USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Sep 7, 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 $77,300,000 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 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$85,453$825,835
2$1,433,397$487,377$88,871$857,149
3$1,490,733$508,592$92,425$889,716
4$1,550,363$530,654$96,122$923,586
5$1,612,377$553,600$99,967$958,810
6$1,676,872$577,463$103,966$995,443
7$1,743,947$602,281$108,125$1,033,542
8$1,813,705$628,091$112,450$1,073,164
9$1,886,253$654,934$116,948$1,114,372
10$1,961,703$682,850$121,626$1,157,227
11$2,040,171$711,884$126,491$1,201,797
12$2,121,778$742,078$131,550$1,248,150
13$2,206,649$773,481$136,812$1,296,357
14$2,294,915$806,139$142,285$1,346,492
15$2,386,712$840,104$147,976$1,398,632
16$2,482,180$875,427$153,895$1,452,858
17$2,581,468$912,163$160,051$1,509,253
18$2,684,726$950,369$166,453$1,567,904
19$2,792,115$990,103$173,111$1,628,901
20$2,903,800$1,031,426$180,036$1,692,338
21$3,019,952$1,074,402$187,237$1,758,312
22$3,140,750$1,119,098$194,727$1,826,926
23$3,266,380$1,165,581$202,516$1,898,284
24$3,397,035$1,213,923$210,616$1,972,496
25$3,532,917$1,264,199$219,041$2,049,676
26$3,674,233$1,316,487$227,802$2,129,944
27$3,821,203$1,370,865$236,915$2,213,423
28$3,974,051$1,427,419$246,391$2,300,241
29$4,133,013$1,486,235$256,247$2,390,531
30$4,298,333$1,547,404$266,497$2,484,433
Total$77,300,000$27,311,608$4,792,602$45,195,792

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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.