USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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:Sat, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$133,077$1,692,530
2$2,944,677$1,047,718$138,400$1,758,559
3$3,062,464$1,091,299$143,936$1,827,229
4$3,184,962$1,136,624$149,693$1,898,645
5$3,312,361$1,183,761$155,681$1,972,918
6$3,444,855$1,232,784$161,908$2,050,163
7$3,582,649$1,283,768$168,385$2,130,497
8$3,725,955$1,336,791$175,120$2,214,044
9$3,874,993$1,391,935$182,125$2,300,933
10$4,029,993$1,449,285$189,410$2,391,298
11$4,191,193$1,508,929$196,986$2,485,278
12$4,358,841$1,570,959$204,866$2,583,016
13$4,533,194$1,635,470$213,060$2,684,664
14$4,714,522$1,702,561$221,583$2,790,379
15$4,903,103$1,772,336$230,446$2,900,321
16$5,099,227$1,844,902$239,664$3,014,662
17$5,303,196$1,920,370$249,250$3,133,576
18$5,515,324$1,998,858$259,220$3,257,246
19$5,735,937$2,080,484$269,589$3,385,863
20$5,965,374$2,165,376$280,373$3,519,625
21$6,203,989$2,253,664$291,587$3,658,738
22$6,452,149$2,345,483$303,251$3,803,415
23$6,710,235$2,440,975$315,381$3,953,879
24$6,978,644$2,540,286$327,996$4,110,362
25$7,257,790$2,643,570$341,116$4,273,104
26$7,548,102$2,750,985$354,761$4,442,355
27$7,850,026$2,862,697$368,951$4,618,377
28$8,164,027$2,978,878$383,709$4,801,440
29$8,490,588$3,099,705$399,058$4,991,825
30$8,830,211$3,225,366$415,020$5,189,825
Total$158,800,000$57,501,632$7,463,602$93,834,766

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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.