Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 2, 2025 is estimated to be $410 Million, with a cash option of 184.9 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 Aug 2, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 2, 2025	$410,000,000	$184,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$184,900,000
Federal Tax(24%)	$44,376,000
Additional Federal Tax	$23,997,330
State Tax(5%)	$9,245,000
Net Lumpsum Payment	$107,281,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,170,910	-$2,243,567 -$308,546	$3,618,797
2	$6,479,640	-$2,357,797 -$323,982	$3,797,861
3	$6,803,540	-$2,477,640 -$340,177	$3,985,723
4	$7,143,840	-$2,603,551 -$357,192	$4,183,097
5	$7,500,950	-$2,735,682 -$375,048	$4,390,220
6	$7,876,100	-$2,874,487 -$393,805	$4,607,808
7	$8,269,700	-$3,020,119 -$413,485	$4,836,096
8	$8,683,390	-$3,173,185 -$434,170	$5,076,035
9	$9,117,580	-$3,333,835 -$455,879	$5,327,866
10	$9,573,500	-$3,502,525 -$478,675	$5,592,300
11	$10,051,970	-$3,679,559 -$502,599	$5,869,812
12	$10,554,630	-$3,865,543 -$527,732	$6,161,355
13	$11,082,300	-$4,060,781 -$554,115	$6,467,404
14	$11,636,620	-$4,265,880 -$581,831	$6,788,909
15	$12,218,410	-$4,481,142 -$610,921	$7,126,347
16	$12,829,310	-$4,707,175 -$641,466	$7,480,669
17	$13,470,550	-$4,944,434 -$673,528	$7,852,588
18	$14,144,180	-$5,193,677 -$707,209	$8,243,294
19	$14,851,430	-$5,455,359 -$742,572	$8,653,499
20	$15,593,940	-$5,730,088 -$779,697	$9,084,155
21	$16,373,760	-$6,018,622 -$818,688	$9,536,450
22	$17,192,530	-$6,321,566 -$859,627	$10,011,337
23	$18,051,890	-$6,639,530 -$902,595	$10,509,765
24	$18,954,710	-$6,973,573 -$947,736	$11,033,401
25	$19,902,220	-$7,324,152 -$995,111	$11,582,957
26	$20,897,700	-$7,692,479 -$1,044,885	$12,160,336
27	$21,942,380	-$8,079,011 -$1,097,119	$12,766,250
28	$23,039,540	-$8,484,960 -$1,151,977	$13,402,603
29	$24,191,640	-$8,911,237 -$1,209,582	$14,070,821
30	$25,401,140	-$9,358,752 -$1,270,057	$14,772,331