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South Carolina Powerball Jackpot Annuity Payout Schedule for Jun 10, 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 $222,600,000 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, Jun 10, 2024
Jackpot:$222,600,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,350,449$1,196,687$207,728$1,946,035
2$3,517,972$1,258,670$218,114$2,041,188
3$3,693,870$1,323,752$229,020$2,141,098
4$3,878,564$1,392,089$240,471$2,246,004
5$4,072,492$1,463,842$252,495$2,356,155
6$4,276,117$1,539,183$265,119$2,471,814
7$4,489,923$1,618,292$278,375$2,593,256
8$4,714,419$1,701,355$292,294$2,720,770
9$4,950,140$1,788,572$306,909$2,854,659
10$5,197,647$1,880,150$322,254$2,995,243
11$5,457,529$1,976,306$338,367$3,142,856
12$5,730,406$2,077,270$355,285$3,297,850
13$6,016,926$2,183,283$373,049$3,460,594
14$6,317,772$2,294,596$391,702$3,631,474
15$6,633,661$2,411,475$411,287$3,810,899
16$6,965,344$2,534,197$431,851$3,999,295
17$7,313,611$2,663,056$453,444$4,197,111
18$7,679,292$2,798,358$476,116$4,404,817
19$8,063,256$2,940,425$499,922$4,622,909
20$8,466,419$3,089,595$524,918$4,851,906
21$8,889,740$3,246,224$551,164$5,092,352
22$9,334,227$3,410,684$578,722$5,344,821
23$9,800,938$3,583,367$607,658$5,609,913
24$10,290,985$3,764,685$638,041$5,888,259
25$10,805,534$3,955,068$669,943$6,180,523
26$11,345,811$4,154,970$703,440$6,487,400
27$11,913,102$4,364,868$738,612$6,809,622
28$12,508,757$4,585,260$775,543$7,147,953
29$13,134,194$4,816,672$814,320$7,503,202
30$13,790,904$5,059,655$855,036$7,876,213
Total$222,600,000$81,072,606$13,801,199$127,726,191

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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.