Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(5%)	$1,475,000
Net Lumpsum Payment	$17,149,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$48,163	$598,363
2	$1,011,456	-$334,569 -$50,573	$626,314
3	$1,062,016	-$353,276 -$53,101	$655,639
4	$1,115,136	-$372,931 -$55,757	$686,448
5	$1,170,880	-$393,556 -$58,544	$718,780
6	$1,229,440	-$415,223 -$61,472	$752,745
7	$1,290,880	-$437,956 -$64,544	$788,380
8	$1,355,456	-$461,849 -$67,773	$825,834
9	$1,423,232	-$486,926 -$71,162	$865,144
10	$1,494,400	-$513,258 -$74,720	$906,422
11	$1,569,088	-$540,893 -$78,454	$949,741
12	$1,647,552	-$569,925 -$82,378	$995,249
13	$1,729,920	-$600,401 -$86,496	$1,043,023
14	$1,816,448	-$632,416 -$90,822	$1,093,210
15	$1,907,264	-$666,018 -$95,363	$1,145,883
16	$2,002,624	-$701,301 -$100,131	$1,201,192
17	$2,102,720	-$738,337 -$105,136	$1,259,247
18	$2,207,872	-$777,243 -$110,394	$1,320,235
19	$2,318,272	-$818,091 -$115,914	$1,384,267
20	$2,434,176	-$860,976 -$121,709	$1,451,491
21	$2,555,904	-$906,015 -$127,795	$1,522,094
22	$2,683,712	-$953,304 -$134,186	$1,596,222
23	$2,817,856	-$1,002,937 -$140,893	$1,674,026
24	$2,958,784	-$1,055,080 -$147,939	$1,755,765
25	$3,106,688	-$1,109,805 -$155,334	$1,841,549
26	$3,262,080	-$1,167,300 -$163,104	$1,931,676
27	$3,425,152	-$1,227,637 -$171,258	$2,026,257
28	$3,596,416	-$1,291,004 -$179,821	$2,125,591
29	$3,776,256	-$1,357,545 -$188,813	$2,229,898
30	$3,965,056	-$1,427,401 -$198,253	$2,339,402