Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 23, 2025 is estimated to be $154 Million, with a cash option of 69 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Mississippi, your state will take 5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Mississippi MEGA Millions Jackpot/Cash Option for Fri May 23, 2025

Draw Date	Jackpot	Cash Option
Fri May 23, 2025	$154,000,000	$69,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,000,000
Federal Tax(24%)	$16,560,000
Additional Federal Tax	$8,930,330
State Tax(5%)	$3,450,000
Net Lumpsum Payment	$40,059,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$115,893	$1,384,025
2	$2,433,816	-$860,842 -$121,691	$1,451,283
3	$2,555,476	-$905,857 -$127,774	$1,521,845
4	$2,683,296	-$953,150 -$134,165	$1,595,981
5	$2,817,430	-$1,002,779 -$140,872	$1,673,779
6	$2,958,340	-$1,054,916 -$147,917	$1,755,507
7	$3,106,180	-$1,109,617 -$155,309	$1,841,254
8	$3,261,566	-$1,167,110 -$163,078	$1,931,378
9	$3,424,652	-$1,227,452 -$171,233	$2,025,967
10	$3,595,900	-$1,290,813 -$179,795	$2,125,292
11	$3,775,618	-$1,357,309 -$188,781	$2,229,528
12	$3,964,422	-$1,427,167 -$198,221	$2,339,034
13	$4,162,620	-$1,500,500 -$208,131	$2,453,989
14	$4,370,828	-$1,577,537 -$218,541	$2,574,750
15	$4,589,354	-$1,658,391 -$229,468	$2,701,495
16	$4,818,814	-$1,743,292 -$240,941	$2,834,581
17	$5,059,670	-$1,832,408 -$252,984	$2,974,278
18	$5,312,692	-$1,926,026 -$265,635	$3,121,031
19	$5,578,342	-$2,024,317 -$278,917	$3,275,108
20	$5,857,236	-$2,127,508 -$292,862	$3,436,866
21	$6,150,144	-$2,235,884 -$307,507	$3,606,753
22	$6,457,682	-$2,349,673 -$322,884	$3,785,125
23	$6,780,466	-$2,469,103 -$339,023	$3,972,340
24	$7,119,574	-$2,594,573 -$355,979	$4,169,022
25	$7,475,468	-$2,726,254 -$373,773	$4,375,441
26	$7,849,380	-$2,864,601 -$392,469	$4,592,310
27	$8,241,772	-$3,009,786 -$412,089	$4,819,897
28	$8,653,876	-$3,162,265 -$432,694	$5,058,917
29	$9,086,616	-$3,322,378 -$454,331	$5,309,907
30	$9,540,916	-$3,490,469 -$477,046	$5,573,401