USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Nov 14, 2022

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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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$44,497$593,759
2$994,072$325,994$46,721$621,356
3$1,043,776$344,385$49,057$650,333
4$1,095,964$363,695$51,510$680,760
5$1,150,763$383,970$54,086$712,707
6$1,208,301$405,259$56,790$746,252
7$1,268,716$427,613$59,630$781,474
8$1,332,152$451,084$62,611$818,457
9$1,398,759$475,729$65,742$857,289
10$1,468,697$501,606$69,029$898,063
11$1,542,132$528,777$72,480$940,875
12$1,619,239$557,306$76,104$985,828
13$1,700,201$587,262$79,909$1,033,029
14$1,785,211$618,716$83,905$1,082,590
15$1,874,471$651,742$88,100$1,134,629
16$1,968,195$686,420$92,505$1,189,270
17$2,066,604$722,831$97,130$1,246,643
18$2,169,935$761,064$101,987$1,306,884
19$2,278,431$801,207$107,086$1,370,138
20$2,392,353$843,358$112,441$1,436,554
21$2,511,971$887,617$118,063$1,506,291
22$2,637,569$934,088$123,966$1,579,515
23$2,769,447$982,883$130,164$1,656,400
24$2,907,920$1,034,118$136,672$1,737,130
25$3,053,316$1,087,915$143,506$1,821,895
26$3,205,982$1,144,401$150,681$1,910,900
27$3,366,281$1,203,712$158,215$2,004,354
28$3,534,595$1,265,988$166,126$2,102,481
29$3,711,324$1,331,378$174,432$2,205,514
30$3,896,891$1,400,037$183,154$2,313,700
Total$62,900,000$22,018,635$2,956,299$37,925,070

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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.