Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 7, 2025 is estimated to be $547 Million, with a cash option of 251.7 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 Oct 7, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 7, 2025	$547,000,000	$251,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$251,700,000
Federal Tax(24%)	$60,408,000
Additional Federal Tax	$32,681,330
State Tax(5%)	$12,585,000
Net Lumpsum Payment	$146,025,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,232,897	-$3,006,502 -$411,645	$4,814,750
2	$8,644,788	-$3,158,902 -$432,239	$5,053,647
3	$9,076,918	-$3,318,790 -$453,846	$5,304,282
4	$9,530,928	-$3,486,774 -$476,546	$5,567,608
5	$10,007,365	-$3,663,055 -$500,368	$5,843,942
6	$10,507,870	-$3,848,242 -$525,394	$6,134,234
7	$11,032,990	-$4,042,537 -$551,650	$6,438,803
8	$11,584,913	-$4,246,748 -$579,246	$6,758,919
9	$12,164,186	-$4,461,079 -$608,209	$7,094,898
10	$12,772,450	-$4,686,137 -$638,623	$7,447,690
11	$13,410,799	-$4,922,326 -$670,540	$7,817,933
12	$14,081,421	-$5,170,456 -$704,071	$8,206,894
13	$14,785,410	-$5,430,932 -$739,271	$8,615,207
14	$15,524,954	-$5,704,563 -$776,248	$9,044,143
15	$16,301,147	-$5,991,755 -$815,057	$9,494,335
16	$17,116,177	-$6,293,316 -$855,809	$9,967,052
17	$17,971,685	-$6,609,854 -$898,584	$10,463,247
18	$18,870,406	-$6,942,381 -$943,520	$10,984,505
19	$19,813,981	-$7,291,503 -$990,699	$11,531,779
20	$20,804,598	-$7,658,032 -$1,040,230	$12,106,336
21	$21,844,992	-$8,042,977 -$1,092,250	$12,709,765
22	$22,937,351	-$8,447,150 -$1,146,868	$13,343,333
23	$24,083,863	-$8,871,360 -$1,204,193	$14,008,310
24	$25,288,357	-$9,317,022 -$1,264,418	$14,706,917
25	$26,552,474	-$9,784,746 -$1,327,624	$15,440,104
26	$27,880,590	-$10,276,149 -$1,394,030	$16,210,411
27	$29,274,346	-$10,791,838 -$1,463,717	$17,018,791
28	$30,738,118	-$11,333,434 -$1,536,906	$17,867,778
29	$32,275,188	-$11,902,150 -$1,613,759	$18,759,279
30	$33,888,838	-$12,499,200 -$1,694,442	$19,695,196