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South Carolina Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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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 $166,000,000 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:Mon, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$154,909$1,462,149
2$2,623,465$927,702$162,655$1,533,108
3$2,754,638$976,236$170,788$1,607,614
4$2,892,370$1,027,197$179,327$1,685,846
5$3,036,989$1,080,706$188,293$1,767,989
6$3,188,838$1,136,890$197,708$1,854,240
7$3,348,280$1,195,884$207,593$1,944,803
8$3,515,694$1,257,827$217,973$2,039,894
9$3,691,479$1,322,867$228,872$2,139,740
10$3,876,053$1,391,160$240,315$2,244,578
11$4,069,856$1,462,867$252,331$2,354,658
12$4,273,348$1,538,159$264,948$2,470,242
13$4,487,016$1,617,216$278,195$2,591,605
14$4,711,367$1,700,226$292,105$2,719,036
15$4,946,935$1,787,386$306,710$2,852,839
16$5,194,282$1,878,904$322,045$2,993,332
17$5,453,996$1,974,999$338,148$3,140,849
18$5,726,695$2,075,898$355,055$3,295,743
19$6,013,030$2,181,841$372,808$3,458,381
20$6,313,682$2,293,082$391,448$3,629,151
21$6,629,366$2,409,886$411,021$3,808,459
22$6,960,834$2,532,529$431,572$3,996,733
23$7,308,876$2,661,304$453,150$4,194,421
24$7,674,319$2,796,518$475,808$4,401,993
25$8,058,035$2,938,493$499,598$4,619,944
26$8,460,937$3,087,567$524,578$4,848,792
27$8,883,984$3,244,094$550,807$5,089,083
28$9,328,183$3,408,448$578,347$5,341,388
29$9,794,592$3,581,019$607,265$5,606,308
30$10,284,322$3,762,219$637,628$5,884,475
Total$166,000,000$60,130,603$10,292,000$95,577,393

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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.