USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Oct 31, 1992

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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 $9,600,000 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 money, as well as deductions claimed.

State:

South Dakota

Drawing Date:Sat, Oct 31, 1992
Jackpot:$9,600,000
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$171,169$33,679$0$137,490
2$178,016$35,322$0$142,694
3$185,136$37,031$0$148,106
4$192,542$38,808$0$153,734
5$200,243$40,656$0$159,587
6$208,253$43,097$0$165,156
7$216,583$45,763$0$170,821
8$225,247$48,535$0$176,712
9$234,257$51,418$0$182,838
10$243,627$54,417$0$189,210
11$253,372$57,535$0$195,837
12$263,507$60,997$0$202,510
13$274,047$64,686$0$209,361
14$285,009$68,522$0$216,487
15$296,409$72,512$0$223,897
16$308,266$76,662$0$231,603
17$320,596$80,978$0$239,618
18$333,420$85,466$0$247,954
19$346,757$90,134$0$256,623
20$360,627$94,989$0$265,638
21$375,052$100,038$0$275,015
22$390,054$105,288$0$284,766
23$405,657$110,749$0$294,907
24$421,883$116,428$0$305,455
25$438,758$122,335$0$316,424
26$456,308$128,477$0$327,831
27$474,561$134,866$0$339,695
28$493,543$141,509$0$352,034
29$513,285$148,419$0$364,866
30$533,816$155,605$0$378,211
Total$9,600,000$2,444,921$0$7,155,080

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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.