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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Feb 6, 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 $365,000,000 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 6, 2024
Jackpot:$365,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,493,774$1,989,717$241,726$3,262,331
2$5,768,463$2,091,351$253,812$3,423,299
3$6,056,886$2,198,068$266,503$3,592,315
4$6,359,730$2,310,120$279,828$3,769,782
5$6,677,716$2,427,775$293,820$3,956,121
6$7,011,602$2,551,313$308,510$4,151,779
7$7,362,182$2,681,028$323,936$4,357,219
8$7,730,292$2,817,228$340,133$4,572,931
9$8,116,806$2,960,239$357,139$4,799,428
10$8,522,646$3,110,399$374,996$5,037,251
11$8,948,779$3,268,068$393,746$5,286,964
12$9,396,218$3,433,621$413,434$5,549,163
13$9,866,028$3,607,451$434,105$5,824,472
14$10,359,330$3,789,972$455,811$6,113,547
15$10,877,296$3,981,620$478,601$6,417,075
16$11,421,161$4,182,850$502,531$6,735,780
17$11,992,219$4,394,141$527,658$7,070,420
18$12,591,830$4,615,997$554,041$7,421,792
19$13,221,422$4,848,946$581,743$7,790,733
20$13,882,493$5,093,543$610,830$8,178,121
21$14,576,617$5,350,369$641,371$8,584,878
22$15,305,448$5,620,036$673,440$9,011,972
23$16,070,721$5,903,187$707,112$9,460,422
24$16,874,257$6,200,495$742,467$9,931,294
25$17,717,969$6,512,669$779,591$10,425,710
26$18,603,868$6,840,451$818,570$10,944,847
27$19,534,062$7,184,623$859,499$11,489,940
28$20,510,764$7,546,003$902,474$12,062,288
29$21,536,303$7,925,452$947,597$12,663,253
30$22,613,118$8,323,874$994,977$13,294,267
Total$365,000,001$133,760,606$16,060,001$215,179,394

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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.