Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(5%)	$9,290,000
Net Lumpsum Payment	$107,803,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$301,020	$3,531,502
2	$6,321,600	-$2,299,322 -$316,080	$3,706,198
3	$6,637,600	-$2,416,242 -$331,880	$3,889,478
4	$6,969,600	-$2,539,082 -$348,480	$4,082,038
5	$7,318,000	-$2,667,990 -$365,900	$4,284,110
6	$7,684,000	-$2,803,410 -$384,200	$4,496,390
7	$8,068,000	-$2,945,490 -$403,400	$4,719,110
8	$8,471,600	-$3,094,822 -$423,580	$4,953,198
9	$8,895,200	-$3,251,554 -$444,760	$5,198,886
10	$9,340,000	-$3,416,130 -$467,000	$5,456,870
11	$9,806,800	-$3,588,846 -$490,340	$5,727,614
12	$10,297,200	-$3,770,294 -$514,860	$6,012,046
13	$10,812,000	-$3,960,770 -$540,600	$6,310,630
14	$11,352,800	-$4,160,866 -$567,640	$6,624,294
15	$11,920,400	-$4,370,878 -$596,020	$6,953,502
16	$12,516,400	-$4,591,398 -$625,820	$7,299,182
17	$13,142,000	-$4,822,870 -$657,100	$7,662,030
18	$13,799,200	-$5,066,034 -$689,960	$8,043,206
19	$14,489,200	-$5,321,334 -$724,460	$8,443,406
20	$15,213,600	-$5,589,362 -$760,680	$8,863,558
21	$15,974,400	-$5,870,858 -$798,720	$9,304,822
22	$16,773,200	-$6,166,414 -$838,660	$9,768,126
23	$17,611,600	-$6,476,622 -$880,580	$10,254,398
24	$18,492,400	-$6,802,518 -$924,620	$10,765,262
25	$19,416,800	-$7,144,546 -$970,840	$11,301,414
26	$20,388,000	-$7,503,890 -$1,019,400	$11,864,710
27	$21,407,200	-$7,880,994 -$1,070,360	$12,455,846
28	$22,477,600	-$8,277,042 -$1,123,880	$13,076,678
29	$23,601,600	-$8,692,922 -$1,180,080	$13,728,598
30	$24,781,600	-$9,129,522 -$1,239,080	$14,412,998