Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(5%)	$4,550,000
Net Lumpsum Payment	$52,819,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$155,778	$1,846,693
2	$3,271,428	-$1,170,759 -$163,571	$1,937,098
3	$3,434,958	-$1,231,265 -$171,748	$2,031,945
4	$3,606,768	-$1,294,835 -$180,338	$2,131,595
5	$3,787,065	-$1,361,544 -$189,353	$2,236,168
6	$3,976,470	-$1,431,624 -$198,824	$2,346,022
7	$4,175,190	-$1,505,151 -$208,760	$2,461,279
8	$4,384,053	-$1,582,430 -$219,203	$2,582,420
9	$4,603,266	-$1,663,539 -$230,163	$2,709,564
10	$4,833,450	-$1,748,707 -$241,673	$2,843,070
11	$5,075,019	-$1,838,087 -$253,751	$2,983,181
12	$5,328,801	-$1,931,987 -$266,440	$3,130,374
13	$5,595,210	-$2,030,558 -$279,761	$3,284,891
14	$5,875,074	-$2,134,108 -$293,754	$3,447,212
15	$6,168,807	-$2,242,789 -$308,440	$3,617,578
16	$6,477,237	-$2,356,908 -$323,862	$3,796,467
17	$6,800,985	-$2,476,695 -$340,049	$3,984,241
18	$7,141,086	-$2,602,532 -$357,054	$4,181,500
19	$7,498,161	-$2,734,650 -$374,908	$4,388,603
20	$7,873,038	-$2,873,354 -$393,652	$4,606,032
21	$8,266,752	-$3,019,029 -$413,338	$4,834,385
22	$8,680,131	-$3,171,979 -$434,007	$5,074,145
23	$9,114,003	-$3,332,511 -$455,700	$5,325,792
24	$9,569,817	-$3,501,163 -$478,491	$5,590,163
25	$10,048,194	-$3,678,162 -$502,410	$5,867,622
26	$10,550,790	-$3,864,123 -$527,540	$6,159,127
27	$11,078,226	-$4,059,274 -$553,911	$6,465,041
28	$11,632,158	-$4,264,229 -$581,608	$6,786,321
29	$12,213,828	-$4,479,447 -$610,691	$7,123,690
30	$12,824,478	-$4,705,387 -$641,224	$7,477,867