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South Carolina Powerball Jackpot Annuity Payout Schedule for Jul 19, 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 $292,900,000 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, Jul 19, 2025
Jackpot:$292,900,000
Federal Tax:37% marginal rate
State Tax: 5.21%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,408,565$1,587,126$229,686$2,591,753
2$4,628,994$1,668,685$241,171$2,719,138
3$4,860,443$1,754,321$253,229$2,852,893
4$5,103,466$1,844,240$265,891$2,993,336
5$5,358,639$1,938,654$279,185$3,140,800
6$5,626,571$2,037,788$293,144$3,295,638
7$5,907,899$2,141,880$307,802$3,458,218
8$6,203,294$2,251,176$323,192$3,628,926
9$6,513,459$2,365,937$339,351$3,808,171
10$6,839,132$2,486,436$356,319$3,996,377
11$7,181,088$2,612,960$374,135$4,193,994
12$7,540,143$2,745,810$392,841$4,401,491
13$7,917,150$2,885,303$412,484$4,619,364
14$8,313,008$3,031,770$433,108$4,848,130
15$8,728,658$3,185,561$454,763$5,088,334
16$9,165,091$3,347,041$477,501$5,340,549
17$9,623,345$3,516,595$501,376$5,605,374
18$10,104,513$3,694,627$526,445$5,883,441
19$10,609,738$3,881,560$552,767$6,175,410
20$11,140,225$4,077,841$580,406$6,481,979
21$11,697,236$4,283,935$609,426$6,803,876
22$12,282,098$4,500,334$639,897$7,141,867
23$12,896,203$4,727,552$671,892$7,496,758
24$13,541,013$4,966,132$705,487$7,869,394
25$14,218,064$5,216,641$740,761$8,260,662
26$14,928,967$5,479,675$777,799$8,671,493
27$15,675,415$5,755,861$816,689$9,102,865
28$16,459,186$6,045,856$857,524$9,555,806
29$17,282,145$6,350,351$900,400$10,031,395
30$18,146,253$6,670,071$945,420$10,530,762
Total$292,900,001$107,051,719$15,260,091$170,588,194

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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.