Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 19, 2025 is estimated to be $131 Million, with a cash option of 58.6 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Mississippi Powerball Jackpot/Cash Option for Sat Apr 19, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 19, 2025	$131,000,000	$58,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$58,600,000
Federal Tax(24%)	$14,064,000
Additional Federal Tax	$7,578,330
State Tax(5%)	$2,930,000
Net Lumpsum Payment	$34,027,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$98,584	$1,183,245
2	$2,070,324	-$726,350 -$103,516	$1,240,458
3	$2,173,814	-$764,642 -$108,691	$1,300,481
4	$2,282,544	-$804,872 -$114,127	$1,363,545
5	$2,396,645	-$847,089 -$119,832	$1,429,724
6	$2,516,510	-$891,439 -$125,826	$1,499,245
7	$2,642,270	-$937,970 -$132,114	$1,572,186
8	$2,774,449	-$986,877 -$138,722	$1,648,850
9	$2,913,178	-$1,038,206 -$145,659	$1,729,313
10	$3,058,850	-$1,092,105 -$152,943	$1,813,802
11	$3,211,727	-$1,148,669 -$160,586	$1,902,472
12	$3,372,333	-$1,208,094 -$168,617	$1,995,622
13	$3,540,930	-$1,270,474 -$177,047	$2,093,409
14	$3,718,042	-$1,336,006 -$185,902	$2,196,134
15	$3,903,931	-$1,404,785 -$195,197	$2,303,949
16	$4,099,121	-$1,477,005 -$204,956	$2,417,160
17	$4,304,005	-$1,552,812 -$215,200	$2,535,993
18	$4,519,238	-$1,632,448 -$225,962	$2,660,828
19	$4,745,213	-$1,716,059 -$237,261	$2,791,893
20	$4,982,454	-$1,803,838 -$249,123	$2,929,493
21	$5,231,616	-$1,896,028 -$261,581	$3,074,007
22	$5,493,223	-$1,992,823 -$274,661	$3,225,739
23	$5,767,799	-$2,094,416 -$288,390	$3,384,993
24	$6,056,261	-$2,201,147 -$302,813	$3,552,301
25	$6,359,002	-$2,313,161 -$317,950	$3,727,891
26	$6,677,070	-$2,430,846 -$333,854	$3,912,370
27	$7,010,858	-$2,554,348 -$350,543	$4,105,967
28	$7,361,414	-$2,684,054 -$368,071	$4,309,289
29	$7,729,524	-$2,820,254 -$386,476	$4,522,794
30	$8,115,974	-$2,963,241 -$405,799	$4,746,934