USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $286,000,000 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:Mon, Sep 26, 2022
Jackpot:$286,000,000
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$4,304,710$1,550,931$0$2,753,780
2$4,519,946$1,630,568$0$2,889,378
3$4,745,943$1,714,187$0$3,031,756
4$4,983,241$1,801,987$0$3,181,254
5$5,232,402$1,894,177$0$3,338,226
6$5,494,023$1,990,976$0$3,503,046
7$5,768,724$2,092,616$0$3,676,108
8$6,057,160$2,199,337$0$3,857,823
9$6,360,018$2,311,394$0$4,048,624
10$6,678,019$2,429,055$0$4,248,964
11$7,011,920$2,552,598$0$4,459,322
12$7,362,516$2,682,319$0$4,680,197
13$7,730,641$2,818,525$0$4,912,116
14$8,117,174$2,961,542$0$5,155,632
15$8,523,032$3,111,710$0$5,411,323
16$8,949,184$3,269,386$0$5,679,798
17$9,396,643$3,434,946$0$5,961,697
18$9,866,475$3,608,784$0$6,257,692
19$10,359,799$3,791,313$0$6,568,486
20$10,877,789$3,982,970$0$6,894,819
21$11,421,678$4,184,209$0$7,237,470
22$11,992,762$4,395,510$0$7,597,252
23$12,592,400$4,617,376$0$7,975,024
24$13,222,020$4,850,335$0$8,371,685
25$13,883,121$5,094,943$0$8,788,179
26$14,577,278$5,351,780$0$9,225,497
27$15,306,141$5,621,460$0$9,684,681
28$16,071,448$5,904,624$0$10,166,825
29$16,875,021$6,201,945$0$10,673,075
30$17,718,772$6,514,133$0$11,204,639
Total$286,000,001$104,565,636$0$181,434,368

◄ Back to Jackpot Analysis

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.