USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Nov 5, 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 $1,656,800,000 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 money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Sat, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,189,725$1,246,861$14,500,631
2$26,184,079$9,651,064$1,309,204$15,223,811
3$27,493,282$10,135,469$1,374,664$15,983,149
4$28,867,947$10,644,096$1,443,397$16,780,454
5$30,311,343$11,178,152$1,515,567$17,617,624
6$31,826,911$11,738,912$1,591,346$18,496,653
7$33,418,257$12,327,710$1,670,913$19,419,634
8$35,089,170$12,945,948$1,754,459$20,388,764
9$36,843,628$13,595,098$1,842,181$21,406,350
10$38,685,809$14,276,705$1,934,290$22,474,814
11$40,620,100$14,992,392$2,031,005$23,596,703
12$42,651,105$15,743,864$2,132,555$24,774,686
13$44,783,660$16,532,909$2,239,183$26,011,568
14$47,022,844$17,361,407$2,351,142$27,310,294
15$49,373,985$18,231,330$2,468,699$28,673,956
16$51,842,685$19,144,749$2,592,134$30,105,802
17$54,434,818$20,103,838$2,721,741$31,609,240
18$57,156,560$21,110,882$2,857,828$33,187,850
19$60,014,387$22,168,278$3,000,719$34,845,390
20$63,015,107$23,278,545$3,150,755$36,585,807
21$66,165,862$24,444,324$3,308,293$38,413,245
22$69,474,155$25,668,392$3,473,708$40,332,055
23$72,947,864$26,953,665$3,647,393$42,346,806
24$76,595,256$28,303,200$3,829,763$44,462,293
25$80,425,018$29,720,212$4,021,251$46,683,556
26$84,446,271$31,208,075$4,222,314$49,015,882
27$88,668,584$32,770,331$4,433,429$51,464,824
28$93,102,012$34,410,699$4,655,101$54,036,212
29$97,757,113$36,133,087$4,887,856$56,736,171
30$102,644,970$37,941,594$5,132,248$59,571,127
Total$1,656,800,003$611,904,652$82,839,999$962,055,351

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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.