USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Nov 6, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $181,900,000 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:Mon, Nov 6, 2023
Jackpot:$181,900,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,737,856$970,027$169,747$1,598,082
2$2,874,749$1,020,677$178,234$1,675,837
3$3,018,486$1,073,860$187,146$1,757,480
4$3,169,411$1,129,702$196,503$1,843,205
5$3,327,881$1,188,336$206,329$1,933,216
6$3,494,275$1,249,902$216,645$2,027,728
7$3,668,989$1,314,546$227,477$2,126,966
8$3,852,438$1,382,422$238,851$2,231,165
9$4,045,060$1,453,693$250,794$2,340,574
10$4,247,313$1,528,526$263,333$2,455,454
11$4,459,679$1,607,101$276,500$2,576,077
12$4,682,663$1,689,606$290,325$2,702,732
13$4,916,796$1,776,235$304,841$2,835,720
14$5,162,636$1,867,196$320,083$2,975,357
15$5,420,768$1,962,704$336,088$3,121,976
16$5,691,806$2,062,989$352,892$3,275,926
17$5,976,396$2,168,287$370,537$3,437,573
18$6,275,216$2,278,850$389,063$3,607,303
19$6,588,977$2,394,942$408,517$3,785,519
20$6,918,426$2,516,838$428,942$3,972,646
21$7,264,347$2,644,829$450,390$4,169,129
22$7,627,564$2,779,219$472,909$4,375,436
23$8,008,943$2,920,329$496,554$4,592,059
24$8,409,390$3,068,494$521,382$4,819,513
25$8,829,859$3,224,068$547,451$5,058,340
26$9,271,352$3,387,421$574,824$5,309,108
27$9,734,920$3,558,941$603,565$5,572,414
28$10,221,666$3,739,037$633,743$5,848,886
29$10,732,749$3,928,137$665,430$6,139,181
30$11,269,387$4,126,693$698,702$6,443,991
Total$181,900,000$66,013,607$11,277,797$104,608,593

◄ Back to Jackpot Analysis

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.