Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Feb 11, 2026 is estimated to be $126 Million, with a cash option of 57.8 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 Feb 11, 2026

Draw Date	Jackpot	Cash Option
Wed Feb 11, 2026	$126,000,000	$57,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$57,800,000
Federal Tax(24%)	$13,872,000
Additional Federal Tax	$7,474,330
State Tax(5%)	$2,890,000
Net Lumpsum Payment	$33,563,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,896,426	-$662,008 -$94,821	$1,139,597
2	$1,991,304	-$697,113 -$99,565	$1,194,626
3	$2,090,844	-$733,943 -$104,542	$1,252,359
4	$2,195,424	-$772,637 -$109,771	$1,313,016
5	$2,305,170	-$813,243 -$115,259	$1,376,668
6	$2,420,460	-$855,901 -$121,023	$1,443,536
7	$2,541,420	-$900,656 -$127,071	$1,513,693
8	$2,668,554	-$947,695 -$133,428	$1,587,431
9	$2,801,988	-$997,066 -$140,099	$1,664,823
10	$2,942,100	-$1,048,907 -$147,105	$1,746,088
11	$3,089,142	-$1,103,313 -$154,457	$1,831,372
12	$3,243,618	-$1,160,469 -$162,181	$1,920,968
13	$3,405,780	-$1,220,469 -$170,289	$2,015,022
14	$3,576,132	-$1,283,499 -$178,807	$2,113,826
15	$3,754,926	-$1,349,653 -$187,746	$2,217,527
16	$3,942,666	-$1,419,117 -$197,133	$2,326,416
17	$4,139,730	-$1,492,030 -$206,987	$2,440,713
18	$4,346,748	-$1,568,627 -$217,337	$2,560,784
19	$4,564,098	-$1,649,047 -$228,205	$2,686,846
20	$4,792,284	-$1,733,475 -$239,614	$2,819,195
21	$5,031,936	-$1,822,147 -$251,597	$2,958,192
22	$5,283,558	-$1,915,247 -$264,178	$3,104,133
23	$5,547,654	-$2,012,962 -$277,383	$3,257,309
24	$5,825,106	-$2,115,620 -$291,255	$3,418,231
25	$6,116,292	-$2,223,358 -$305,815	$3,587,119
26	$6,422,220	-$2,336,552 -$321,111	$3,764,557
27	$6,743,268	-$2,455,340 -$337,163	$3,950,765
28	$7,080,444	-$2,580,095 -$354,022	$4,146,327
29	$7,434,504	-$2,711,097 -$371,725	$4,351,682
30	$7,806,204	-$2,848,626 -$390,310	$4,567,268