PBPowerballTax

4.70% state lottery tax

Mississippi Powerball Tax Calculator

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Mississippi applies a 4.70% state lottery tax. Combined with the 24% federal withholding and the top-bracket federal adjustment, the effective tax on a large jackpot lands around 38–42%.

Note: 4.70% top rate

Mississippi after-tax take-home by jackpot tier

24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.

AdvertisedCash take-homeCash effectiveAnnuity take-home
$100M$35.1M41.56%$58.4M
$300M$105.0M41.65%$175.0M
$500M$175.0M41.67%$291.6M
$700M$244.9M41.68%$408.2M
$1B$349.9M41.69%$583.1M
$1.5B$524.8M41.69%$874.6M
$2B$699.7M41.69%$1.2B

Mississippi vs neighboring states ($1B cash)

StateRateCash take-home
Mississippi (MS)4.7%$349.9M
Louisiana (LA)4.25%$352.6M
Alabama (AL)5%$348.1M
Tennessee (TN)0%$378.1M

Frequently asked questions

Does Mississippi tax Powerball winnings?

Mississippi taxes Powerball winnings at 4.70%. Note: 4.70% top rate.

How much does a $1 billion Powerball winner take home in Mississippi?

On a $1 billion advertised jackpot taken as cash (gross $600,000,000), a Mississippi winner keeps approximately $349,883,278 after taxes — an effective rate of about 41.69%.

Can I avoid Mississippi lottery tax by moving states before claiming?

No. State lottery tax is determined by the state where the ticket was sold, not the winner's residence. A ticket bought in Mississippi is taxed at Mississippi's 4.70% rate; the winner's home state may credit or assess additional tax at filing.

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