USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Aug 17, 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 $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:Wed, Aug 17, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$27,637$292,555
2$463,583$131,801$28,742$303,039
3$482,126$138,291$29,892$313,943
4$501,411$145,041$31,087$325,282
5$521,467$152,061$32,331$337,076
6$542,326$159,361$33,624$349,340
7$564,019$166,954$34,969$362,096
8$586,580$174,850$36,368$375,362
9$610,043$183,062$37,823$389,158
10$634,445$191,765$39,336$403,344
11$659,823$201,155$40,909$417,759
12$686,215$210,920$42,545$432,750
13$713,664$221,076$44,247$448,341
14$742,211$231,638$46,017$464,555
15$771,899$242,623$47,858$481,418
16$802,775$254,047$49,772$498,956
17$834,886$265,928$51,763$517,195
18$868,281$278,284$53,833$536,164
19$903,013$291,135$55,987$555,891
20$939,133$304,500$58,226$576,407
21$976,699$318,399$60,555$597,745
22$1,015,767$332,854$62,978$619,935
23$1,056,397$347,887$65,497$643,013
24$1,098,653$363,522$68,116$667,015
25$1,142,599$379,782$70,841$691,976
26$1,188,303$396,692$73,675$717,936
27$1,235,835$414,279$76,622$744,934
28$1,285,269$432,570$79,687$773,012
29$1,336,679$451,592$82,874$802,214
30$1,390,147$471,374$86,189$832,583
Total$25,000,000$7,979,004$1,550,000$15,470,994

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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.