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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 2024

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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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$239,077$3,227,051
2$5,705,247$2,067,961$251,031$3,386,254
3$5,990,509$2,173,508$263,582$3,553,418
4$6,290,034$2,284,333$276,762$3,728,940
5$6,604,536$2,400,698$290,600$3,913,238
6$6,934,763$2,522,882$305,130$4,106,751
7$7,281,501$2,651,176$320,386$4,309,939
8$7,645,576$2,785,883$336,405$4,523,287
9$8,027,855$2,927,327$353,226$4,747,303
10$8,429,247$3,075,842$370,887$4,982,519
11$8,850,710$3,231,783$389,431$5,229,496
12$9,293,245$3,395,521$408,903$5,488,822
13$9,757,908$3,567,446$429,348$5,761,114
14$10,245,803$3,747,967$450,815$6,047,020
15$10,758,093$3,937,515$473,356$6,347,222
16$11,295,998$4,136,539$497,024$6,662,435
17$11,860,798$4,345,515$521,875$6,993,407
18$12,453,838$4,564,940$547,969$7,340,929
19$13,076,529$4,795,336$575,367$7,705,826
20$13,730,356$5,037,252$604,136$8,088,968
21$14,416,874$5,291,263$634,342$8,491,268
22$15,137,717$5,557,976$666,060$8,913,682
23$15,894,603$5,838,023$699,363$9,357,217
24$16,689,333$6,132,074$734,331$9,822,929
25$17,523,800$6,440,826$771,047$10,311,926
26$18,399,990$6,765,017$809,600$10,825,374
27$19,319,990$7,105,416$850,080$11,364,494
28$20,285,989$7,462,836$892,584$11,930,569
29$21,300,288$7,838,127$937,213$12,524,949
30$22,365,303$8,232,182$984,073$13,149,047
Total$361,000,001$132,280,604$15,884,003$212,835,394

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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.