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South Dakota Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
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$6,995,907$2,546,673$0$4,449,234
2$7,345,702$2,676,098$0$4,669,605
3$7,712,987$2,811,993$0$4,900,994
4$8,098,637$2,954,683$0$5,143,954
5$8,503,569$3,104,508$0$5,399,060
6$8,928,747$3,261,824$0$5,666,923
7$9,375,185$3,427,006$0$5,948,179
8$9,843,944$3,600,447$0$6,243,497
9$10,336,141$3,782,560$0$6,553,581
10$10,852,948$3,973,779$0$6,879,169
11$11,395,595$4,174,558$0$7,221,037
12$11,965,375$4,385,377$0$7,579,999
13$12,563,644$4,606,736$0$7,956,908
14$13,191,826$4,839,163$0$8,352,663
15$13,851,417$5,083,212$0$8,768,205
16$14,543,988$5,339,463$0$9,204,525
17$15,271,188$5,608,527$0$9,662,660
18$16,034,747$5,891,044$0$10,143,703
19$16,836,484$6,187,687$0$10,648,797
20$17,678,309$6,499,162$0$11,179,147
21$18,562,224$6,826,211$0$11,736,013
22$19,490,335$7,169,612$0$12,320,723
23$20,464,852$7,530,183$0$12,934,669
24$21,488,094$7,908,783$0$13,579,312
25$22,562,499$8,306,312$0$14,256,187
26$23,690,625$8,723,719$0$14,966,906
27$24,875,156$9,161,995$0$15,713,160
28$26,118,913$9,622,186$0$16,496,728
29$27,424,859$10,105,386$0$17,319,473
30$28,796,102$10,612,746$0$18,183,357
Total$464,800,001$170,721,633$0$294,078,368

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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.