USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Feb 24, 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 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 $376,000,000 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:Sat, Feb 24, 2024
Jackpot:$376,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,659,340$2,052,143$265,989$3,341,207
2$5,942,307$2,156,841$279,288$3,506,177
3$6,239,422$2,266,774$293,253$3,679,395
4$6,551,393$2,382,203$307,915$3,861,274
5$6,878,962$2,503,404$323,311$4,052,247
6$7,222,911$2,630,665$339,477$4,252,769
7$7,584,056$2,764,289$356,451$4,463,317
8$7,963,259$2,904,594$374,273$4,684,392
9$8,361,422$3,051,914$392,987$4,916,521
10$8,779,493$3,206,600$412,636$5,160,257
11$9,218,468$3,369,021$433,268$5,416,179
12$9,679,391$3,539,563$454,931$5,684,897
13$10,163,361$3,718,631$477,678$5,967,052
14$10,671,529$3,906,653$501,562$6,263,314
15$11,205,105$4,104,077$526,640$6,574,389
16$11,765,361$4,311,371$552,972$6,901,018
17$12,353,629$4,529,030$580,621$7,243,978
18$12,971,310$4,757,572$609,652$7,604,086
19$13,619,875$4,997,542$640,134$7,982,200
20$14,300,869$5,249,509$672,141$8,379,219
21$15,015,913$5,514,075$705,748$8,796,089
22$15,766,708$5,791,870$741,035$9,233,803
23$16,555,044$6,083,554$778,087$9,693,403
24$17,382,796$6,389,822$816,991$10,175,982
25$18,251,936$6,711,404$857,841$10,682,691
26$19,164,533$7,049,065$900,733$11,214,735
27$20,122,759$7,403,609$945,770$11,773,381
28$21,128,897$7,775,880$993,058$12,359,959
29$22,185,342$8,166,764$1,042,711$12,975,867
30$23,294,609$8,577,193$1,094,847$13,622,569
Total$376,000,001$137,865,632$17,672,000$220,462,367

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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.