USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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The tax information provided here is based on 2025 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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
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$1,069,806$352,848$0$716,957
2$1,112,598$368,682$0$743,917
3$1,157,102$385,148$0$771,954
4$1,203,386$402,273$0$801,113
5$1,251,522$420,083$0$831,438
6$1,301,583$438,606$0$862,977
7$1,353,646$457,869$0$895,777
8$1,407,792$477,903$0$929,888
9$1,464,103$498,738$0$965,365
10$1,522,667$520,407$0$1,002,260
11$1,583,574$542,943$0$1,040,631
12$1,646,917$566,380$0$1,080,538
13$1,712,794$590,754$0$1,122,040
14$1,781,306$616,103$0$1,165,202
15$1,852,558$642,467$0$1,210,091
16$1,926,660$669,884$0$1,256,776
17$2,003,726$698,399$0$1,305,327
18$2,083,876$728,054$0$1,355,821
19$2,167,231$758,896$0$1,408,335
20$2,253,920$790,971$0$1,462,949
21$2,344,077$824,329$0$1,519,748
22$2,437,840$859,021$0$1,578,819
23$2,535,353$895,101$0$1,640,252
24$2,636,767$932,624$0$1,704,143
25$2,742,238$971,648$0$1,770,590
26$2,851,928$1,012,233$0$1,839,694
27$2,966,005$1,054,442$0$1,911,563
28$3,084,645$1,098,339$0$1,986,306
29$3,208,031$1,143,992$0$2,064,039
30$3,336,352$1,191,470$0$2,144,881
Total$60,000,000$20,910,607$0$39,089,391

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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.