Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 12, 2025 is estimated to be $234 Million, with a cash option of 106.6 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 Jul 12, 2025

Draw Date Jackpot Cash Option
Sat Jul 12, 2025$234,000,000$106,600,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$106,600,000
Federal Tax(24%)$25,584,000
Additional Federal Tax$13,818,330
State Tax(5%)$5,330,000
Net Lumpsum Payment$61,867,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $3,521,934 -$1,263,446
-$176,097
$2,082,391
2 $3,698,136 -$1,328,641
-$184,907
$2,184,588
3 $3,882,996 -$1,397,039
-$194,150
$2,291,807
4 $4,077,216 -$1,468,900
-$203,861
$2,404,455
5 $4,281,030 -$1,544,311
-$214,052
$2,522,667
6 $4,495,140 -$1,623,532
-$224,757
$2,646,851
7 $4,719,780 -$1,706,649
-$235,989
$2,777,142
8 $4,955,886 -$1,794,008
-$247,794
$2,914,084
9 $5,203,692 -$1,885,696
-$260,185
$3,057,811
10 $5,463,900 -$1,981,973
-$273,195
$3,208,732
11 $5,736,978 -$2,083,012
-$286,849
$3,367,117
12 $6,023,862 -$2,189,159
-$301,193
$3,533,510
13 $6,325,020 -$2,300,588
-$316,251
$3,708,181
14 $6,641,388 -$2,417,644
-$332,069
$3,891,675
15 $6,973,434 -$2,540,501
-$348,672
$4,084,261
16 $7,322,094 -$2,669,505
-$366,105
$4,286,484
17 $7,688,070 -$2,804,916
-$384,404
$4,498,750
18 $8,072,532 -$2,947,167
-$403,627
$4,721,738
19 $8,476,182 -$3,096,518
-$423,809
$4,955,855
20 $8,899,956 -$3,253,314
-$444,998
$5,201,644
21 $9,345,024 -$3,417,989
-$467,251
$5,459,784
22 $9,812,322 -$3,590,890
-$490,616
$5,730,816
23 $10,302,786 -$3,772,361
-$515,139
$6,015,286
24 $10,818,054 -$3,963,010
-$540,903
$6,314,141
25 $11,358,828 -$4,163,097
-$567,941
$6,627,790
26 $11,926,980 -$4,373,313
-$596,349
$6,957,318
27 $12,523,212 -$4,593,919
-$626,161
$7,303,132
28 $13,149,396 -$4,825,607
-$657,470
$7,666,319
29 $13,806,936 -$5,068,897
-$690,347
$8,047,692
30 $14,497,236 -$5,324,308
-$724,862
$8,448,066
2
3
4
Cash Option: $106.6 Million
Next Draw: Sat Jul 12
Powerball
Wed Jul 9, 2025
050925286905

Mississippi Lottery | Select a State Lottery