Jackpot Analysis South Dakota Powerball

Jackpot Analysis for South Dakota Powerball
The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Sat Aug 2, 2025
Draw DateSat Aug 2, 2025
Projected Jackpot$410,000,000
Cash Value$184,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$184,900,000
Federal Tax(24%)$44,376,000
Additional Federal Tax$23,997,330
State Tax(0%)$0
Net Lumpsum Payment$116,526,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $6,170,910 $2,243,567
$0
$3,927,343
2 $6,479,640 $2,357,797
$0
$4,121,843
3 $6,803,540 $2,477,640
$0
$4,325,900
4 $7,143,840 $2,603,551
$0
$4,540,289
5 $7,500,950 $2,735,682
$0
$4,765,268
6 $7,876,100 $2,874,487
$0
$5,001,613
7 $8,269,700 $3,020,119
$0
$5,249,581
8 $8,683,390 $3,173,185
$0
$5,510,205
9 $9,117,580 $3,333,835
$0
$5,783,745
10 $9,573,500 $3,502,525
$0
$6,070,975
11 $10,051,970 $3,679,559
$0
$6,372,411
12 $10,554,630 $3,865,543
$0
$6,689,087
13 $11,082,300 $4,060,781
$0
$7,021,519
14 $11,636,620 $4,265,880
$0
$7,370,740
15 $12,218,410 $4,481,142
$0
$7,737,268
16 $12,829,310 $4,707,175
$0
$8,122,135
17 $13,470,550 $4,944,434
$0
$8,526,116
18 $14,144,180 $5,193,677
$0
$8,950,503
19 $14,851,430 $5,455,359
$0
$9,396,071
20 $15,593,940 $5,730,088
$0
$9,863,852
21 $16,373,760 $6,018,622
$0
$10,355,138
22 $17,192,530 $6,321,566
$0
$10,870,964
23 $18,051,890 $6,639,530
$0
$11,412,360
24 $18,954,710 $6,973,573
$0
$11,981,137
25 $19,902,220 $7,324,152
$0
$12,578,068
26 $20,897,700 $7,692,479
$0
$13,205,221
27 $21,942,380 $8,079,011
$0
$13,863,369
28 $23,039,540 $8,484,960
$0
$14,554,580
29 $24,191,640 $8,911,237
$0
$15,280,403
30 $25,401,140 $9,358,752
$0
$16,042,388