The jackpot for the Powerball draw on Mon Mar 30, 2026, is projected to be $180 Million, with an option for a cash payout of $80.8 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 Mon Mar 30, 2026 |
|---|
| Draw Date | Mon Mar 30, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $50,943,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$0 |
$1,746,453 |
| 2 |
$2,844,720 |
$1,012,877
$0 |
$1,831,843 |
| 3 |
$2,986,920 |
$1,065,491
$0 |
$1,921,429 |
| 4 |
$3,136,320 |
$1,120,769
$0 |
$2,015,551 |
| 5 |
$3,293,100 |
$1,178,777
$0 |
$2,114,323 |
| 6 |
$3,457,800 |
$1,239,716
$0 |
$2,218,084 |
| 7 |
$3,630,600 |
$1,303,652
$0 |
$2,326,948 |
| 8 |
$3,812,220 |
$1,370,852
$0 |
$2,441,368 |
| 9 |
$4,002,840 |
$1,441,381
$0 |
$2,561,459 |
| 10 |
$4,203,000 |
$1,515,440
$0 |
$2,687,560 |
| 11 |
$4,413,060 |
$1,593,163
$0 |
$2,819,897 |
| 12 |
$4,633,740 |
$1,674,814
$0 |
$2,958,926 |
| 13 |
$4,865,400 |
$1,760,528
$0 |
$3,104,872 |
| 14 |
$5,108,760 |
$1,850,572
$0 |
$3,258,188 |
| 15 |
$5,364,180 |
$1,945,077
$0 |
$3,419,103 |
| 16 |
$5,632,380 |
$2,044,311
$0 |
$3,588,069 |
| 17 |
$5,913,900 |
$2,148,473
$0 |
$3,765,427 |
| 18 |
$6,209,640 |
$2,257,897
$0 |
$3,951,743 |
| 19 |
$6,520,140 |
$2,372,782
$0 |
$4,147,358 |
| 20 |
$6,846,120 |
$2,493,395
$0 |
$4,352,725 |
| 21 |
$7,188,480 |
$2,620,068
$0 |
$4,568,412 |
| 22 |
$7,547,940 |
$2,753,068
$0 |
$4,794,872 |
| 23 |
$7,925,220 |
$2,892,662
$0 |
$5,032,558 |
| 24 |
$8,321,580 |
$3,039,315
$0 |
$5,282,265 |
| 25 |
$8,737,560 |
$3,193,228
$0 |
$5,544,332 |
| 26 |
$9,174,600 |
$3,354,932
$0 |
$5,819,668 |
| 27 |
$9,633,240 |
$3,524,629
$0 |
$6,108,611 |
| 28 |
$10,114,920 |
$3,702,851
$0 |
$6,412,069 |
| 29 |
$10,620,720 |
$3,889,997
$0 |
$6,730,723 |
| 30 |
$11,151,720 |
$4,086,467
$0 |
$7,065,253 |
|
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