Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 29, 2026 is estimated to be $663 Million, with a cash option of 290.4 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 Jul 29, 2026

Draw Date	Jackpot	Cash Option
Wed Jul 29, 2026	$663,000,000	$290,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,400,000
Federal Tax(24%)	$69,696,000
Additional Federal Tax	$37,712,330
State Tax(5%)	$14,520,000
Net Lumpsum Payment	$168,471,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,978,813	-$3,652,491 -$498,941	$5,827,381
2	$10,478,052	-$3,837,210 -$523,903	$6,116,939
3	$11,001,822	-$4,031,005 -$550,091	$6,420,726
4	$11,552,112	-$4,234,612 -$577,606	$6,739,894
5	$12,129,585	-$4,448,277 -$606,479	$7,074,829
6	$12,736,230	-$4,672,735 -$636,812	$7,426,683
7	$13,372,710	-$4,908,233 -$668,636	$7,795,841
8	$14,041,677	-$5,155,751 -$702,084	$8,183,842
9	$14,743,794	-$5,415,534 -$737,190	$8,591,070
10	$15,481,050	-$5,688,319 -$774,053	$9,018,678
11	$16,254,771	-$5,974,596 -$812,739	$9,467,436
12	$17,067,609	-$6,275,346 -$853,380	$9,938,883
13	$17,920,890	-$6,591,060 -$896,045	$10,433,785
14	$18,817,266	-$6,922,719 -$940,863	$10,953,684
15	$19,758,063	-$7,270,814 -$987,903	$11,499,346
16	$20,745,933	-$7,636,326 -$1,037,297	$12,072,310
17	$21,782,865	-$8,019,990 -$1,089,143	$12,673,732
18	$22,872,174	-$8,423,035 -$1,143,609	$13,305,530
19	$24,015,849	-$8,846,195 -$1,200,792	$13,968,862
20	$25,216,542	-$9,290,451 -$1,260,827	$14,665,264
21	$26,477,568	-$9,757,031 -$1,323,878	$15,396,659
22	$27,801,579	-$10,246,915 -$1,390,079	$16,164,585
23	$29,191,227	-$10,761,084 -$1,459,561	$16,970,582
24	$30,651,153	-$11,301,257 -$1,532,558	$17,817,338
25	$32,183,346	-$11,868,168 -$1,609,167	$18,706,011
26	$33,793,110	-$12,463,781 -$1,689,656	$19,639,673
27	$35,482,434	-$13,088,831 -$1,774,122	$20,619,481
28	$37,256,622	-$13,745,281 -$1,862,831	$21,648,510
29	$39,119,652	-$14,434,602 -$1,955,983	$22,729,067
30	$41,075,502	-$15,158,266 -$2,053,775	$23,863,461