USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Sep 19, 2015

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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 $211,500,000 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:Sat, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$165,927$2,252,824
2$3,921,909$1,408,126$172,564$2,341,218
3$4,078,785$1,466,171$179,467$2,433,148
4$4,241,936$1,526,537$186,645$2,528,754
5$4,411,614$1,589,317$194,111$2,628,185
6$4,588,078$1,654,609$201,875$2,731,594
7$4,771,601$1,722,513$209,950$2,839,138
8$4,962,466$1,793,133$218,348$2,950,985
9$5,160,964$1,866,577$227,082$3,067,305
10$5,367,403$1,942,959$236,166$3,188,278
11$5,582,099$2,022,397$245,612$3,314,090
12$5,805,383$2,105,012$255,437$3,444,934
13$6,037,598$2,190,932$265,654$3,581,012
14$6,279,102$2,280,288$276,280$3,722,534
15$6,530,266$2,373,219$287,332$3,869,716
16$6,791,477$2,469,867$298,825$4,022,785
17$7,063,136$2,570,381$310,778$4,181,977
18$7,345,661$2,674,915$323,209$4,347,537
19$7,639,488$2,783,631$336,137$4,519,720
20$7,945,067$2,896,695$349,583$4,698,789
21$8,262,870$3,014,282$363,566$4,885,022
22$8,593,385$3,136,573$378,109$5,078,703
23$8,937,120$3,263,755$393,233$5,280,132
24$9,294,605$3,396,024$408,963$5,489,618
25$9,666,389$3,533,584$425,321$5,707,484
26$10,053,045$3,676,647$442,334$5,934,064
27$10,455,166$3,825,432$460,027$6,169,707
28$10,873,373$3,980,168$478,428$6,414,776
29$11,308,308$4,141,094$497,566$6,669,648
30$11,760,640$4,308,457$517,468$6,934,715
Total$211,500,000$76,965,610$9,305,997$125,228,392

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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.