USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Jul 16, 1997

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The tax information provided here is based on 2024 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 $19,800,000 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:Wed, Jul 16, 1997
Jackpot:$19,800,000
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$353,036$93,937$0$259,099
2$367,157$98,880$0$268,278
3$381,844$104,020$0$277,824
4$397,117$109,366$0$287,752
5$413,002$114,926$0$298,077
6$429,522$120,708$0$308,815
7$446,703$126,721$0$319,982
8$464,571$132,975$0$331,597
9$483,154$139,479$0$343,675
10$502,480$146,243$0$356,237
11$522,579$153,278$0$369,302
12$543,483$160,594$0$382,889
13$565,222$168,202$0$397,020
14$587,831$176,116$0$411,715
15$611,344$184,385$0$426,959
16$635,798$193,433$0$442,365
17$661,230$202,843$0$458,387
18$687,679$212,629$0$475,050
19$715,186$222,807$0$492,379
20$743,794$233,391$0$510,402
21$773,545$244,399$0$529,146
22$804,487$255,848$0$548,639
23$836,667$267,754$0$568,912
24$870,133$280,137$0$589,996
25$904,939$293,015$0$611,924
26$941,136$306,408$0$634,728
27$978,782$320,337$0$658,445
28$1,017,933$334,823$0$683,110
29$1,058,650$349,888$0$708,762
30$1,100,996$365,556$0$735,440
Total$19,800,000$6,113,098$0$13,686,906

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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.