Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 13, 2025 is estimated to be $264 Million, with a cash option of 117.3 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 Jun 13, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 13, 2025	$264,000,000	$117,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$117,300,000
Federal Tax(24%)	$28,152,000
Additional Federal Tax	$15,209,330
State Tax(5%)	$5,865,000
Net Lumpsum Payment	$68,073,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,973,464	-$1,430,512 -$198,673	$2,344,279
2	$4,172,256	-$1,504,065 -$208,613	$2,459,578
3	$4,380,816	-$1,581,232 -$219,041	$2,580,543
4	$4,599,936	-$1,662,307 -$229,997	$2,707,632
5	$4,829,880	-$1,747,386 -$241,494	$2,841,000
6	$5,071,440	-$1,836,763 -$253,572	$2,981,105
7	$5,324,880	-$1,930,536 -$266,244	$3,128,100
8	$5,591,256	-$2,029,095 -$279,563	$3,282,598
9	$5,870,832	-$2,132,538 -$293,542	$3,444,752
10	$6,164,400	-$2,241,158 -$308,220	$3,615,022
11	$6,472,488	-$2,355,151 -$323,624	$3,793,713
12	$6,796,152	-$2,474,907 -$339,808	$3,981,437
13	$7,135,920	-$2,600,621 -$356,796	$4,178,503
14	$7,492,848	-$2,732,684 -$374,642	$4,385,522
15	$7,867,464	-$2,871,292 -$393,373	$4,602,799
16	$8,260,824	-$3,016,835 -$413,041	$4,830,948
17	$8,673,720	-$3,169,607 -$433,686	$5,070,427
18	$9,107,472	-$3,330,095 -$455,374	$5,322,003
19	$9,562,872	-$3,498,593 -$478,144	$5,586,135
20	$10,040,976	-$3,675,492 -$502,049	$5,863,435
21	$10,543,104	-$3,861,279 -$527,155	$6,154,670
22	$11,070,312	-$4,056,346 -$553,516	$6,460,450
23	$11,623,656	-$4,261,083 -$581,183	$6,781,390
24	$12,204,984	-$4,476,174 -$610,249	$7,118,561
25	$12,815,088	-$4,701,913 -$640,754	$7,472,421
26	$13,456,080	-$4,939,080 -$672,804	$7,844,196
27	$14,128,752	-$5,187,969 -$706,438	$8,234,345
28	$14,835,216	-$5,449,360 -$741,761	$8,644,095
29	$15,577,056	-$5,723,841 -$778,853	$9,074,362
30	$16,355,856	-$6,011,997 -$817,793	$9,526,066