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South Dakota Powerball Jackpot Annuity Payout Schedule for Sep 7, 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 $108,800,000 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, Sep 7, 2011
Jackpot:$108,800,000
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$1,939,915$675,956$0$1,263,959
2$2,017,511$704,667$0$1,312,844
3$2,098,212$734,526$0$1,363,686
4$2,182,140$765,580$0$1,416,561
5$2,269,426$797,875$0$1,471,551
6$2,360,203$831,463$0$1,528,740
7$2,454,611$866,394$0$1,588,217
8$2,552,796$902,722$0$1,650,073
9$2,654,907$940,503$0$1,714,404
10$2,761,104$979,796$0$1,781,308
11$2,871,548$1,020,660$0$1,850,887
12$2,986,410$1,063,159$0$1,923,250
13$3,105,866$1,107,358$0$1,998,508
14$3,230,101$1,153,325$0$2,076,776
15$3,359,305$1,201,131$0$2,158,174
16$3,493,677$1,250,848$0$2,242,829
17$3,633,424$1,302,555$0$2,330,869
18$3,778,761$1,356,329$0$2,422,432
19$3,929,911$1,412,255$0$2,517,656
20$4,087,108$1,470,418$0$2,616,690
21$4,250,592$1,530,907$0$2,719,685
22$4,420,616$1,593,816$0$2,826,800
23$4,597,441$1,659,241$0$2,938,200
24$4,781,338$1,727,283$0$3,054,055
25$4,972,592$1,798,047$0$3,174,545
26$5,171,495$1,871,641$0$3,299,854
27$5,378,355$1,948,179$0$3,430,176
28$5,593,489$2,027,779$0$3,565,711
29$5,817,229$2,110,562$0$3,706,666
30$6,049,918$2,196,657$0$3,853,261
Total$108,800,000$39,001,632$0$69,798,367

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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.