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