USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $2,040,100,000 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 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$1,535,322$17,846,776
2$32,241,755$11,892,404$1,612,088$18,737,263
3$33,853,842$12,488,876$1,692,692$19,672,273
4$35,546,535$13,115,173$1,777,327$20,654,035
5$37,323,860$13,772,783$1,866,193$21,684,884
6$39,190,054$14,463,275$1,959,503$22,767,276
7$41,149,558$15,188,291$2,057,478$23,903,788
8$43,207,035$15,949,558$2,160,352$25,097,125
9$45,367,387$16,748,888$2,268,369$26,350,129
10$47,635,756$17,588,185$2,381,788$27,665,783
11$50,017,544$18,469,446$2,500,877$29,047,220
12$52,518,421$19,394,771$2,625,921$30,497,729
13$55,144,342$20,366,361$2,757,217$32,020,763
14$57,901,559$21,386,532$2,895,078$33,619,949
15$60,796,637$22,457,711$3,039,832$35,299,094
16$63,836,469$23,582,449$3,191,823$37,062,197
17$67,028,291$24,763,423$3,351,415$38,913,454
18$70,379,706$26,003,446$3,518,985$40,857,275
19$73,898,691$27,305,471$3,694,935$42,898,286
20$77,593,627$28,672,597$3,879,681$45,041,348
21$81,473,307$30,108,079$4,073,665$47,291,563
22$85,546,973$31,615,335$4,277,349$49,654,289
23$89,824,322$33,197,954$4,491,216$52,135,152
24$94,315,537$34,859,704$4,715,777$54,740,056
25$99,031,314$36,604,541$4,951,566$57,475,207
26$103,982,881$38,436,621$5,199,144$60,347,116
27$109,182,025$40,360,304$5,459,101$63,362,619
28$114,641,124$42,380,171$5,732,056$66,528,897
29$120,373,181$44,501,032$6,018,659$69,853,490
30$126,391,841$46,727,936$6,319,592$73,344,313
Total$2,040,100,004$753,725,652$102,005,001$1,184,369,349

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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.