USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

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The tax information provided here is based on 2025 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,549,763$189,407$2,565,540
2$4,519,946$1,629,400$198,878$2,691,668
3$4,745,943$1,713,019$208,822$2,824,102
4$4,983,241$1,800,819$219,263$2,963,159
5$5,232,402$1,893,009$230,226$3,109,168
6$5,494,023$1,989,809$241,737$3,262,477
7$5,768,724$2,091,448$253,824$3,423,452
8$6,057,160$2,198,169$266,515$3,592,475
9$6,360,018$2,310,227$279,841$3,769,950
10$6,678,019$2,427,887$293,833$3,956,299
11$7,011,920$2,551,431$308,524$4,151,965
12$7,362,516$2,681,151$323,951$4,357,414
13$7,730,641$2,817,358$340,148$4,573,136
14$8,117,174$2,960,374$357,156$4,799,644
15$8,523,032$3,110,542$375,013$5,037,477
16$8,949,184$3,268,218$393,764$5,287,202
17$9,396,643$3,433,778$413,452$5,549,413
18$9,866,475$3,607,616$434,125$5,824,734
19$10,359,799$3,790,146$455,831$6,113,822
20$10,877,789$3,981,802$478,623$6,417,364
21$11,421,678$4,183,041$502,554$6,736,083
22$11,992,762$4,394,342$527,682$7,070,738
23$12,592,400$4,616,208$554,066$7,422,126
24$13,222,020$4,849,168$581,769$7,791,084
25$13,883,121$5,093,775$610,857$8,178,489
26$14,577,278$5,350,613$641,400$8,585,264
27$15,306,141$5,620,293$673,470$9,012,379
28$16,071,448$5,903,456$707,144$9,460,848
29$16,875,021$6,200,778$742,501$9,931,742
30$17,718,772$6,512,966$779,626$10,426,180
Total$286,000,001$104,530,606$12,584,002$168,885,394

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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.