Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(5%)	$3,780,000
Net Lumpsum Payment	$43,887,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$129,439	$1,541,157
2	$2,718,288	-$966,097 -$135,914	$1,616,277
3	$2,854,168	-$1,016,373 -$142,708	$1,695,087
4	$2,996,928	-$1,069,194 -$149,846	$1,777,888
5	$3,146,740	-$1,124,624 -$157,337	$1,864,779
6	$3,304,120	-$1,182,855 -$165,206	$1,956,059
7	$3,469,240	-$1,243,949 -$173,462	$2,051,829
8	$3,642,788	-$1,308,162 -$182,139	$2,152,487
9	$3,824,936	-$1,375,557 -$191,247	$2,258,132
10	$4,016,200	-$1,446,324 -$200,810	$2,369,066
11	$4,216,924	-$1,520,592 -$210,846	$2,485,486
12	$4,427,796	-$1,598,615 -$221,390	$2,607,791
13	$4,649,160	-$1,680,520 -$232,458	$2,736,182
14	$4,881,704	-$1,766,561 -$244,085	$2,871,058
15	$5,125,772	-$1,856,866 -$256,289	$3,012,617
16	$5,382,052	-$1,951,690 -$269,103	$3,161,259
17	$5,651,060	-$2,051,223 -$282,553	$3,317,284
18	$5,933,656	-$2,155,783 -$296,683	$3,481,190
19	$6,230,356	-$2,265,562 -$311,518	$3,653,276
20	$6,541,848	-$2,380,814 -$327,092	$3,833,942
21	$6,868,992	-$2,501,857 -$343,450	$4,023,685
22	$7,212,476	-$2,628,947 -$360,624	$4,222,905
23	$7,572,988	-$2,762,336 -$378,649	$4,432,003
24	$7,951,732	-$2,902,471 -$397,587	$4,651,674
25	$8,349,224	-$3,049,543 -$417,461	$4,882,220
26	$8,766,840	-$3,204,061 -$438,342	$5,124,437
27	$9,205,096	-$3,366,216 -$460,255	$5,378,625
28	$9,665,368	-$3,536,517 -$483,268	$5,645,583
29	$10,148,688	-$3,715,345 -$507,434	$5,925,909
30	$10,656,088	-$3,903,083 -$532,804	$6,220,201