USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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:Wed, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$105,422$1,349,497
2$2,332,748$821,304$109,639$1,401,804
3$2,426,057$855,829$114,025$1,456,204
4$2,523,100$891,735$118,586$1,512,779
5$2,624,024$929,077$123,329$1,571,618
6$2,728,985$967,912$128,262$1,632,810
7$2,838,144$1,008,301$133,393$1,696,450
8$2,951,670$1,050,306$138,728$1,762,636
9$3,069,737$1,093,990$144,278$1,831,469
10$3,192,526$1,139,422$150,049$1,903,055
11$3,320,227$1,186,672$156,051$1,977,505
12$3,453,036$1,235,811$162,293$2,054,932
13$3,591,158$1,286,916$168,784$2,135,457
14$3,734,804$1,340,065$175,536$2,219,203
15$3,884,196$1,395,340$182,557$2,306,299
16$4,039,564$1,452,826$189,860$2,396,878
17$4,201,147$1,512,612$197,454$2,491,081
18$4,369,192$1,574,789$205,352$2,589,051
19$4,543,960$1,639,453$213,566$2,690,941
20$4,725,718$1,706,704$222,109$2,796,906
21$4,914,747$1,776,644$230,993$2,907,110
22$5,111,337$1,849,382$240,233$3,021,722
23$5,315,791$1,925,030$249,842$3,140,918
24$5,528,422$2,003,704$259,836$3,264,882
25$5,749,559$2,085,525$270,229$3,393,805
26$5,979,541$2,170,618$281,038$3,527,885
27$6,218,723$2,259,115$292,280$3,667,328
28$6,467,472$2,351,152$303,971$3,812,348
29$6,726,171$2,446,871$316,130$3,963,170
30$6,995,218$2,546,418$328,775$4,120,024
Total$125,800,000$45,291,631$5,912,600$74,595,767

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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.