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South Dakota Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

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The tax information provided here is based on 2022 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 $32,200,000 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 prize money, as well as deductions claimed.

State:

South Dakota

Drawing Date:Wed, Nov 23, 2022
Jackpot:$32,200,000
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$484,656$143,383$0$341,274
2$508,889$151,864$0$357,025
3$534,333$160,770$0$373,564
4$561,050$170,544$0$390,507
5$589,103$180,923$0$408,180
6$618,558$191,821$0$426,736
7$649,486$203,265$0$446,221
8$681,960$215,280$0$466,680
9$716,058$227,896$0$488,162
10$751,861$241,144$0$510,717
11$789,454$255,053$0$534,401
12$828,927$269,658$0$559,269
13$870,373$284,993$0$585,380
14$913,892$301,095$0$612,797
15$959,586$318,002$0$641,584
16$1,007,565$335,754$0$671,811
17$1,057,944$354,394$0$703,550
18$1,110,841$373,966$0$736,875
19$1,166,383$394,517$0$771,866
20$1,224,702$416,095$0$808,607
21$1,285,937$438,752$0$847,185
22$1,350,234$462,542$0$887,692
23$1,417,746$487,521$0$930,225
24$1,488,633$513,749$0$974,884
25$1,563,065$541,289$0$1,021,776
26$1,641,218$570,206$0$1,071,012
27$1,723,279$600,568$0$1,122,711
28$1,809,443$632,449$0$1,176,994
29$1,899,915$665,924$0$1,233,991
30$1,994,911$701,072$0$1,293,839
Total$32,200,000$10,804,489$0$21,395,515

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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.