USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 20, 2015

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$67,041$873,408
2$1,483,464$507,070$69,723$906,672
3$1,542,803$529,025$72,512$941,266
4$1,604,515$551,858$75,412$977,244
5$1,668,696$575,605$78,429$1,014,662
6$1,735,443$600,302$81,566$1,053,576
7$1,804,861$625,986$84,828$1,094,046
8$1,877,056$652,698$88,222$1,136,136
9$1,952,138$680,479$91,750$1,179,909
10$2,030,223$709,370$95,420$1,225,432
11$2,111,432$739,418$99,237$1,272,777
12$2,195,889$770,667$103,207$1,322,016
13$2,283,725$803,166$107,335$1,373,224
14$2,375,074$836,965$111,628$1,426,480
15$2,470,077$872,116$116,094$1,481,867
16$2,568,880$908,673$120,737$1,539,469
17$2,671,635$946,693$125,567$1,599,376
18$2,778,501$986,233$130,590$1,661,678
19$2,889,641$1,027,355$135,813$1,726,473
20$3,005,226$1,070,122$141,246$1,793,859
21$3,125,435$1,114,599$146,895$1,863,941
22$3,250,453$1,160,855$152,771$1,936,826
23$3,380,471$1,208,962$158,882$2,012,627
24$3,515,690$1,258,993$165,237$2,091,459
25$3,656,317$1,311,025$171,847$2,173,445
26$3,802,570$1,365,139$178,721$2,258,711
27$3,954,673$1,421,417$185,870$2,347,387
28$4,112,860$1,479,946$193,304$2,439,610
29$4,277,374$1,540,816$201,037$2,535,521
30$4,448,469$1,604,121$209,078$2,635,270
Total$80,000,000$28,345,633$3,759,999$47,894,367

◄ Back to Jackpot Analysis

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.