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Mississippi Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$327,322$4,101,999
2$7,312,514$2,663,818$343,688$4,305,008
3$7,678,140$2,799,099$360,873$4,518,168
4$8,062,047$2,941,145$378,916$4,741,986
5$8,465,149$3,090,293$397,862$4,976,994
6$8,888,406$3,246,898$417,755$5,223,753
7$9,332,827$3,411,334$438,643$5,482,850
8$9,799,468$3,583,991$460,575$5,754,902
9$10,289,442$3,765,281$483,604$6,040,557
10$10,803,914$3,955,636$507,784$6,340,494
11$11,344,109$4,155,508$533,173$6,655,428
12$11,911,315$4,365,374$559,832$6,986,109
13$12,506,880$4,585,734$587,823$7,333,324
14$13,132,225$4,817,111$617,215$7,697,899
15$13,788,836$5,060,057$648,075$8,080,703
16$14,478,278$5,315,150$680,479$8,482,648
17$15,202,191$5,582,999$714,503$8,904,690
18$15,962,301$5,864,239$750,228$9,347,834
19$16,760,416$6,159,542$787,740$9,813,135
20$17,598,437$6,469,609$827,127$10,301,701
21$18,478,359$6,795,180$868,483$10,814,695
22$19,402,276$7,137,030$911,907$11,353,339
23$20,372,390$7,495,972$957,502$11,918,916
24$21,391,010$7,872,861$1,005,377$12,512,771
25$22,460,560$8,268,595$1,055,646$13,136,319
26$23,583,589$8,684,116$1,108,429$13,791,044
27$24,762,768$9,120,412$1,163,850$14,478,506
28$26,000,906$9,578,523$1,222,043$15,200,340
29$27,300,951$10,059,540$1,283,145$15,958,267
30$28,665,999$10,564,607$1,347,302$16,754,090
Total$462,700,001$169,944,632$21,746,901$271,008,469

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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.