Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 7, 2026 is estimated to be $35 Million, with a cash option of 16.5 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 Mar 7, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 7, 2026	$35,000,000	$16,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$16,500,000
Federal Tax(24%)	$3,960,000
Additional Federal Tax	$2,105,330
State Tax(5%)	$825,000
Net Lumpsum Payment	$9,609,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$26,339	$345,205
2	$553,140	-$164,992 -$27,657	$360,491
3	$580,790	-$175,223 -$29,040	$376,527
4	$609,840	-$185,971 -$30,492	$393,377
5	$640,325	-$197,251 -$32,016	$411,058
6	$672,350	-$209,100 -$33,618	$429,632
7	$705,950	-$221,532 -$35,298	$449,120
8	$741,265	-$234,598 -$37,063	$469,604
9	$778,330	-$248,312 -$38,917	$491,101
10	$817,250	-$262,713 -$40,863	$513,674
11	$858,095	-$277,826 -$42,905	$537,364
12	$901,005	-$293,702 -$45,050	$562,253
13	$946,050	-$310,369 -$47,303	$588,378
14	$993,370	-$327,877 -$49,669	$615,824
15	$1,043,035	-$346,253 -$52,152	$644,630
16	$1,095,185	-$365,549 -$54,759	$674,877
17	$1,149,925	-$385,803 -$57,496	$706,626
18	$1,207,430	-$407,079 -$60,372	$739,979
19	$1,267,805	-$429,418 -$63,390	$774,997
20	$1,331,190	-$452,871 -$66,560	$811,759
21	$1,397,760	-$477,502 -$69,888	$850,370
22	$1,467,655	-$503,363 -$73,383	$890,909
23	$1,541,015	-$530,506 -$77,051	$933,458
24	$1,618,085	-$559,022 -$80,904	$978,159
25	$1,698,970	-$588,949 -$84,949	$1,025,072
26	$1,783,950	-$620,392 -$89,198	$1,074,360
27	$1,873,130	-$653,388 -$93,657	$1,126,085
28	$1,966,790	-$688,043 -$98,340	$1,180,407
29	$2,065,140	-$724,432 -$103,257	$1,237,451
30	$2,168,390	-$762,635 -$108,420	$1,297,335