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Mississippi Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $89,200,000 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, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$63,102$824,541
2$1,409,717$479,783$66,257$863,678
3$1,480,203$505,863$69,570$904,771
4$1,554,213$533,247$73,048$947,919
5$1,631,924$562,000$76,700$993,224
6$1,713,520$592,190$80,535$1,040,795
7$1,799,196$623,890$84,562$1,090,744
8$1,889,156$657,176$88,790$1,143,190
9$1,983,614$692,125$93,230$1,198,259
10$2,082,795$728,822$97,891$1,256,082
11$2,186,934$767,353$102,786$1,316,795
12$2,296,281$807,812$107,925$1,380,544
13$2,411,095$850,293$113,321$1,447,481
14$2,531,650$894,898$118,988$1,517,764
15$2,658,232$941,734$124,937$1,591,562
16$2,791,144$990,911$131,184$1,669,049
17$2,930,701$1,042,547$137,743$1,750,411
18$3,077,236$1,096,765$144,630$1,835,841
19$3,231,098$1,153,694$151,862$1,925,542
20$3,392,653$1,213,469$159,455$2,019,729
21$3,562,286$1,276,233$167,427$2,118,625
22$3,740,400$1,342,136$175,799$2,222,465
23$3,927,420$1,411,333$184,589$2,331,498
24$4,123,791$1,483,990$193,818$2,445,982
25$4,329,980$1,560,281$203,509$2,566,191
26$4,546,480$1,640,385$213,685$2,692,410
27$4,773,804$1,724,495$224,369$2,824,940
28$5,012,494$1,812,810$235,587$2,964,096
29$5,263,118$1,905,542$247,367$3,110,210
30$5,526,274$2,002,909$259,735$3,263,630
Total$89,200,000$31,749,631$4,192,401$53,257,968

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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.