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South Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $183,000,000 for a ticket purchased in South Dakota, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

South Dakota

Drawing Date:Tue, Sep 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$0$1,777,092
2$2,892,133$1,028,277$0$1,863,856
3$3,036,740$1,081,782$0$1,954,958
4$3,188,577$1,137,961$0$2,050,616
5$3,348,006$1,196,950$0$2,151,056
6$3,515,406$1,258,888$0$2,256,518
7$3,691,176$1,323,923$0$2,367,253
8$3,875,735$1,392,210$0$2,483,525
9$4,069,522$1,463,911$0$2,605,611
10$4,272,998$1,539,197$0$2,733,801
11$4,486,648$1,618,247$0$2,868,400
12$4,710,980$1,701,250$0$3,009,730
13$4,946,529$1,788,404$0$3,158,126
14$5,193,856$1,879,914$0$3,313,941
15$5,453,549$1,976,001$0$3,477,548
16$5,726,226$2,076,891$0$3,649,335
17$6,012,537$2,182,827$0$3,829,711
18$6,313,164$2,294,059$0$4,019,106
19$6,628,822$2,410,852$0$4,217,970
20$6,960,264$2,533,485$0$4,426,778
21$7,308,277$2,662,250$0$4,646,027
22$7,673,691$2,797,453$0$4,876,237
23$8,057,375$2,939,417$0$5,117,959
24$8,460,244$3,088,478$0$5,371,766
25$8,883,256$3,244,992$0$5,638,263
26$9,327,419$3,409,333$0$5,918,086
27$9,793,790$3,581,890$0$6,211,900
28$10,283,479$3,763,075$0$6,520,404
29$10,797,653$3,953,319$0$6,844,334
30$11,337,536$4,153,076$0$7,184,460
Total$183,000,000$66,455,632$0$116,544,367

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.