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South Carolina Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$169,001$1,591,243
2$2,862,106$1,015,999$177,451$1,668,656
3$3,005,211$1,068,948$186,323$1,749,940
4$3,155,472$1,124,545$195,639$1,835,288
5$3,313,245$1,182,921$205,421$1,924,903
6$3,478,907$1,244,216$215,692$2,018,999
7$3,652,853$1,308,576$226,477$2,117,800
8$3,835,495$1,376,154$237,801$2,221,541
9$4,027,270$1,447,110$249,691$2,330,469
10$4,228,634$1,521,615$262,175$2,444,844
11$4,440,065$1,599,844$275,284$2,564,937
12$4,662,069$1,681,986$289,048$2,691,035
13$4,895,172$1,768,234$303,501$2,823,437
14$5,139,931$1,858,795$318,676$2,962,460
15$5,396,927$1,953,883$334,609$3,108,434
16$5,666,773$2,053,726$351,340$3,261,707
17$5,950,112$2,158,562$368,907$3,422,643
18$6,247,618$2,268,639$387,352$3,591,627
19$6,559,999$2,384,220$406,720$3,769,059
20$6,887,999$2,505,580$427,056$3,955,363
21$7,232,398$2,633,008$448,409$4,150,982
22$7,594,018$2,766,807$470,829$4,356,382
23$7,973,719$2,907,296$494,371$4,572,052
24$8,372,405$3,054,810$519,089$4,798,506
25$8,791,025$3,209,700$545,044$5,036,282
26$9,230,577$3,372,334$572,296$5,285,947
27$9,692,106$3,543,099$600,911$5,548,096
28$10,176,711$3,722,403$630,956$5,823,351
29$10,685,546$3,910,672$662,504$6,112,370
30$11,219,824$4,108,355$695,629$6,415,840
Total$181,100,000$65,717,609$11,228,202$104,154,193

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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.