USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 21, 1997

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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 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 $5,000,000 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, Jun 21, 1997
Jackpot:$5,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$89,150$14,527$3,923$70,701
2$92,717$15,312$4,080$73,325
3$96,425$16,128$4,243$76,055
4$100,282$16,976$4,412$78,894
5$104,293$17,877$4,589$81,827
6$108,465$18,879$4,772$84,814
7$112,804$19,920$4,963$87,921
8$117,316$21,003$5,162$91,151
9$122,009$22,129$5,368$94,511
10$126,889$23,300$5,583$98,005
11$131,965$24,518$5,806$101,640
12$137,243$25,785$6,039$105,419
13$142,733$27,103$6,280$109,350
14$148,442$28,473$6,531$113,438
15$154,380$29,898$6,793$117,689
16$160,555$31,380$7,064$122,110
17$166,977$32,922$7,347$126,709
18$173,656$34,525$7,641$131,491
19$180,603$36,192$7,947$136,464
20$187,827$37,925$8,264$141,637
21$195,340$39,729$8,595$147,016
22$203,153$42,072$8,939$152,143
23$211,279$44,672$9,296$157,311
24$219,731$47,377$9,668$162,686
25$228,520$50,189$10,055$168,276
26$237,661$53,114$10,457$174,089
27$247,167$56,156$10,875$180,135
28$257,054$59,516$11,310$186,227
29$267,336$63,115$11,763$192,458
30$278,029$66,858$12,233$198,939
Total$5,000,000$1,017,570$219,998$3,762,431

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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.