The jackpot for the Powerball draw on Mon Nov 24, 2025, is projected to be $654 Million, with an option for a cash payout of $303.2 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 Nov 24, 2025 |
|---|
| Draw Date | Mon Nov 24, 2025 | | Projected Jackpot | $654,000,000 | | Cash Value | $303,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $303,200,000 | | Federal Tax(24%) | $72,768,000 | | Additional Federal Tax | $39,376,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $191,055,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,843,354 |
$3,602,371
$0 |
$6,240,983 |
| 2 |
$10,335,816 |
$3,784,582
$0 |
$6,551,234 |
| 3 |
$10,852,476 |
$3,975,747
$0 |
$6,876,729 |
| 4 |
$11,395,296 |
$4,176,590
$0 |
$7,218,706 |
| 5 |
$11,964,930 |
$4,387,354
$0 |
$7,577,576 |
| 6 |
$12,563,340 |
$4,608,766
$0 |
$7,954,574 |
| 7 |
$13,191,180 |
$4,841,067
$0 |
$8,350,113 |
| 8 |
$13,851,066 |
$5,085,225
$0 |
$8,765,841 |
| 9 |
$14,543,652 |
$5,341,482
$0 |
$9,202,170 |
| 10 |
$15,270,900 |
$5,610,563
$0 |
$9,660,337 |
| 11 |
$16,034,118 |
$5,892,954
$0 |
$10,141,164 |
| 12 |
$16,835,922 |
$6,189,622
$0 |
$10,646,300 |
| 13 |
$17,677,620 |
$6,501,050
$0 |
$11,176,570 |
| 14 |
$18,561,828 |
$6,828,207
$0 |
$11,733,621 |
| 15 |
$19,489,854 |
$7,171,576
$0 |
$12,318,278 |
| 16 |
$20,464,314 |
$7,532,127
$0 |
$12,932,187 |
| 17 |
$21,487,170 |
$7,910,583
$0 |
$13,576,587 |
| 18 |
$22,561,692 |
$8,308,156
$0 |
$14,253,536 |
| 19 |
$23,689,842 |
$8,725,572
$0 |
$14,964,270 |
| 20 |
$24,874,236 |
$9,163,798
$0 |
$15,710,438 |
| 21 |
$26,118,144 |
$9,624,044
$0 |
$16,494,100 |
| 22 |
$27,424,182 |
$10,107,278
$0 |
$17,316,904 |
| 23 |
$28,794,966 |
$10,614,468
$0 |
$18,180,498 |
| 24 |
$30,235,074 |
$11,147,308
$0 |
$19,087,766 |
| 25 |
$31,746,468 |
$11,706,524
$0 |
$20,039,944 |
| 26 |
$33,334,380 |
$12,294,051
$0 |
$21,040,329 |
| 27 |
$35,000,772 |
$12,910,616
$0 |
$22,090,156 |
| 28 |
$36,750,876 |
$13,558,155
$0 |
$23,192,721 |
| 29 |
$38,588,616 |
$14,238,118
$0 |
$24,350,498 |
| 30 |
$40,517,916 |
$14,951,959
$0 |
$25,565,957 |
|
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