Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 19, 2026 is estimated to be $48 Million, with a cash option of 20.8 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 Wed Aug 19, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 19, 2026	$48,000,000	$20,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$20,800,000
Federal Tax(24%)	$4,992,000
Additional Federal Tax	$2,664,330
State Tax(5%)	$1,040,000
Net Lumpsum Payment	$12,103,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$722,448	-$227,636 -$36,122	$458,690
2	$758,592	-$241,009 -$37,930	$479,653
3	$796,512	-$255,040 -$39,826	$501,646
4	$836,352	-$269,781 -$41,818	$524,753
5	$878,160	-$285,250 -$43,908	$549,002
6	$922,080	-$301,500 -$46,104	$574,476
7	$968,160	-$318,550 -$48,408	$601,202
8	$1,016,592	-$336,469 -$50,830	$629,293
9	$1,067,424	-$355,277 -$53,371	$658,776
10	$1,120,800	-$375,026 -$56,040	$689,734
11	$1,176,816	-$395,752 -$58,841	$722,223
12	$1,235,664	-$417,526 -$61,783	$756,355
13	$1,297,440	-$440,383 -$64,872	$792,185
14	$1,362,336	-$464,395 -$68,117	$829,824
15	$1,430,448	-$489,596 -$71,522	$869,330
16	$1,501,968	-$516,059 -$75,098	$910,811
17	$1,577,040	-$543,835 -$78,852	$954,353
18	$1,655,904	-$573,015 -$82,795	$1,000,094
19	$1,738,704	-$603,651 -$86,935	$1,048,118
20	$1,825,632	-$635,814 -$91,282	$1,098,536
21	$1,916,928	-$669,594 -$95,846	$1,151,488
22	$2,012,784	-$705,060 -$100,639	$1,207,085
23	$2,113,392	-$742,285 -$105,670	$1,265,437
24	$2,219,088	-$781,393 -$110,954	$1,326,741
25	$2,330,016	-$822,436 -$116,501	$1,391,079
26	$2,446,560	-$865,558 -$122,328	$1,458,674
27	$2,568,864	-$910,810 -$128,443	$1,529,611
28	$2,697,312	-$958,336 -$134,866	$1,604,110
29	$2,832,192	-$1,008,241 -$141,610	$1,682,341
30	$2,973,792	-$1,060,633 -$148,690	$1,764,469