USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$197,101$2,486,704
2$4,361,385$1,571,900$204,985$2,584,500
3$4,535,840$1,636,449$213,184$2,686,207
4$4,717,274$1,703,579$221,712$2,791,983
5$4,905,965$1,773,395$230,580$2,901,990
6$5,102,203$1,846,003$239,804$3,016,397
7$5,306,292$1,921,516$249,396$3,135,380
8$5,518,543$2,000,049$259,372$3,259,123
9$5,739,285$2,081,723$269,746$3,387,815
10$5,968,856$2,166,665$280,536$3,521,656
11$6,207,611$2,255,004$291,758$3,660,849
12$6,455,915$2,346,876$303,428$3,805,611
13$6,714,152$2,442,424$315,565$3,956,163
14$6,982,718$2,541,793$328,188$4,112,737
15$7,262,026$2,645,138$341,315$4,275,574
16$7,552,507$2,752,616$354,968$4,444,924
17$7,854,608$2,864,393$369,167$4,621,049
18$8,168,792$2,980,641$383,933$4,804,218
19$8,495,544$3,101,539$399,291$4,994,714
20$8,835,366$3,227,273$415,262$5,192,830
21$9,188,780$3,358,036$431,873$5,398,871
22$9,556,331$3,494,030$449,148$5,613,153
23$9,938,585$3,635,464$467,113$5,836,007
24$10,336,128$3,782,555$485,798$6,067,775
25$10,749,573$3,935,530$505,230$6,308,813
26$11,179,556$4,094,623$525,439$6,559,493
27$11,626,738$4,260,081$546,457$6,820,201
28$12,091,808$4,432,157$568,315$7,091,336
29$12,575,480$4,611,115$591,048$7,373,317
30$13,078,499$4,797,233$614,689$7,666,577
Total$235,200,000$85,769,634$11,054,401$138,375,967

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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.