Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 22, 2025 is estimated to be $629 Million, with a cash option of 294.5 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 Nov 22, 2025

Draw Date	Jackpot	Cash Option
Sat Nov 22, 2025	$629,000,000	$294,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,500,000
Federal Tax(24%)	$70,680,000
Additional Federal Tax	$38,245,330
State Tax(5%)	$14,725,000
Net Lumpsum Payment	$170,849,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,467,079	-$3,463,150 -$473,354	$5,530,575
2	$9,940,716	-$3,638,395 -$497,036	$5,805,285
3	$10,437,626	-$3,822,252 -$521,881	$6,093,493
4	$10,959,696	-$4,015,418 -$547,985	$6,396,293
5	$11,507,555	-$4,218,126 -$575,378	$6,714,051
6	$12,083,090	-$4,431,074 -$604,155	$7,047,861
7	$12,686,930	-$4,654,494 -$634,347	$7,398,089
8	$13,321,591	-$4,889,319 -$666,080	$7,766,192
9	$13,987,702	-$5,135,780 -$699,385	$8,152,537
10	$14,687,150	-$5,394,576 -$734,358	$8,558,216
11	$15,421,193	-$5,666,172 -$771,060	$8,983,961
12	$16,192,347	-$5,951,499 -$809,617	$9,431,231
13	$17,001,870	-$6,251,022 -$850,094	$9,900,754
14	$17,852,278	-$6,565,673 -$892,614	$10,393,991
15	$18,744,829	-$6,895,917 -$937,241	$10,911,671
16	$19,682,039	-$7,242,685 -$984,102	$11,455,252
17	$20,665,795	-$7,606,675 -$1,033,290	$12,025,830
18	$21,699,242	-$7,989,050 -$1,084,962	$12,625,230
19	$22,784,267	-$8,390,509 -$1,139,213	$13,254,545
20	$23,923,386	-$8,811,983 -$1,196,169	$13,915,234
21	$25,119,744	-$9,254,636 -$1,255,987	$14,609,121
22	$26,375,857	-$9,719,397 -$1,318,793	$15,337,667
23	$27,694,241	-$10,207,200 -$1,384,712	$16,102,329
24	$29,079,299	-$10,719,671 -$1,453,965	$16,905,663
25	$30,532,918	-$11,257,510 -$1,526,646	$17,748,762
26	$32,060,130	-$11,822,578 -$1,603,007	$18,634,545
27	$33,662,822	-$12,415,575 -$1,683,141	$19,564,106
28	$35,346,026	-$13,038,360 -$1,767,301	$20,540,365
29	$37,113,516	-$13,692,331 -$1,855,676	$21,565,509
30	$38,969,066	-$14,378,885 -$1,948,453	$22,641,728