USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Nov 4, 2000

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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 $47,500,000 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, Nov 4, 2000
Jackpot:$47,500,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$846,930$269,321$50,816$526,793
2$880,807$281,856$52,848$546,103
3$916,039$294,892$54,962$566,185
4$952,681$308,449$57,161$587,071
5$990,788$322,549$59,447$608,792
6$1,030,419$337,212$61,825$631,382
7$1,071,636$352,463$64,298$654,875
8$1,114,502$368,323$66,870$679,309
9$1,159,082$384,818$69,545$704,719
10$1,205,445$401,972$72,327$731,146
11$1,253,663$419,813$75,220$758,631
12$1,303,809$438,367$78,229$787,214
13$1,355,962$457,663$81,358$816,941
14$1,410,200$477,731$84,612$847,857
15$1,466,608$498,602$87,996$880,009
16$1,525,273$520,308$91,516$913,448
17$1,586,283$542,882$95,177$948,224
18$1,649,735$566,359$98,984$984,392
19$1,715,724$590,775$102,943$1,022,006
20$1,784,353$616,168$107,061$1,061,124
21$1,855,727$642,576$111,344$1,101,807
22$1,929,956$670,041$115,797$1,144,118
23$2,007,155$698,604$120,429$1,188,121
24$2,087,441$728,310$125,246$1,233,884
25$2,170,938$759,204$130,256$1,281,478
26$2,257,776$791,334$135,467$1,330,975
27$2,348,087$824,749$140,885$1,382,452
28$2,442,011$859,501$146,521$1,435,989
29$2,539,691$895,643$152,381$1,491,667
30$2,641,279$933,230$158,477$1,549,572
Total$47,500,000$16,253,715$2,849,998$28,396,284

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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.