Mississippi Lottery

MSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(5%)	$5,330,000
Net Lumpsum Payment	$61,867,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$188,890	$2,230,794
2	$3,966,804	-$1,428,048 -$198,340	$2,340,416
3	$4,165,094	-$1,501,415 -$208,255	$2,455,424
4	$4,373,424	-$1,578,497 -$218,671	$2,576,256
5	$4,592,045	-$1,659,387 -$229,602	$2,703,056
6	$4,821,710	-$1,744,363 -$241,086	$2,836,261
7	$5,062,670	-$1,833,518 -$253,134	$2,976,018
8	$5,315,929	-$1,927,224 -$265,796	$3,122,909
9	$5,581,738	-$2,025,573 -$279,087	$3,277,078
10	$5,860,850	-$2,128,845 -$293,043	$3,438,962
11	$6,153,767	-$2,237,224 -$307,688	$3,608,855
12	$6,461,493	-$2,351,083 -$323,075	$3,787,335
13	$6,784,530	-$2,470,606 -$339,227	$3,974,697
14	$7,123,882	-$2,596,167 -$356,194	$4,171,521
15	$7,480,051	-$2,727,949 -$374,003	$4,378,099
16	$7,854,041	-$2,866,326 -$392,702	$4,595,013
17	$8,246,605	-$3,011,574 -$412,330	$4,822,701
18	$8,658,998	-$3,164,160 -$432,950	$5,061,888
19	$9,091,973	-$3,324,360 -$454,599	$5,313,014
20	$9,546,534	-$3,492,548 -$477,327	$5,576,659
21	$10,023,936	-$3,669,187 -$501,197	$5,853,552
22	$10,525,183	-$3,854,648 -$526,259	$6,144,276
23	$11,051,279	-$4,049,304 -$552,564	$6,449,411
24	$11,603,981	-$4,253,803 -$580,199	$6,769,979
25	$12,184,042	-$4,468,426 -$609,202	$7,106,414
26	$12,793,470	-$4,693,914 -$639,674	$7,459,882
27	$13,433,018	-$4,930,547 -$671,651	$7,830,820
28	$14,104,694	-$5,179,067 -$705,235	$8,220,392
29	$14,810,004	-$5,440,032 -$740,500	$8,629,472
30	$15,550,454	-$5,713,998 -$777,523	$9,058,933