Jackpot Analysis South Dakota Powerball

Jackpot Analysis for South Dakota Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(0%)$0
Net Lumpsum Payment$137,946,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$0
$4,610,056
2 $7,617,528 $2,778,816
$0
$4,838,712
3 $7,998,308 $2,919,704
$0
$5,078,604
4 $8,398,368 $3,067,727
$0
$5,330,641
5 $8,818,190 $3,223,061
$0
$5,595,129
6 $9,259,220 $3,386,242
$0
$5,872,978
7 $9,721,940 $3,557,448
$0
$6,164,492
8 $10,208,278 $3,737,393
$0
$6,470,885
9 $10,718,716 $3,926,255
$0
$6,792,461
10 $11,254,700 $4,124,569
$0
$7,130,131
11 $11,817,194 $4,332,692
$0
$7,484,502
12 $12,408,126 $4,551,337
$0
$7,856,789
13 $13,028,460 $4,780,861
$0
$8,247,599
14 $13,680,124 $5,021,976
$0
$8,658,148
15 $14,364,082 $5,275,041
$0
$9,089,041
16 $15,082,262 $5,540,767
$0
$9,541,495
17 $15,836,110 $5,819,691
$0
$10,016,419
18 $16,628,036 $6,112,704
$0
$10,515,332
19 $17,459,486 $6,420,340
$0
$11,039,146
20 $18,332,388 $6,743,314
$0
$11,589,074
21 $19,249,152 $7,082,517
$0
$12,166,635
22 $20,211,706 $7,438,662
$0
$12,773,044
23 $21,221,978 $7,812,462
$0
$13,409,516
24 $22,283,342 $8,205,167
$0
$14,078,175
25 $23,397,244 $8,617,311
$0
$14,779,933
26 $24,567,540 $9,050,320
$0
$15,517,220
27 $25,795,676 $9,504,731
$0
$16,290,945
28 $27,085,508 $9,981,968
$0
$17,103,540
29 $28,439,928 $10,483,104
$0
$17,956,824
30 $29,861,828 $11,009,207
$0
$18,852,621