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South Carolina Powerball Jackpot Annuity Payout Schedule for Jun 11, 2025

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The tax information provided here is based on 2026 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 $65,200,000 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, Jun 11, 2025
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 5.21%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$981,354$319,058$51,129$611,167
2$1,030,421$337,213$53,685$639,523
3$1,081,942$356,276$56,369$669,297
4$1,136,039$376,292$59,188$700,560
5$1,192,841$397,309$62,147$733,386
6$1,252,483$419,376$65,254$767,853
7$1,315,108$442,547$68,517$804,043
8$1,380,863$466,877$71,943$842,044
9$1,449,906$492,423$75,540$881,944
10$1,522,401$519,246$79,317$923,839
11$1,598,522$547,410$83,283$967,828
12$1,678,448$576,983$87,447$1,014,018
13$1,762,370$608,034$91,819$1,062,516
14$1,850,489$640,638$96,410$1,113,440
15$1,943,013$674,872$101,231$1,166,910
16$2,040,164$710,818$106,293$1,223,053
17$2,142,172$748,561$111,607$1,282,004
18$2,249,280$788,191$117,188$1,343,902
19$2,361,744$829,803$123,047$1,408,895
20$2,479,832$873,495$129,199$1,477,137
21$2,603,823$919,372$135,659$1,548,792
22$2,734,014$967,543$142,442$1,624,030
23$2,870,715$1,018,122$149,564$1,703,029
24$3,014,251$1,071,230$157,042$1,785,978
25$3,164,963$1,126,994$164,895$1,873,075
26$3,323,212$1,185,546$173,139$1,964,527
27$3,489,372$1,247,025$181,796$2,060,551
28$3,663,841$1,311,578$190,886$2,161,376
29$3,847,033$1,379,359$200,430$2,267,243
30$4,039,384$1,450,529$210,452$2,378,403
Total$65,200,000$22,802,720$3,396,918$39,000,363

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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.