match 5 Tax Calculator
See what you'd really take home from a match 5 prize after federal and Mississippi state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (Mississippi · 5%)
- − $50,000
- Net take-home
- $621,812
Estimate only — uses single-filer federal brackets and Mississippi's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
match 5 tax FAQ
How much tax do you pay on a match 5 jackpot in Mississippi?
On a $1,000,000 match 5 jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $50,000 in Mississippi state tax, leaving roughly $621,812.
Does Mississippi tax match 5 lottery winnings?
Yes — Mississippi withholds about 5% in state tax on match 5 winnings, on top of federal tax.
Should I take the match 5 lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.