USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

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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 $41,600,000 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, Dec 21, 1996
Jackpot:$41,600,000
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$741,732$231,461$0$510,271
2$771,401$242,439$0$528,963
3$802,257$253,856$0$548,402
4$834,348$265,729$0$568,619
5$867,722$278,077$0$589,644
6$902,431$290,920$0$611,511
7$938,528$304,276$0$634,252
8$976,069$318,166$0$657,903
9$1,015,112$332,612$0$682,500
10$1,055,716$347,635$0$708,081
11$1,097,945$363,260$0$734,685
12$1,141,863$379,509$0$762,353
13$1,187,537$396,409$0$791,128
14$1,235,039$413,984$0$821,054
15$1,284,440$432,263$0$852,177
16$1,335,818$451,273$0$884,545
17$1,389,250$471,043$0$918,207
18$1,444,820$491,604$0$953,217
19$1,502,613$512,987$0$989,626
20$1,562,718$535,226$0$1,027,492
21$1,625,226$558,354$0$1,066,872
22$1,690,235$582,407$0$1,107,828
23$1,757,845$607,423$0$1,150,422
24$1,828,159$633,439$0$1,194,720
25$1,901,285$660,496$0$1,240,789
26$1,977,336$688,635$0$1,288,702
27$2,056,430$717,899$0$1,338,531
28$2,138,687$748,334$0$1,390,353
29$2,224,235$779,987$0$1,444,248
30$2,313,204$812,906$0$1,500,298
Total$41,600,000$14,102,609$0$27,497,393

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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.