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Mississippi Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2024

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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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,399,131$691,147$8,614,974
2$15,440,515$5,671,178$725,704$9,043,632
3$16,212,540$5,956,828$761,989$9,493,723
4$17,023,168$6,256,760$800,089$9,966,319
5$17,874,325$6,571,688$840,093$10,462,544
6$18,768,042$6,902,363$882,098$10,983,581
7$19,706,445$7,249,572$926,203$11,530,669
8$20,691,767$7,614,141$972,513$12,105,112
9$21,726,355$7,996,939$1,021,139$12,708,277
10$22,812,673$8,398,877$1,072,196$13,341,600
11$23,953,306$8,820,911$1,125,805$14,006,590
12$25,150,972$9,264,047$1,182,096$14,704,829
13$26,408,520$9,729,340$1,241,200$15,437,979
14$27,728,946$10,217,898$1,303,260$16,207,788
15$29,115,393$10,730,883$1,368,423$17,016,087
16$30,571,163$11,269,518$1,436,845$17,864,801
17$32,099,721$11,835,084$1,508,687$18,755,950
18$33,704,707$12,428,929$1,584,121$19,691,657
19$35,389,942$13,052,466$1,663,327$20,674,149
20$37,159,440$13,707,180$1,746,494$21,705,766
21$39,017,411$14,394,630$1,833,818$22,788,963
22$40,968,282$15,116,452$1,925,509$23,926,321
23$43,016,696$15,874,365$2,021,785$25,120,546
24$45,167,531$16,670,174$2,122,874$26,374,483
25$47,425,907$17,505,773$2,229,018$27,691,116
26$49,797,203$18,383,153$2,340,469$29,073,582
27$52,287,064$19,304,401$2,457,492$30,525,170
28$54,901,416$20,271,712$2,580,367$32,049,338
29$57,646,487$21,287,388$2,709,385$33,649,714
30$60,528,812$22,353,848$2,844,854$35,330,110
Total$977,000,002$360,235,629$45,919,000$570,845,370

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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.