USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for May 7, 2011

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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 $51,100,000 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 7, 2011
Jackpot:$51,100,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$911,118$294,134$56,489$560,495
2$947,563$307,618$58,749$581,195
3$985,465$321,642$61,099$602,724
4$1,024,884$336,227$63,543$625,114
5$1,065,879$351,396$66,085$648,399
6$1,108,514$367,171$68,728$672,616
7$1,152,855$383,577$71,477$697,801
8$1,198,969$400,639$74,336$723,994
9$1,246,928$418,384$77,310$751,235
10$1,296,805$436,838$80,402$779,565
11$1,348,677$456,031$83,618$809,028
12$1,402,624$475,991$86,963$839,670
13$1,458,729$496,750$90,441$871,538
14$1,517,079$518,339$94,059$904,680
15$1,577,762$540,792$97,821$939,148
16$1,640,872$564,143$101,734$974,995
17$1,706,507$588,428$105,803$1,012,276
18$1,774,767$613,684$110,036$1,051,048
19$1,845,758$639,951$114,437$1,091,370
20$1,919,588$667,268$119,014$1,133,306
21$1,996,372$695,678$123,775$1,176,919
22$2,076,227$725,224$128,726$1,222,277
23$2,159,276$755,952$133,875$1,269,448
24$2,245,647$787,910$139,230$1,318,507
25$2,335,473$821,145$144,799$1,369,528
26$2,428,892$855,710$150,591$1,422,590
27$2,526,047$891,658$156,615$1,477,775
28$2,627,089$929,043$162,880$1,535,166
29$2,732,173$967,924$169,395$1,594,854
30$2,841,460$1,008,360$176,171$1,656,929
Total$51,100,000$17,617,607$3,168,201$30,314,190

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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.