Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 17, 2026 is estimated to be $283 Million, with a cash option of 126.8 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 Jun 17, 2026

Draw Date	Jackpot	Cash Option
Wed Jun 17, 2026	$283,000,000	$126,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,800,000
Federal Tax(24%)	$30,432,000
Additional Federal Tax	$16,444,330
State Tax(5%)	$6,340,000
Net Lumpsum Payment	$73,583,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,259,433	-$1,536,321 -$212,972	$2,510,140
2	$4,472,532	-$1,615,167 -$223,627	$2,633,738
3	$4,696,102	-$1,697,888 -$234,805	$2,763,409
4	$4,930,992	-$1,784,797 -$246,550	$2,899,645
5	$5,177,485	-$1,876,000 -$258,874	$3,042,611
6	$5,436,430	-$1,971,809 -$271,822	$3,192,799
7	$5,708,110	-$2,072,331 -$285,406	$3,350,373
8	$5,993,657	-$2,177,983 -$299,683	$3,515,991
9	$6,293,354	-$2,288,871 -$314,668	$3,689,815
10	$6,608,050	-$2,405,309 -$330,403	$3,872,338
11	$6,938,311	-$2,527,505 -$346,916	$4,063,890
12	$7,285,269	-$2,655,880 -$364,263	$4,265,126
13	$7,649,490	-$2,790,642 -$382,475	$4,476,373
14	$8,032,106	-$2,932,210 -$401,605	$4,698,291
15	$8,433,683	-$3,080,793 -$421,684	$4,931,206
16	$8,855,353	-$3,236,811 -$442,768	$5,175,774
17	$9,297,965	-$3,400,577 -$464,898	$5,432,490
18	$9,762,934	-$3,572,616 -$488,147	$5,702,171
19	$10,251,109	-$3,753,241 -$512,555	$5,985,313
20	$10,763,622	-$3,942,871 -$538,181	$6,282,570
21	$11,301,888	-$4,142,029 -$565,094	$6,594,765
22	$11,867,039	-$4,351,135 -$593,352	$6,922,552
23	$12,460,207	-$4,570,607 -$623,010	$7,266,590
24	$13,083,373	-$4,801,178 -$654,169	$7,628,026
25	$13,737,386	-$5,043,163 -$686,869	$8,007,354
26	$14,424,510	-$5,297,399 -$721,226	$8,405,885
27	$15,145,594	-$5,564,200 -$757,280	$8,824,114
28	$15,902,902	-$5,844,404 -$795,145	$9,263,353
29	$16,698,132	-$6,138,639 -$834,907	$9,724,586
30	$17,532,982	-$6,447,534 -$876,649	$10,208,799