The jackpot for the Powerball draw on Mon Oct 19, 2026, is projected to be $607 Million, with an option for a cash payout of $255.7 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 Mon Oct 19, 2026 |
|---|
| Draw Date | Mon Oct 19, 2026 | | Projected Jackpot | $607,000,000 | | Cash Value | $255,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $255,700,000 | | Federal Tax(24%) | $61,368,000 | | Additional Federal Tax | $33,201,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $161,130,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,135,957 |
$3,340,634
$0 |
$5,795,323 |
| 2 |
$9,593,028 |
$3,509,751
$0 |
$6,083,277 |
| 3 |
$10,072,558 |
$3,687,177
$0 |
$6,385,381 |
| 4 |
$10,576,368 |
$3,873,587
$0 |
$6,702,781 |
| 5 |
$11,105,065 |
$4,069,204
$0 |
$7,035,861 |
| 6 |
$11,660,470 |
$4,274,704
$0 |
$7,385,766 |
| 7 |
$12,243,190 |
$4,490,311
$0 |
$7,752,879 |
| 8 |
$12,855,653 |
$4,716,922
$0 |
$8,138,731 |
| 9 |
$13,498,466 |
$4,954,763
$0 |
$8,543,703 |
| 10 |
$14,173,450 |
$5,204,507
$0 |
$8,968,943 |
| 11 |
$14,881,819 |
$5,466,603
$0 |
$9,415,216 |
| 12 |
$15,626,001 |
$5,741,951
$0 |
$9,884,050 |
| 13 |
$16,407,210 |
$6,030,998
$0 |
$10,376,212 |
| 14 |
$17,227,874 |
$6,334,644
$0 |
$10,893,230 |
| 15 |
$18,089,207 |
$6,653,337
$0 |
$11,435,870 |
| 16 |
$18,993,637 |
$6,987,976
$0 |
$12,005,661 |
| 17 |
$19,942,985 |
$7,339,235
$0 |
$12,603,750 |
| 18 |
$20,940,286 |
$7,708,236
$0 |
$13,232,050 |
| 19 |
$21,987,361 |
$8,095,654
$0 |
$13,891,707 |
| 20 |
$23,086,638 |
$8,502,386
$0 |
$14,584,252 |
| 21 |
$24,241,152 |
$8,929,557
$0 |
$15,311,595 |
| 22 |
$25,453,331 |
$9,378,063
$0 |
$16,075,268 |
| 23 |
$26,725,603 |
$9,848,803
$0 |
$16,876,800 |
| 24 |
$28,062,217 |
$10,343,351
$0 |
$17,718,866 |
| 25 |
$29,464,994 |
$10,862,378
$0 |
$18,602,616 |
| 26 |
$30,938,790 |
$11,407,683
$0 |
$19,531,107 |
| 27 |
$32,485,426 |
$11,979,938
$0 |
$20,505,488 |
| 28 |
$34,109,758 |
$12,580,941
$0 |
$21,528,817 |
| 29 |
$35,815,428 |
$13,212,039
$0 |
$22,603,389 |
| 30 |
$37,606,078 |
$13,874,579
$0 |
$23,731,499 |
|
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