Jackpot Analysis South Dakota Powerball

Jackpot Analysis for South Dakota Powerball
The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.

South Dakota Powerball Jackpot/Cash Option for Wed Jul 2, 2025
Draw DateWed Jul 2, 2025
Projected Jackpot$174,000,000
Cash Value$79,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$79,700,000
Federal Tax(24%)$19,128,000
Additional Federal Tax$10,321,330
State Tax(0%)$0
Net Lumpsum Payment$50,250,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,618,874 $929,314
$0
$1,689,560
2 $2,749,896 $977,792
$0
$1,772,104
3 $2,887,356 $1,028,652
$0
$1,858,704
4 $3,031,776 $1,082,088
$0
$1,949,688
5 $3,183,330 $1,138,162
$0
$2,045,168
6 $3,342,540 $1,197,070
$0
$2,145,470
7 $3,509,580 $1,258,875
$0
$2,250,705
8 $3,685,146 $1,323,834
$0
$2,361,312
9 $3,869,412 $1,392,013
$0
$2,477,399
10 $4,062,900 $1,463,603
$0
$2,599,297
11 $4,265,958 $1,538,735
$0
$2,727,223
12 $4,479,282 $1,617,665
$0
$2,861,617
13 $4,703,220 $1,700,522
$0
$3,002,698
14 $4,938,468 $1,787,564
$0
$3,150,904
15 $5,185,374 $1,878,919
$0
$3,306,455
16 $5,444,634 $1,974,845
$0
$3,469,789
17 $5,716,770 $2,075,535
$0
$3,641,235
18 $6,002,652 $2,181,312
$0
$3,821,340
19 $6,302,802 $2,292,367
$0
$4,010,435
20 $6,617,916 $2,408,959
$0
$4,208,957
21 $6,948,864 $2,531,410
$0
$4,417,454
22 $7,296,342 $2,659,977
$0
$4,636,365
23 $7,661,046 $2,794,917
$0
$4,866,129
24 $8,044,194 $2,936,682
$0
$5,107,512
25 $8,446,308 $3,085,464
$0
$5,360,844
26 $8,868,780 $3,241,779
$0
$5,627,001
27 $9,312,132 $3,405,819
$0
$5,906,313
28 $9,777,756 $3,578,100
$0
$6,199,656
29 $10,266,696 $3,759,008
$0
$6,507,688
30 $10,779,996 $3,948,929
$0
$6,831,067