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South Dakota Powerball Jackpot Annuity Payout Schedule for Dec 24, 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 $128,800,000 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:Sat, Dec 24, 2011
Jackpot:$128,800,000
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$2,296,517$807,899$0$1,488,618
2$2,388,377$841,887$0$1,546,490
3$2,483,913$877,235$0$1,606,677
4$2,583,269$913,997$0$1,669,272
5$2,686,600$952,230$0$1,734,370
6$2,794,064$991,991$0$1,802,072
7$2,905,826$1,033,343$0$1,872,483
8$3,022,059$1,076,350$0$1,945,710
9$3,142,942$1,121,076$0$2,021,866
10$3,268,659$1,167,592$0$2,101,068
11$3,399,406$1,215,968$0$2,183,438
12$3,535,382$1,266,279$0$2,269,103
13$3,676,797$1,318,603$0$2,358,195
14$3,823,869$1,373,019$0$2,450,850
15$3,976,824$1,429,613$0$2,547,211
16$4,135,897$1,488,470$0$2,647,427
17$4,301,333$1,549,681$0$2,751,652
18$4,473,386$1,613,341$0$2,860,046
19$4,652,322$1,679,547$0$2,972,775
20$4,838,414$1,748,401$0$3,090,013
21$5,031,951$1,820,010$0$3,211,941
22$5,233,229$1,894,483$0$3,338,747
23$5,442,558$1,971,934$0$3,470,624
24$5,660,261$2,052,484$0$3,607,776
25$5,886,671$2,136,256$0$3,750,415
26$6,122,138$2,223,379$0$3,898,759
27$6,367,023$2,313,986$0$4,053,037
28$6,621,704$2,408,218$0$4,213,486
29$6,886,572$2,506,220$0$4,380,353
30$7,162,035$2,608,141$0$4,553,895
Total$128,800,000$46,401,633$0$82,398,369

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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.