USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Jun 29, 2011

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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 $77,100,000 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:Wed, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 6.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$87,981$819,893
2$1,429,689$487,173$91,500$851,016
3$1,486,876$508,332$95,160$883,384
4$1,546,351$530,338$98,966$917,047
5$1,608,205$553,224$102,925$952,056
6$1,672,534$577,025$107,042$988,466
7$1,739,435$601,779$111,324$1,026,332
8$1,809,012$627,522$115,777$1,065,713
9$1,881,373$654,296$120,408$1,106,669
10$1,956,628$682,140$125,224$1,149,264
11$2,034,893$711,098$130,233$1,193,562
12$2,116,288$741,214$135,442$1,239,632
13$2,200,940$772,536$140,860$1,287,544
14$2,288,978$805,109$146,495$1,337,374
15$2,380,537$838,986$152,354$1,389,196
16$2,475,758$874,218$158,449$1,443,091
17$2,574,789$910,860$164,786$1,499,143
18$2,677,780$948,966$171,378$1,557,436
19$2,784,891$988,598$178,233$1,618,061
20$2,896,287$1,029,814$185,362$1,681,111
21$3,012,138$1,072,679$192,777$1,746,683
22$3,132,624$1,117,259$200,488$1,814,877
23$3,257,929$1,163,621$208,507$1,885,800
24$3,388,246$1,211,839$216,848$1,959,560
25$3,523,776$1,261,985$225,522$2,036,269
26$3,664,727$1,314,137$234,543$2,116,048
27$3,811,316$1,368,375$243,924$2,199,017
28$3,963,769$1,424,782$253,681$2,285,305
29$4,122,319$1,483,446$263,828$2,375,045
30$4,287,212$1,544,456$274,382$2,468,374
Total$77,100,000$27,272,634$4,934,399$44,892,968

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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.