USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Jul 13, 2002

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The tax information provided here is based on 2025 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 $30,200,000 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, Jul 13, 2002
Jackpot:$30,200,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$538,469$158,011$33,385$347,073
2$560,008$165,550$34,720$359,737
3$582,408$173,390$36,109$372,909
4$605,704$181,544$37,554$386,607
5$629,933$190,095$39,056$400,781
6$655,130$199,418$40,618$415,094
7$681,335$209,114$42,243$429,978
8$708,588$219,198$43,932$445,458
9$736,932$229,685$45,690$461,557
10$766,409$240,592$47,517$478,300
11$797,066$251,935$49,418$495,713
12$828,948$263,731$51,395$513,822
13$862,106$276,000$53,451$532,656
14$896,590$288,759$55,589$552,243
15$932,454$302,028$57,812$572,614
16$969,752$315,829$60,125$593,799
17$1,008,542$330,181$62,530$615,832
18$1,048,884$345,107$65,031$638,746
19$1,090,839$360,631$67,632$662,577
20$1,134,473$376,775$70,337$687,360
21$1,179,852$393,565$73,151$713,136
22$1,227,046$411,027$76,077$739,942
23$1,276,128$429,188$79,120$767,820
24$1,327,173$448,074$82,285$796,814
25$1,380,260$467,716$85,576$826,967
26$1,435,470$488,144$88,999$858,327
27$1,492,889$509,389$92,559$890,941
28$1,552,605$531,484$96,261$924,859
29$1,614,709$554,462$100,112$960,134
30$1,679,297$578,360$104,116$996,821
Total$30,200,000$9,888,982$1,872,400$18,438,617

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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.