Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 28, 2026 is estimated to be $166 Million, with a cash option of 75.2 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 Mar 28, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 28, 2026	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(5%)	$3,760,000
Net Lumpsum Payment	$43,655,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$124,923	$1,488,780
2	$2,623,464	-$931,012 -$131,173	$1,561,279
3	$2,754,604	-$979,534 -$137,730	$1,637,340
4	$2,892,384	-$1,030,512 -$144,619	$1,717,253
5	$3,036,970	-$1,084,009 -$151,849	$1,801,112
6	$3,188,860	-$1,140,209 -$159,443	$1,889,208
7	$3,348,220	-$1,199,172 -$167,411	$1,981,637
8	$3,515,714	-$1,261,145 -$175,786	$2,078,783
9	$3,691,508	-$1,326,188 -$184,575	$2,180,745
10	$3,876,100	-$1,394,487 -$193,805	$2,287,808
11	$4,069,822	-$1,466,165 -$203,491	$2,400,166
12	$4,273,338	-$1,541,465 -$213,667	$2,518,206
13	$4,486,980	-$1,620,513 -$224,349	$2,642,118
14	$4,711,412	-$1,703,553 -$235,571	$2,772,288
15	$4,946,966	-$1,790,708 -$247,348	$2,908,910
16	$5,194,306	-$1,882,224 -$259,715	$3,052,367
17	$5,453,930	-$1,978,284 -$272,697	$3,202,949
18	$5,726,668	-$2,079,198 -$286,333	$3,361,137
19	$6,013,018	-$2,185,147 -$300,651	$3,527,220
20	$6,313,644	-$2,296,379 -$315,682	$3,701,583
21	$6,629,376	-$2,413,200 -$331,469	$3,884,707
22	$6,960,878	-$2,535,855 -$348,044	$4,076,979
23	$7,308,814	-$2,664,592 -$365,441	$4,278,781
24	$7,674,346	-$2,799,838 -$383,717	$4,490,791
25	$8,057,972	-$2,941,780 -$402,899	$4,713,293
26	$8,461,020	-$3,090,908 -$423,051	$4,947,061
27	$8,883,988	-$3,247,406 -$444,199	$5,192,383
28	$9,328,204	-$3,411,766 -$466,410	$5,450,028
29	$9,794,664	-$3,584,356 -$489,733	$5,720,575
30	$10,284,364	-$3,765,545 -$514,218	$6,004,601