Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 21, 2026 is estimated to be $209 Million, with a cash option of 95.2 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 Wed Jan 21, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 21, 2026	$209,000,000	$95,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$95,200,000
Federal Tax(24%)	$22,848,000
Additional Federal Tax	$12,336,330
State Tax(5%)	$4,760,000
Net Lumpsum Payment	$55,255,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,145,659	-$1,124,224 -$157,283	$1,864,152
2	$3,303,036	-$1,182,454 -$165,152	$1,955,430
3	$3,468,146	-$1,243,544 -$173,407	$2,051,195
4	$3,641,616	-$1,307,728 -$182,081	$2,151,807
5	$3,823,655	-$1,375,083 -$191,183	$2,257,389
6	$4,014,890	-$1,445,840 -$200,745	$2,368,305
7	$4,215,530	-$1,520,076 -$210,777	$2,484,677
8	$4,426,411	-$1,598,102 -$221,321	$2,606,988
9	$4,647,742	-$1,679,995 -$232,387	$2,735,360
10	$4,880,150	-$1,765,986 -$244,008	$2,870,156
11	$5,124,053	-$1,856,230 -$256,203	$3,011,620
12	$5,380,287	-$1,951,037 -$269,014	$3,160,236
13	$5,649,270	-$2,050,560 -$282,464	$3,316,246
14	$5,931,838	-$2,155,110 -$296,592	$3,480,136
15	$6,228,409	-$2,264,842 -$311,420	$3,652,147
16	$6,539,819	-$2,380,063 -$326,991	$3,832,765
17	$6,866,695	-$2,501,008 -$343,335	$4,022,352
18	$7,210,082	-$2,628,061 -$360,504	$4,221,517
19	$7,570,607	-$2,761,455 -$378,530	$4,430,622
20	$7,949,106	-$2,901,500 -$397,455	$4,650,151
21	$8,346,624	-$3,048,581 -$417,331	$4,880,712
22	$8,763,997	-$3,203,009 -$438,200	$5,122,788
23	$9,202,061	-$3,365,093 -$460,103	$5,376,865
24	$9,662,279	-$3,535,374 -$483,114	$5,643,791
25	$10,145,278	-$3,714,083 -$507,264	$5,923,931
26	$10,652,730	-$3,901,840 -$532,637	$6,218,253
27	$11,185,262	-$4,098,877 -$559,263	$6,527,122
28	$11,744,546	-$4,305,812 -$587,227	$6,851,507
29	$12,331,836	-$4,523,110 -$616,592	$7,192,134
30	$12,948,386	-$4,751,233 -$647,419	$7,549,734