USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$337,002$3,946,264
2$7,077,034$2,581,458$353,852$4,141,725
3$7,430,886$2,712,383$371,544$4,346,959
4$7,802,430$2,849,854$390,122$4,562,455
5$8,192,552$2,994,199$409,628$4,788,725
6$8,602,179$3,145,761$430,109$5,026,309
7$9,032,289$3,304,902$451,614$5,275,772
8$9,483,903$3,471,999$474,195$5,537,709
9$9,958,098$3,647,451$497,905$5,812,742
10$10,456,003$3,831,676$522,800$6,101,527
11$10,978,803$4,025,112$548,940$6,404,751
12$11,527,743$4,228,220$576,387$6,723,136
13$12,104,130$4,441,483$605,207$7,057,441
14$12,709,337$4,665,410$635,467$7,408,460
15$13,344,804$4,900,532$667,240$7,777,031
16$14,012,044$5,147,411$700,602$8,164,031
17$14,712,646$5,406,634$735,632$8,570,380
18$15,448,278$5,678,818$772,414$8,997,046
19$16,220,692$5,964,611$811,035$9,445,046
20$17,031,727$6,264,694$851,586$9,915,447
21$17,883,313$6,579,781$894,166$10,409,367
22$18,777,479$6,910,622$938,874$10,927,983
23$19,716,353$7,258,006$985,818$11,472,530
24$20,702,170$7,622,758$1,035,109$12,044,304
25$21,737,279$8,005,748$1,086,864$12,644,667
26$22,824,143$8,407,888$1,141,207$13,275,048
27$23,965,350$8,830,135$1,198,268$13,936,948
28$25,163,617$9,273,493$1,258,181$14,631,943
29$26,421,798$9,739,020$1,321,090$15,361,688
30$27,742,888$10,227,824$1,387,144$16,127,920
Total$447,800,001$164,574,650$22,390,002$260,835,354

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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.