USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Apr 20, 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 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 $57,300,000 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:Wed, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$335,036$63,343$623,285
2$1,062,531$350,157$65,877$646,498
3$1,105,033$365,882$68,512$670,638
4$1,149,234$382,237$71,252$695,745
5$1,195,203$399,245$74,103$721,855
6$1,243,011$416,934$77,067$749,010
7$1,292,732$435,331$80,149$777,251
8$1,344,441$454,463$83,355$806,622
9$1,398,219$474,361$86,690$837,168
10$1,454,147$495,055$90,157$868,935
11$1,512,313$516,576$93,763$901,974
12$1,572,806$538,958$97,514$936,333
13$1,635,718$562,236$101,415$972,068
14$1,701,147$586,445$105,471$1,009,231
15$1,769,193$611,622$109,690$1,047,881
16$1,839,960$637,806$114,078$1,088,077
17$1,913,559$665,037$118,641$1,129,881
18$1,990,101$693,358$123,386$1,173,357
19$2,069,705$722,811$128,322$1,218,572
20$2,152,493$753,443$133,455$1,265,596
21$2,238,593$785,300$138,793$1,314,501
22$2,328,137$818,431$144,344$1,365,361
23$2,421,262$852,887$150,118$1,418,257
24$2,518,113$888,722$156,123$1,473,268
25$2,618,837$925,990$162,368$1,530,479
26$2,723,591$964,749$168,863$1,589,979
27$2,832,534$1,005,058$175,617$1,651,859
28$2,945,836$1,046,980$182,642$1,716,215
29$3,063,669$1,090,578$189,947$1,783,144
30$3,186,216$1,135,920$197,545$1,852,750
Total$57,300,000$19,911,608$3,552,600$33,835,790

◄ 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.