USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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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 $42,900,000 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, Sep 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$35,951$487,756
2$795,508$252,526$37,389$505,593
3$827,328$264,299$38,884$524,144
4$860,421$276,544$40,440$543,438
5$894,838$289,278$42,057$563,503
6$930,631$302,521$43,740$584,370
7$967,857$316,295$45,489$606,073
8$1,006,571$330,619$47,309$628,643
9$1,046,834$345,516$49,201$652,116
10$1,088,707$361,009$51,169$676,529
11$1,132,256$377,122$53,216$701,917
12$1,177,546$393,880$55,345$728,321
13$1,224,648$411,307$57,558$755,782
14$1,273,633$429,432$59,861$784,341
15$1,324,579$448,282$62,255$814,042
16$1,377,562$467,886$64,745$844,931
17$1,432,664$488,274$67,335$877,056
18$1,489,971$509,477$70,029$910,465
19$1,549,570$531,529$72,830$945,211
20$1,611,553$554,462$75,743$981,347
21$1,676,015$578,313$78,773$1,018,929
22$1,743,055$603,118$81,924$1,058,014
23$1,812,778$628,915$85,201$1,098,662
24$1,885,289$655,745$88,609$1,140,936
25$1,960,700$683,647$92,153$1,184,900
26$2,039,128$712,665$95,839$1,230,624
27$2,120,693$742,844$99,673$1,278,176
28$2,205,521$774,231$103,659$1,327,631
29$2,293,742$806,872$107,806$1,379,064
30$2,385,492$840,820$112,118$1,432,554
Total$42,900,000$14,618,633$2,016,301$26,265,068

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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.