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South Dakota Powerball Jackpot Annuity Payout Schedule for Sep 27, 2008

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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 $206,900,000 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, Sep 27, 2008
Jackpot:$206,900,000
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$3,689,048$1,323,135$0$2,365,912
2$3,836,609$1,377,733$0$2,458,876
3$3,990,074$1,434,515$0$2,555,559
4$4,149,677$1,493,568$0$2,656,109
5$4,315,664$1,554,983$0$2,760,680
6$4,488,290$1,618,855$0$2,869,435
7$4,667,822$1,685,282$0$2,982,540
8$4,854,535$1,754,366$0$3,100,169
9$5,048,716$1,826,213$0$3,222,503
10$5,250,665$1,900,934$0$3,349,731
11$5,460,691$1,978,644$0$3,482,048
12$5,679,119$2,059,462$0$3,619,657
13$5,906,284$2,143,513$0$3,762,771
14$6,142,535$2,230,926$0$3,911,609
15$6,388,237$2,321,835$0$4,066,401
16$6,643,766$2,416,381$0$4,227,385
17$6,909,517$2,514,709$0$4,394,808
18$7,185,897$2,616,970$0$4,568,928
19$7,473,333$2,723,321$0$4,750,012
20$7,772,267$2,833,926$0$4,938,340
21$8,083,157$2,948,956$0$5,134,201
22$8,406,484$3,068,587$0$5,337,897
23$8,742,743$3,193,003$0$5,549,740
24$9,092,453$3,322,395$0$5,770,057
25$9,456,151$3,456,964$0$5,999,187
26$9,834,397$3,596,915$0$6,237,482
27$10,227,773$3,742,464$0$6,485,309
28$10,636,884$3,893,835$0$6,743,049
29$11,062,359$4,051,261$0$7,011,098
30$11,504,853$4,214,983$0$7,289,870
Total$206,900,000$75,298,634$0$131,601,363

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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.