USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $25,000,000 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, Nov 26, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$20,950$298,414
2$463,583$132,629$21,788$309,166
3$482,126$139,119$22,660$320,347
4$501,411$145,869$23,566$331,976
5$521,467$152,888$24,509$344,070
6$542,326$160,189$25,489$356,648
7$564,019$167,781$26,509$369,729
8$586,580$175,678$27,569$383,333
9$610,043$183,904$28,672$397,467
10$634,445$192,932$29,819$411,694
11$659,823$202,322$31,012$426,489
12$686,215$212,087$32,252$441,876
13$713,664$222,243$33,542$457,878
14$742,211$232,806$34,884$474,521
15$771,899$243,790$36,279$491,829
16$802,775$255,215$37,730$509,830
17$834,886$267,096$39,240$528,551
18$868,281$279,452$40,809$548,020
19$903,013$292,302$42,442$568,269
20$939,133$305,667$44,139$589,327
21$976,699$319,566$45,905$611,228
22$1,015,767$334,021$47,741$634,004
23$1,056,397$349,055$49,651$657,692
24$1,098,653$364,689$51,637$682,327
25$1,142,599$380,949$53,702$707,948
26$1,188,303$397,860$55,850$734,593
27$1,235,835$415,447$58,084$762,304
28$1,285,269$433,737$60,408$791,124
29$1,336,679$452,759$62,824$821,096
30$1,390,147$472,542$65,337$852,268
Total$25,000,000$8,010,982$1,174,999$15,814,018

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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.