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Mississippi Powerball Jackpot Annuity Payout Schedule for Feb 6, 2023

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The tax information provided here is based on 2022 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 Powerball 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 $747,000,000 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 prize money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$562,171$6,558,230
2$11,805,593$4,331,024$590,280$6,884,289
3$12,395,873$4,549,428$619,794$7,226,651
4$13,015,667$4,778,752$650,783$7,586,132
5$13,666,449$5,019,541$683,322$7,963,586
6$14,349,772$5,272,371$717,489$8,359,913
7$15,067,261$5,537,842$753,363$8,776,056
8$15,820,624$5,816,586$791,031$9,213,007
9$16,611,655$6,109,267$830,583$9,671,805
10$17,442,238$6,416,583$872,112$10,153,543
11$18,314,350$6,739,264$915,717$10,659,368
12$19,230,067$7,078,080$961,503$11,190,484
13$20,191,571$7,433,836$1,009,579$11,748,156
14$21,201,149$7,807,380$1,060,057$12,333,712
15$22,261,207$8,199,601$1,113,060$12,948,545
16$23,374,267$8,611,434$1,168,713$13,594,120
17$24,542,980$9,043,858$1,227,149$14,271,973
18$25,770,129$9,497,903$1,288,506$14,983,720
19$27,058,636$9,974,650$1,352,932$15,731,054
20$28,411,568$10,475,235$1,420,578$16,515,754
21$29,832,146$11,000,849$1,491,607$17,339,689
22$31,323,753$11,552,744$1,566,188$18,204,822
23$32,889,941$12,132,233$1,644,497$19,113,211
24$34,534,437$12,740,697$1,726,722$20,067,019
25$36,261,159$13,379,584$1,813,058$21,068,517
26$38,074,218$14,050,416$1,903,711$22,120,091
27$39,977,929$14,754,789$1,998,896$23,224,244
28$41,976,825$15,494,380$2,098,841$24,383,603
29$44,075,666$16,270,951$2,203,783$25,600,931
30$46,279,450$17,086,351$2,313,972$26,879,126
Total$747,000,001$275,278,650$37,349,997$434,371,351

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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.