USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Jun 25, 2022

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The tax information provided here is based on 2022 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 $333,700,000 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 prize money, as well as deductions claimed.

State:

South Carolina

Drawing Date:Sat, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$351,586$2,849,737
2$5,273,797$1,914,260$369,166$2,990,371
3$5,537,487$2,011,825$387,624$3,138,038
4$5,814,361$2,114,269$407,005$3,293,087
5$6,105,079$2,221,834$427,356$3,455,889
6$6,410,333$2,334,778$448,723$3,626,832
7$6,730,850$2,453,370$471,160$3,806,321
8$7,067,393$2,577,890$494,717$3,994,785
9$7,420,762$2,708,637$519,453$4,192,672
10$7,791,800$2,845,921$545,426$4,400,453
11$8,181,390$2,990,069$572,697$4,618,624
12$8,590,460$3,141,425$601,332$4,847,702
13$9,019,983$3,300,349$631,399$5,088,235
14$9,470,982$3,467,218$662,969$5,340,795
15$9,944,531$3,642,431$696,117$5,605,982
16$10,441,758$3,826,405$730,923$5,884,429
17$10,963,845$4,019,578$767,469$6,176,798
18$11,512,038$4,222,409$805,843$6,483,786
19$12,087,639$4,435,382$846,135$6,806,123
20$12,692,022$4,659,003$888,442$7,144,577
21$13,326,623$4,893,805$932,864$7,499,954
22$13,992,954$5,140,348$979,507$7,873,099
23$14,692,601$5,399,218$1,028,482$8,264,902
24$15,427,231$5,671,031$1,079,906$8,676,295
25$16,198,593$5,956,434$1,133,902$9,108,257
26$17,008,523$6,256,108$1,190,597$9,561,818
27$17,858,949$6,570,766$1,250,126$10,038,056
28$18,751,896$6,901,157$1,312,633$10,538,107
29$19,689,491$7,248,067$1,378,264$11,063,160
30$20,673,966$7,612,322$1,447,178$11,614,466
Total$333,700,001$122,357,650$23,359,001$187,983,350

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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.