Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Mon Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(5%)	$6,040,000
Net Lumpsum Payment	$70,103,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$194,158	$2,291,901
2	$4,077,432	-$1,468,980 -$203,872	$2,404,580
3	$4,281,252	-$1,544,394 -$214,063	$2,522,795
4	$4,495,392	-$1,623,625 -$224,770	$2,646,997
5	$4,720,110	-$1,706,771 -$236,006	$2,777,333
6	$4,956,180	-$1,794,117 -$247,809	$2,914,254
7	$5,203,860	-$1,885,759 -$260,193	$3,057,908
8	$5,464,182	-$1,982,078 -$273,209	$3,208,895
9	$5,737,404	-$2,083,170 -$286,870	$3,367,364
10	$6,024,300	-$2,189,321 -$301,215	$3,533,764
11	$6,325,386	-$2,300,723 -$316,269	$3,708,394
12	$6,641,694	-$2,417,757 -$332,085	$3,891,852
13	$6,973,740	-$2,540,614 -$348,687	$4,084,439
14	$7,322,556	-$2,669,676 -$366,128	$4,286,752
15	$7,688,658	-$2,805,134 -$384,433	$4,499,091
16	$8,073,078	-$2,947,369 -$403,654	$4,722,055
17	$8,476,590	-$3,096,669 -$423,830	$4,956,091
18	$8,900,484	-$3,253,509 -$445,024	$5,201,951
19	$9,345,534	-$3,418,178 -$467,277	$5,460,079
20	$9,812,772	-$3,591,056 -$490,639	$5,731,077
21	$10,303,488	-$3,772,621 -$515,174	$6,015,693
22	$10,818,714	-$3,963,255 -$540,936	$6,314,523
23	$11,359,482	-$4,163,339 -$567,974	$6,628,169
24	$11,927,598	-$4,373,542 -$596,380	$6,957,676
25	$12,523,836	-$4,594,150 -$626,192	$7,303,494
26	$13,150,260	-$4,825,927 -$657,513	$7,666,820
27	$13,807,644	-$5,069,159 -$690,382	$8,048,103
28	$14,498,052	-$5,324,610 -$724,903	$8,448,539
29	$15,223,032	-$5,592,852 -$761,152	$8,869,028
30	$15,984,132	-$5,874,459 -$799,207	$9,310,466