USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$34,393$435,998
2$722,243$230,185$36,112$455,946
3$758,355$243,546$37,918$476,891
4$796,273$257,576$39,814$498,883
5$836,087$272,307$41,804$521,975
6$877,891$287,775$43,895$546,222
7$921,786$304,016$46,089$571,681
8$967,875$321,069$48,394$598,412
9$1,016,269$338,974$50,813$626,481
10$1,067,082$357,775$53,354$655,953
11$1,120,436$377,516$56,022$686,898
12$1,176,458$398,244$58,823$719,391
13$1,235,281$420,009$61,764$753,508
14$1,297,045$442,862$64,852$789,331
15$1,361,897$466,857$68,095$826,945
16$1,429,992$492,052$71,500$866,440
17$1,501,492$518,507$75,075$907,910
18$1,576,566$546,284$78,828$951,453
19$1,655,394$575,451$82,770$997,174
20$1,738,164$606,076$86,908$1,045,180
21$1,825,072$638,232$91,254$1,095,587
22$1,916,326$671,996$95,816$1,148,514
23$2,012,142$707,448$100,607$1,204,088
24$2,112,749$744,672$105,637$1,262,440
25$2,218,387$783,758$110,919$1,323,709
26$2,329,306$824,798$116,465$1,388,043
27$2,445,772$867,890$122,289$1,455,592
28$2,568,060$913,137$128,403$1,526,520
29$2,696,463$960,646$134,823$1,600,994
30$2,831,286$1,010,531$141,564$1,679,191
Total$45,700,000$15,797,649$2,285,000$27,617,350

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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.