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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 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 $563,000,000 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, Feb 27, 2024
Jackpot:$563,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,473,958$3,092,385$372,854$5,008,719
2$8,897,656$3,249,153$391,497$5,257,006
3$9,342,539$3,413,760$411,072$5,517,707
4$9,809,666$3,586,597$431,625$5,791,444
5$10,300,149$3,768,075$453,207$6,078,867
6$10,815,156$3,958,628$475,867$6,380,661
7$11,355,914$4,158,709$499,660$6,697,546
8$11,923,710$4,368,793$524,643$7,030,274
9$12,519,895$4,589,382$550,875$7,379,638
10$13,145,890$4,821,000$578,419$7,746,471
11$13,803,185$5,064,199$607,340$8,131,646
12$14,493,344$5,319,557$637,707$8,536,079
13$15,218,011$5,587,684$669,592$8,960,734
14$15,978,912$5,869,218$703,072$9,406,622
15$16,777,857$6,164,827$738,226$9,874,804
16$17,616,750$6,475,218$775,137$10,366,395
17$18,497,587$6,801,128$813,894$10,882,566
18$19,422,467$7,143,333$854,589$11,424,545
19$20,393,590$7,502,649$897,318$11,993,624
20$21,413,270$7,879,930$942,184$12,591,156
21$22,483,933$8,276,075$989,293$13,218,565
22$23,608,130$8,692,028$1,038,758$13,877,344
23$24,788,536$9,128,779$1,090,696$14,569,062
24$26,027,963$9,587,367$1,145,230$15,295,366
25$27,329,361$10,068,884$1,202,492$16,057,985
26$28,695,830$10,574,477$1,262,617$16,858,736
27$30,130,621$11,105,350$1,325,747$17,699,524
28$31,637,152$11,662,766$1,392,035$18,582,351
29$33,219,009$12,248,054$1,461,636$19,509,319
30$34,879,960$12,862,605$1,534,718$20,482,636
Total$563,000,001$207,020,610$24,772,000$331,207,392

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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.