USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Nov 26, 2011

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 $25,000,000 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 26, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 6.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$28,528$290,836
2$463,583$132,629$29,669$301,285
3$482,126$139,119$30,856$312,151
4$501,411$145,869$32,090$323,452
5$521,467$152,888$33,374$335,205
6$542,326$160,189$34,709$347,428
7$564,019$167,781$36,097$360,140
8$586,580$175,678$37,541$373,361
9$610,043$183,904$39,043$387,097
10$634,445$192,932$40,604$400,908
11$659,823$202,322$42,229$415,272
12$686,215$212,087$43,918$430,210
13$713,664$222,243$45,675$445,746
14$742,211$232,806$47,501$461,903
15$771,899$243,790$49,402$478,707
16$802,775$255,215$51,378$496,183
17$834,886$267,096$53,433$514,358
18$868,281$279,452$55,570$533,260
19$903,013$292,302$57,793$552,917
20$939,133$305,667$60,105$573,362
21$976,699$319,566$62,509$594,624
22$1,015,767$334,021$65,009$616,736
23$1,056,397$349,055$67,609$639,733
24$1,098,653$364,689$70,314$663,650
25$1,142,599$380,949$73,126$688,523
26$1,188,303$397,860$76,051$714,392
27$1,235,835$415,447$79,093$741,295
28$1,285,269$433,737$82,257$769,274
29$1,336,679$452,759$85,547$798,373
30$1,390,147$472,542$88,969$828,635
Total$25,000,000$8,010,982$1,599,999$15,389,016

◄ 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.