USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Sep 20, 1997

Media: You may freely use any information on this page, but you must credit usamega.com.

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 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 $19,200,000 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, Sep 20, 1997
Jackpot:$19,200,000
Federal Tax:37% marginal rate
State Tax: 6.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$342,338$90,193$21,910$230,235
2$356,031$94,986$22,786$238,260
3$370,273$99,970$23,697$246,605
4$385,084$105,154$24,645$255,284
5$400,487$110,545$25,631$264,311
6$416,506$116,152$26,656$273,698
7$433,167$121,983$27,723$283,461
8$450,493$128,047$28,832$293,614
9$468,513$134,354$29,985$304,174
10$487,254$140,914$31,184$315,156
11$506,744$147,735$32,432$326,577
12$527,013$154,829$33,729$338,455
13$548,094$162,208$35,078$350,808
14$570,018$169,881$36,481$363,656
15$592,818$177,861$37,940$377,017
16$616,531$186,304$39,458$390,769
17$641,192$195,429$41,036$404,727
18$666,840$204,919$42,678$419,244
19$693,514$214,788$44,385$434,341
20$721,254$225,052$46,160$450,042
21$750,105$235,726$48,007$466,371
22$780,109$246,828$49,927$483,354
23$811,313$258,374$51,924$501,015
24$843,766$270,381$54,001$519,384
25$877,516$282,869$56,161$538,486
26$912,617$295,856$58,407$558,353
27$949,121$309,363$60,744$579,015
28$987,086$323,410$63,174$600,503
29$1,026,570$338,019$65,700$622,851
30$1,067,633$353,212$68,328$646,092
Total$19,200,000$5,895,342$1,228,799$12,075,858

◄ Back to Jackpot Analysis

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.