USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 6.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$40,054$396,036
2$650,870$199,010$41,656$410,205
3$676,905$208,643$43,322$424,940
4$703,981$218,661$45,055$440,265
5$732,140$229,080$46,857$456,204
6$761,426$239,915$48,731$472,779
7$791,883$251,184$50,680$490,018
8$823,558$262,904$52,708$507,946
9$856,500$275,093$54,816$526,591
10$890,760$287,769$57,009$545,983
11$926,391$300,952$59,289$566,149
12$963,447$314,663$61,661$587,123
13$1,001,984$328,922$64,127$608,935
14$1,042,064$343,751$66,692$631,620
15$1,083,746$359,174$69,360$655,213
16$1,127,096$375,213$72,134$679,749
17$1,172,180$391,894$75,020$705,266
18$1,219,067$409,243$78,020$731,804
19$1,267,830$427,285$81,141$759,404
20$1,318,543$446,049$84,387$788,108
21$1,371,285$465,563$87,762$817,959
22$1,426,136$485,858$91,273$849,005
23$1,483,182$506,965$94,924$881,293
24$1,542,509$528,916$98,721$914,872
25$1,604,209$551,745$102,669$949,795
26$1,668,378$575,487$106,776$986,114
27$1,735,113$600,179$111,047$1,023,886
28$1,804,517$625,859$115,489$1,063,169
29$1,876,698$652,566$120,109$1,104,023
30$1,951,766$680,341$124,913$1,146,512
Total$35,100,000$11,732,631$2,246,402$21,120,966

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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.