Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(5%)	$1,885,000
Net Lumpsum Payment	$21,905,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$61,709	$755,495
2	$1,295,928	-$439,824 -$64,796	$791,308
3	$1,360,708	-$463,792 -$68,035	$828,881
4	$1,428,768	-$488,975 -$71,438	$868,355
5	$1,500,190	-$515,401 -$75,010	$909,779
6	$1,575,220	-$543,162 -$78,761	$953,297
7	$1,653,940	-$572,288 -$82,697	$998,955
8	$1,736,678	-$602,901 -$86,834	$1,046,943
9	$1,823,516	-$635,031 -$91,176	$1,097,309
10	$1,914,700	-$668,769 -$95,735	$1,150,196
11	$2,010,394	-$704,176 -$100,520	$1,205,698
12	$2,110,926	-$741,373 -$105,546	$1,264,007
13	$2,216,460	-$780,421 -$110,823	$1,325,216
14	$2,327,324	-$821,440 -$116,366	$1,389,518
15	$2,443,682	-$864,493 -$122,184	$1,457,005
16	$2,565,862	-$909,699 -$128,293	$1,527,870
17	$2,694,110	-$957,151 -$134,706	$1,602,253
18	$2,828,836	-$1,007,000 -$141,442	$1,680,394
19	$2,970,286	-$1,059,336 -$148,514	$1,762,436
20	$3,118,788	-$1,114,282 -$155,939	$1,848,567
21	$3,274,752	-$1,171,989 -$163,738	$1,939,025
22	$3,438,506	-$1,232,578 -$171,925	$2,034,003
23	$3,610,378	-$1,296,170 -$180,519	$2,133,689
24	$3,790,942	-$1,362,979 -$189,547	$2,238,416
25	$3,980,444	-$1,433,095 -$199,022	$2,348,327
26	$4,179,540	-$1,506,760 -$208,977	$2,463,803
27	$4,388,476	-$1,584,067 -$219,424	$2,584,985
28	$4,607,908	-$1,665,256 -$230,395	$2,712,257
29	$4,838,328	-$1,750,512 -$241,916	$2,845,900
30	$5,080,228	-$1,840,015 -$254,011	$2,986,202