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South Dakota Powerball Jackpot Annuity Payout Schedule for Jan 20, 2021

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The tax information provided here is based on 2021 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 $730,000,000 for a ticket purchased in South Dakota, 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 prize money, as well as deductions claimed.

State:

South Dakota

Drawing Date:Wed, Jan 20, 2021
Jackpot:$730,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,987,548$4,029,465$0$6,958,083
2$11,536,925$4,232,735$0$7,304,191
3$12,113,771$4,446,168$0$7,667,604
4$12,719,460$4,670,273$0$8,049,188
5$13,355,432$4,905,582$0$8,449,850
6$14,023,204$5,152,658$0$8,870,547
7$14,724,365$5,412,087$0$9,312,278
8$15,460,583$5,684,488$0$9,776,095
9$16,233,612$5,970,509$0$10,263,103
10$17,045,293$6,270,831$0$10,774,462
11$17,897,557$6,586,169$0$11,311,389
12$18,792,435$6,917,273$0$11,875,162
13$19,732,057$7,264,933$0$12,467,124
14$20,718,660$7,629,976$0$13,088,684
15$21,754,593$8,013,272$0$13,741,321
16$22,842,323$8,415,732$0$14,426,591
17$23,984,438$8,838,314$0$15,146,124
18$25,183,660$9,282,027$0$15,901,634
19$26,442,843$9,747,924$0$16,694,919
20$27,764,986$10,237,117$0$17,527,869
21$29,153,235$10,750,769$0$18,402,466
22$30,610,897$11,290,104$0$19,320,793
23$32,141,442$11,856,406$0$20,285,036
24$33,748,513$12,451,022$0$21,297,491
25$35,435,939$13,075,370$0$22,360,569
26$37,207,736$13,730,935$0$23,476,802
27$39,068,123$14,419,278$0$24,648,845
28$41,021,529$15,142,038$0$25,879,491
29$43,072,605$15,900,936$0$27,171,669
30$45,226,236$16,697,780$0$28,528,456
Total$730,000,001$269,022,171$0$460,977,836

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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.