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South Carolina Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $76,500,000 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 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$84,568$817,733
2$1,418,563$481,888$87,951$848,723
3$1,475,305$502,883$91,469$880,953
4$1,534,317$524,718$95,128$914,472
5$1,595,690$547,426$98,933$949,332
6$1,659,518$571,042$102,890$985,586
7$1,725,898$595,603$107,006$1,023,290
8$1,794,934$621,146$111,286$1,062,502
9$1,866,732$647,711$115,737$1,103,283
10$1,941,401$675,339$120,367$1,145,696
11$2,019,057$704,071$125,182$1,189,804
12$2,099,819$733,953$130,189$1,235,677
13$2,183,812$765,031$135,396$1,283,385
14$2,271,165$797,351$140,812$1,333,001
15$2,362,011$830,964$146,445$1,384,602
16$2,456,492$865,922$152,302$1,438,267
17$2,554,751$902,278$158,395$1,494,078
18$2,656,941$940,089$164,730$1,552,122
19$2,763,219$979,411$171,320$1,612,488
20$2,873,748$1,020,307$178,172$1,675,268
21$2,988,698$1,062,838$185,299$1,740,560
22$3,108,246$1,107,071$192,711$1,808,463
23$3,232,575$1,153,073$200,420$1,879,083
24$3,361,878$1,200,915$208,436$1,952,527
25$3,496,354$1,250,671$216,774$2,028,909
26$3,636,208$1,302,417$225,445$2,108,346
27$3,781,656$1,356,233$234,463$2,190,960
28$3,932,922$1,412,201$243,841$2,276,880
29$4,090,239$1,470,409$253,595$2,366,236
30$4,253,849$1,530,944$263,739$2,459,166
Total$76,500,000$27,015,606$4,743,001$44,741,392

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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.