Mississippi Powerball
Latest Powerball results and how much you keep after Mississippi taxes.
Latest Powerball Drawing
Saturday, May 23Jackpot: $154M
Drawings every Mon, Wed & Sat at 10:59 PM ET · Power Play optional +$1
Mississippi Powerball — Take-Home After Taxes
Based on $154M jackpot · Estimated
Cash Lump Sum
Annuity (30 Payments)
Mississippi Lottery Information
State tax on winnings
5.00%
Draw days
Mon, Wed, Sat at 10:59 PM ET
Ticket price
$2 per play (+$1 Power Play)
Jackpot odds
1 in 292,201,338
National Powerball
Latest results & jackpot
Mississippi Scratch-Offs
Ranked by odds & prizes
Mississippi Mega Millions
Tax breakdown & results
Frequently Asked Questions
How much is the Powerball jackpot in Mississippi?
The current Powerball jackpot is $154M. Powerball is played in Mississippi along with 44 other states. Drawings are held Monday, Wednesday, and Saturday at 10:59 PM ET.
How much do you keep from Powerball in Mississippi?
For the lump sum on a $154M jackpot in Mississippi, you'd receive $85M cash, pay approximately $31M in federal taxes and $4M in Mississippi state taxes (5.00%), keeping about $49M.
Where do I buy Powerball tickets in Mississippi?
Powerball tickets are sold at most convenience stores, gas stations, grocery stores, and other licensed lottery retailers throughout Mississippi. Tickets cost $2 per play, with an optional $1 Power Play add-on.
How do I claim a Powerball prize in Mississippi?
Prizes under $600 can typically be claimed at any Mississippi lottery retailer. Prizes $600 and above must be claimed at a Mississippi Lottery district office or headquarters. Jackpot winners must contact the Mississippi Lottery directly. Keep your ticket safe — it is the only proof of your win.
Does Mississippi tax Powerball winnings?
Yes. Mississippi taxes lottery winnings at 5.00% state income tax, in addition to federal taxes. Use our Mississippi lottery tax calculator to see your exact take-home.
Powerball in Mississippi
Mississippi residents can purchase Powerball tickets at licensed lottery retailers statewide. Powerball is a multi-state lottery operated by the Multi-State Lottery Association (MUSL), with drawings every Monday, Wednesday, and Saturday at 10:59 PM Eastern Time.
If you win the Powerball jackpot in Mississippi, you have 60 days from the drawing date to choose between the lump-sum cash option and the annuity. The lump sum pays approximately 55-60% of the advertised jackpot immediately, while the annuity pays the full amount over 29 years in 30 graduated payments.
Mississippi taxes lottery winnings at 5.00%, which is applied on top of the 37% federal tax rate for top earners. For a large jackpot, the combined effective rate can exceed 50% for lump-sum winners. Use the Mississippi lottery tax calculator for a precise breakdown based on your specific prize amount.