USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Feb 11, 2012

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The tax information provided here is based on 2026 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 $336,400,000 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, Feb 11, 2012
Jackpot:$336,400,000
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$5,998,045$2,175,234$0$3,822,811
2$6,237,967$2,264,005$0$3,973,962
3$6,487,486$2,356,327$0$4,131,159
4$6,746,985$2,452,342$0$4,294,643
5$7,016,865$2,552,197$0$4,464,668
6$7,297,539$2,656,047$0$4,641,492
7$7,589,441$2,764,050$0$4,825,390
8$7,893,018$2,876,374$0$5,016,644
9$8,208,739$2,993,191$0$5,215,548
10$8,537,089$3,114,680$0$5,422,409
11$8,878,572$3,241,029$0$5,637,543
12$9,233,715$3,372,432$0$5,861,283
13$9,603,064$3,509,091$0$6,093,973
14$9,987,186$3,651,216$0$6,335,970
15$10,386,674$3,799,027$0$6,587,647
16$10,802,141$3,952,749$0$6,849,391
17$11,234,226$4,112,621$0$7,121,605
18$11,683,596$4,278,888$0$7,404,708
19$12,150,939$4,451,805$0$7,699,135
20$12,636,977$4,631,639$0$8,005,338
21$13,142,456$4,818,666$0$8,323,790
22$13,668,154$5,013,174$0$8,654,980
23$14,214,880$5,215,463$0$8,999,417
24$14,783,476$5,425,843$0$9,357,632
25$15,374,815$5,644,639$0$9,730,176
26$15,989,807$5,872,186$0$10,117,621
27$16,629,399$6,108,835$0$10,520,564
28$17,294,575$6,354,950$0$10,939,625
29$17,986,358$6,610,910$0$11,375,449
30$18,705,813$6,877,108$0$11,828,705
Total$336,400,000$123,146,718$0$213,253,278

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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.