USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$214,934$2,529,168
2$4,513,624$1,634,113$225,681$2,653,830
3$4,739,306$1,717,615$236,965$2,784,725
4$4,976,271$1,805,293$248,814$2,922,165
5$5,225,084$1,897,353$261,254$3,066,477
6$5,486,339$1,994,018$274,317$3,218,004
7$5,760,656$2,095,515$288,033$3,377,108
8$6,048,688$2,202,087$302,434$3,544,167
9$6,351,123$2,313,988$317,556$3,719,579
10$6,668,679$2,431,483$333,434$3,903,762
11$7,002,113$2,554,854$350,106$4,097,153
12$7,352,219$2,684,393$367,611$4,300,214
13$7,719,829$2,820,409$385,991$4,513,429
14$8,105,821$2,963,226$405,291$4,737,304
15$8,511,112$3,113,184$425,556$4,972,373
16$8,936,668$3,270,639$446,833$5,219,195
17$9,383,501$3,435,968$469,175$5,478,358
18$9,852,676$3,609,562$492,634$5,750,480
19$10,345,310$3,791,837$517,265$6,036,207
20$10,862,575$3,983,225$543,129$6,336,221
21$11,405,704$4,184,183$570,285$6,651,236
22$11,975,989$4,395,188$598,799$6,982,001
23$12,574,789$4,616,744$628,739$7,329,305
24$13,203,528$4,849,378$660,176$7,693,974
25$13,863,704$5,093,643$693,185$8,076,876
26$14,556,890$5,350,121$727,844$8,478,924
27$15,284,734$5,619,424$764,237$8,901,074
28$16,048,971$5,902,191$802,449$9,344,331
29$16,851,419$6,199,097$842,571$9,809,751
30$17,693,990$6,510,849$884,700$10,298,442
Total$285,600,001$104,594,167$14,279,998$166,725,833

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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.