Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 5, 2025

Draw Date Jackpot Cash Option
Tue Aug 5, 2025$150,000,000$67,900,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$67,900,000
Federal Tax(24%)$16,296,000
Additional Federal Tax$8,787,330
State Tax(5%)$3,395,000
Net Lumpsum Payment$39,421,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,257,650 -$795,661
-$112,883
$1,349,106
2 $2,370,600 -$837,452
-$118,530
$1,414,618
3 $2,489,100 -$881,297
-$124,455
$1,483,348
4 $2,613,600 -$927,362
-$130,680
$1,555,558
5 $2,744,250 -$975,703
-$137,213
$1,631,334
6 $2,881,500 -$1,026,485
-$144,075
$1,710,940
7 $3,025,500 -$1,079,765
-$151,275
$1,794,460
8 $3,176,850 -$1,135,765
-$158,843
$1,882,242
9 $3,335,700 -$1,194,539
-$166,785
$1,974,376
10 $3,502,500 -$1,256,255
-$175,125
$2,071,120
11 $3,677,550 -$1,321,024
-$183,878
$2,172,648
12 $3,861,450 -$1,389,067
-$193,073
$2,279,310
13 $4,054,500 -$1,460,495
-$202,725
$2,391,280
14 $4,257,300 -$1,535,531
-$212,865
$2,508,904
15 $4,470,150 -$1,614,286
-$223,508
$2,632,356
16 $4,693,650 -$1,696,981
-$234,683
$2,761,986
17 $4,928,250 -$1,783,783
-$246,413
$2,898,054
18 $5,174,700 -$1,874,969
-$258,735
$3,040,996
19 $5,433,450 -$1,970,707
-$271,673
$3,191,070
20 $5,705,100 -$2,071,217
-$285,255
$3,348,628
21 $5,990,400 -$2,176,778
-$299,520
$3,514,102
22 $6,289,950 -$2,287,612
-$314,498
$3,687,840
23 $6,604,350 -$2,403,940
-$330,218
$3,870,192
24 $6,934,650 -$2,526,151
-$346,733
$4,061,766
25 $7,281,300 -$2,654,411
-$364,065
$4,262,824
26 $7,645,500 -$2,789,165
-$382,275
$4,474,060
27 $8,027,700 -$2,930,579
-$401,385
$4,695,736
28 $8,429,100 -$3,079,097
-$421,455
$4,928,548
29 $8,850,600 -$3,235,052
-$442,530
$5,173,018
30 $9,293,100 -$3,398,777
-$464,655
$5,429,668
1
5
0
Cash Option: $67.9 Million
Next Draw: Tue Aug 5
Mega Millions
Fri Aug 1, 2025
182729337022

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