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Mississippi Powerball Jackpot Annuity Payout Schedule for Dec 18, 2023

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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 $544,400,000 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 18, 2023
Jackpot:$544,400,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,194,001$2,989,968$385,118$4,818,915
2$8,603,701$3,141,557$404,374$5,057,770
3$9,033,886$3,300,726$424,593$5,308,568
4$9,485,581$3,467,853$445,822$5,571,906
5$9,959,860$3,643,336$468,113$5,848,410
6$10,457,853$3,827,593$491,519$6,138,740
7$10,980,746$4,021,064$516,095$6,443,587
8$11,529,783$4,224,207$541,900$6,763,676
9$12,106,272$4,437,508$568,995$7,099,769
10$12,711,585$4,661,474$597,445$7,452,667
11$13,347,165$4,896,639$627,317$7,823,209
12$14,014,523$5,143,561$658,683$8,212,279
13$14,715,249$5,402,830$691,617$8,620,802
14$15,451,012$5,675,062$726,198$9,049,752
15$16,223,562$5,960,906$762,507$9,500,149
16$17,034,740$6,261,042$800,633$9,973,066
17$17,886,477$6,576,184$840,664$10,469,628
18$18,780,801$6,907,084$882,698$10,991,019
19$19,719,841$7,254,529$926,833$11,538,480
20$20,705,833$7,619,346$973,174$12,113,313
21$21,741,125$8,002,404$1,021,833$12,716,888
22$22,828,181$8,404,615$1,072,925$13,350,642
23$23,969,590$8,826,936$1,126,571$14,016,083
24$25,168,069$9,270,373$1,182,899$14,714,797
25$26,426,473$9,735,983$1,242,044$15,448,446
26$27,747,797$10,224,873$1,304,146$16,218,778
27$29,135,187$10,738,207$1,369,354$17,027,626
28$30,591,946$11,277,208$1,437,821$17,876,917
29$32,121,543$11,843,159$1,509,713$18,768,672
30$33,727,620$12,437,407$1,585,198$19,705,015
Total$544,400,001$200,173,634$25,586,802$318,639,569

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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.