USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Jun 13, 1992

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The tax information provided here is based on 2026 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 Powerball 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 $9,000,000 for a ticket purchased in South Carolina, 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 Carolina

Drawing Date:Sat, Jun 13, 1992
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$160,471$31,111$9,628$119,732
2$166,890$32,652$10,013$124,225
3$173,565$34,254$10,414$128,898
4$180,508$35,920$10,830$133,758
5$187,728$37,653$11,264$138,812
6$195,237$39,455$11,714$144,068
7$203,047$41,431$12,183$149,433
8$211,169$44,030$12,670$154,469
9$219,615$46,733$13,177$159,706
10$228,400$49,544$13,704$165,152
11$237,536$52,468$14,252$170,816
12$247,038$55,508$14,822$176,707
13$256,919$58,691$15,415$182,813
14$267,196$62,288$16,032$188,876
15$277,884$66,029$16,673$195,182
16$288,999$69,919$17,340$201,740
17$300,559$73,965$18,034$208,561
18$312,581$78,173$18,755$215,654
19$325,085$82,549$19,505$223,031
20$338,088$87,100$20,285$230,703
21$351,611$91,833$21,097$238,682
22$365,676$96,756$21,941$246,980
23$380,303$101,875$22,818$255,610
24$395,515$107,200$23,731$264,585
25$411,336$112,737$24,680$273,919
26$427,789$118,495$25,667$283,626
27$444,901$124,484$26,694$293,722
28$462,697$130,713$27,762$304,222
29$481,205$137,191$28,872$315,141
30$500,453$143,928$30,027$326,498
Total$9,000,000$2,244,685$539,999$6,215,321

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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.