USA Mega

South Dakota Powerball Jackpot Annuity Payout Schedule for Sep 18, 2024

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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 $176,300,000 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:Wed, Sep 18, 2024
Jackpot:$176,300,000
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$2,653,568$940,008$0$1,713,560
2$2,786,246$989,099$0$1,797,148
3$2,925,559$1,040,644$0$1,884,914
4$3,071,837$1,094,767$0$1,977,069
5$3,225,428$1,151,596$0$2,073,832
6$3,386,700$1,211,267$0$2,175,433
7$3,556,035$1,273,921$0$2,282,114
8$3,733,837$1,339,707$0$2,394,129
9$3,920,529$1,408,783$0$2,511,745
10$4,116,555$1,481,313$0$2,635,242
11$4,322,383$1,557,469$0$2,764,913
12$4,538,502$1,637,433$0$2,901,068
13$4,765,427$1,721,396$0$3,044,031
14$5,003,698$1,809,556$0$3,194,142
15$5,253,883$1,902,125$0$3,351,759
16$5,516,577$1,999,321$0$3,517,256
17$5,792,406$2,101,378$0$3,691,028
18$6,082,026$2,208,538$0$3,873,489
19$6,386,128$2,321,055$0$4,065,073
20$6,705,434$2,439,198$0$4,266,236
21$7,040,706$2,563,249$0$4,477,457
22$7,392,741$2,693,502$0$4,699,239
23$7,762,378$2,830,268$0$4,932,111
24$8,150,497$2,973,872$0$5,176,625
25$8,558,022$3,124,656$0$5,433,366
26$8,985,923$3,282,979$0$5,702,944
27$9,435,219$3,449,219$0$5,986,000
28$9,906,980$3,623,770$0$6,283,210
29$10,402,329$3,807,050$0$6,595,280
30$10,922,446$3,999,493$0$6,922,953
Total$176,300,000$63,976,632$0$112,323,366

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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.