USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Aug 31, 2011

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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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$60,016$842,285
2$1,418,563$481,888$62,417$874,257
3$1,475,305$502,883$64,913$907,509
4$1,534,317$524,718$67,510$942,090
5$1,595,690$547,426$70,210$978,054
6$1,659,518$571,042$73,019$1,015,457
7$1,725,898$595,603$75,940$1,054,356
8$1,794,934$621,146$78,977$1,094,811
9$1,866,732$647,711$82,136$1,136,885
10$1,941,401$675,339$85,422$1,180,641
11$2,019,057$704,071$88,839$1,226,147
12$2,099,819$733,953$92,392$1,273,474
13$2,183,812$765,031$96,088$1,322,694
14$2,271,165$797,351$99,931$1,373,882
15$2,362,011$830,964$103,928$1,427,118
16$2,456,492$865,922$108,086$1,482,484
17$2,554,751$902,278$112,409$1,540,064
18$2,656,941$940,089$116,905$1,599,947
19$2,763,219$979,411$121,582$1,662,226
20$2,873,748$1,020,307$126,445$1,726,996
21$2,988,698$1,062,838$131,503$1,794,357
22$3,108,246$1,107,071$136,763$1,864,412
23$3,232,575$1,153,073$142,233$1,937,269
24$3,361,878$1,200,915$147,923$2,013,040
25$3,496,354$1,250,671$153,840$2,091,843
26$3,636,208$1,302,417$159,993$2,173,797
27$3,781,656$1,356,233$166,393$2,259,030
28$3,932,922$1,412,201$173,049$2,347,672
29$4,090,239$1,470,409$179,971$2,439,860
30$4,253,849$1,530,944$187,169$2,535,735
Total$76,500,000$27,015,606$3,366,002$46,118,392

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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.