960,264$2,533,485$327,132$4,099,646
21$7,308,277$2,662,250$343,489$4,302,538
22$7,673,691$2,797,453$360,663$4,515,574
23$8,057,375$2,939,417$378,697$4,739,262
24$8,460,244$3,088,478$397,631$4,974,134
25$8,883,256$3,244,992$417,513$5,220,750
26$9,327,419$3,409,333$438,389$5,479,697
27$9,793,790$3,581,890$460,308$5,751,592
28$10,283,479$3,763,075$483,324$6,037,081
29$10,797,653$3,953,319$507,490$6,336,844
30$11,337,536$4,153,076$532,864$6,651,596
Total$183,000,000$66,455,632$8,601,000$107,943,370

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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.