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South Dakota Powerball Jackpot Annuity Payout Schedule for Dec 21, 2011

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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 $105,600,000 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:Wed, Dec 21, 2011
Jackpot:$105,600,000
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$1,882,858$654,845$0$1,228,013
2$1,958,173$682,712$0$1,275,461
3$2,036,500$711,693$0$1,324,807
4$2,117,960$741,833$0$1,376,127
5$2,202,678$773,179$0$1,429,499
6$2,290,785$805,778$0$1,485,007
7$2,382,417$839,682$0$1,542,735
8$2,477,713$874,942$0$1,602,772
9$2,576,822$911,612$0$1,665,210
10$2,679,895$949,749$0$1,730,146
11$2,787,090$989,411$0$1,797,679
12$2,898,574$1,030,660$0$1,867,914
13$3,014,517$1,073,559$0$1,940,958
14$3,135,098$1,118,174$0$2,016,924
15$3,260,502$1,164,573$0$2,095,928
16$3,390,922$1,212,829$0$2,178,093
17$3,526,559$1,263,014$0$2,263,544
18$3,667,621$1,315,207$0$2,352,413
19$3,814,326$1,369,488$0$2,444,837
20$3,966,899$1,425,940$0$2,540,959
21$4,125,575$1,484,650$0$2,640,924
22$4,290,598$1,545,709$0$2,744,889
23$4,462,222$1,609,210$0$2,853,012
24$4,640,711$1,675,251$0$2,965,460
25$4,826,339$1,743,933$0$3,082,406
26$5,019,393$1,815,363$0$3,204,030
27$5,220,168$1,889,650$0$3,330,518
28$5,428,975$1,966,908$0$3,462,066
29$5,646,134$2,047,257$0$3,598,877
30$5,871,979$2,130,820$0$3,741,159
Total$105,600,000$37,817,631$0$67,782,367

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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.