USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jul 29, 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 $142,600,000 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, Jul 29, 2024
Jackpot:$142,600,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,146,335$752,332$100,878$1,293,125
2$2,253,651$792,039$105,922$1,355,691
3$2,366,334$833,731$111,218$1,421,385
4$2,484,651$877,509$116,779$1,490,364
5$2,608,883$923,475$122,618$1,562,791
6$2,739,327$971,739$128,748$1,638,840
7$2,876,294$1,022,416$135,186$1,718,692
8$3,020,108$1,075,628$141,945$1,802,535
9$3,171,114$1,131,500$149,042$1,890,572
10$3,329,670$1,190,165$156,494$1,983,010
11$3,496,153$1,251,764$164,319$2,080,069
12$3,670,961$1,316,443$172,535$2,181,982
13$3,854,509$1,384,356$181,162$2,288,991
14$4,047,234$1,455,664$190,220$2,401,350
15$4,249,596$1,530,538$199,731$2,519,327
16$4,462,076$1,609,156$209,718$2,643,202
17$4,685,179$1,691,704$220,203$2,773,272
18$4,919,438$1,778,380$231,214$2,909,845
19$5,165,410$1,869,390$242,774$3,053,246
20$5,423,681$1,964,950$254,913$3,203,818
21$5,694,865$2,065,288$267,659$3,361,918
22$5,979,608$2,170,643$281,042$3,527,924
23$6,278,588$2,281,265$295,094$3,702,229
24$6,592,518$2,397,419$309,848$3,885,250
25$6,922,144$2,519,381$325,341$4,077,422
26$7,268,251$2,647,441$341,608$4,279,203
27$7,631,664$2,781,903$358,688$4,491,072
28$8,013,247$2,923,089$376,623$4,713,535
29$8,413,909$3,071,334$395,454$4,947,121
30$8,834,604$3,226,991$415,226$5,192,387
Total$142,600,000$51,507,633$6,702,202$84,390,168

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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.