Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 Tue Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(5%)	$5,690,000
Net Lumpsum Payment	$66,043,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$190,395	$2,248,254
2	$3,998,412	-$1,439,743 -$199,921	$2,358,748
3	$4,198,282	-$1,513,695 -$209,914	$2,474,673
4	$4,408,272	-$1,591,391 -$220,414	$2,596,467
5	$4,628,635	-$1,672,925 -$231,432	$2,724,278
6	$4,860,130	-$1,758,578 -$243,007	$2,858,545
7	$5,103,010	-$1,848,444 -$255,151	$2,999,415
8	$5,358,287	-$1,942,897 -$267,914	$3,147,476
9	$5,626,214	-$2,042,030 -$281,311	$3,302,873
10	$5,907,550	-$2,146,124 -$295,378	$3,466,048
11	$6,202,801	-$2,255,367 -$310,140	$3,637,294
12	$6,512,979	-$2,370,133 -$325,649	$3,817,197
13	$6,838,590	-$2,490,609 -$341,930	$4,006,051
14	$7,180,646	-$2,617,169 -$359,032	$4,204,445
15	$7,539,653	-$2,750,002 -$376,983	$4,412,668
16	$7,916,623	-$2,889,481 -$395,831	$4,631,311
17	$8,312,315	-$3,035,887 -$415,616	$4,860,812
18	$8,727,994	-$3,189,688 -$436,400	$5,101,906
19	$9,164,419	-$3,351,165 -$458,221	$5,355,033
20	$9,622,602	-$3,520,693 -$481,130	$5,620,779
21	$10,103,808	-$3,698,739 -$505,190	$5,899,879
22	$10,609,049	-$3,885,679 -$530,452	$6,192,918
23	$11,139,337	-$4,081,885 -$556,967	$6,500,485
24	$11,696,443	-$4,288,014 -$584,822	$6,823,607
25	$12,281,126	-$4,504,347 -$614,056	$7,162,723
26	$12,895,410	-$4,731,632 -$644,771	$7,519,007
27	$13,540,054	-$4,970,150 -$677,003	$7,892,901
28	$14,217,082	-$5,220,651 -$710,854	$8,285,577
29	$14,928,012	-$5,483,695 -$746,401	$8,697,916
30	$15,674,362	-$5,759,844 -$783,718	$9,130,800