USA Mega

South Carolina Powerball Jackpot Annuity Payout Schedule for Dec 23, 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 $626,400,000 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:Sat, Dec 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$584,550$5,398,208
2$9,899,630$3,619,883$613,777$5,665,970
3$10,394,611$3,803,026$644,466$5,947,119
4$10,914,342$3,995,327$676,689$6,242,326
5$11,460,059$4,197,242$710,524$6,552,293
6$12,033,062$4,409,253$746,050$6,877,759
7$12,634,715$4,631,865$783,352$7,219,498
8$13,266,451$4,865,607$822,520$7,578,324
9$13,929,774$5,111,036$863,646$7,955,091
10$14,626,262$5,368,737$906,828$8,350,697
11$15,357,575$5,639,323$952,170$8,766,083
12$16,125,454$5,923,438$999,778$9,202,238
13$16,931,727$6,221,759$1,049,767$9,660,201
14$17,778,313$6,534,996$1,102,255$10,141,062
15$18,667,229$6,863,895$1,157,368$10,645,966
16$19,600,590$7,209,239$1,215,237$11,176,115
17$20,580,619$7,571,849$1,275,998$11,732,772
18$21,609,651$7,952,591$1,339,798$12,317,261
19$22,690,133$8,352,369$1,406,788$12,930,975
20$23,824,640$8,772,137$1,477,128$13,575,375
21$25,015,872$9,212,893$1,550,984$14,251,995
22$26,266,665$9,675,686$1,628,533$14,962,446
23$27,579,999$10,161,620$1,709,960$15,708,419
24$28,958,998$10,671,850$1,795,458$16,491,691
25$30,406,948$11,207,591$1,885,231$17,314,126
26$31,927,296$11,770,120$1,979,492$18,177,684
27$33,523,661$12,360,775$2,078,467$19,084,419
28$35,199,843$12,980,962$2,182,390$20,036,491
29$36,959,836$13,632,159$2,291,510$21,036,166
30$38,807,828$14,315,917$2,406,085$22,085,826
Total$626,400,001$230,478,606$38,836,799$357,084,596

◄ 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.