Jackpot Analysis South Dakota Powerball

Jackpot Analysis for South Dakota Powerball
The jackpot for the Powerball draw on Wed Apr 23, 2025, is projected to be $151 Million, with an option for a cash payout of $69.3 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 Wed Apr 23, 2025
Draw DateWed Apr 23, 2025
Projected Jackpot$151,000,000
Cash Value$69,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$69,300,000
Federal Tax(24%)$16,632,000
Additional Federal Tax$8,969,330
State Tax(0%)$0
Net Lumpsum Payment$43,698,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,272,701 $801,230
$0
$1,471,471
2 $2,386,404 $843,300
$0
$1,543,104
3 $2,505,694 $887,437
$0
$1,618,257
4 $2,631,024 $933,809
$0
$1,697,215
5 $2,762,545 $982,472
$0
$1,780,073
6 $2,900,710 $1,033,593
$0
$1,867,117
7 $3,045,670 $1,087,228
$0
$1,958,442
8 $3,198,029 $1,143,601
$0
$2,054,428
9 $3,357,938 $1,202,767
$0
$2,155,171
10 $3,525,850 $1,264,895
$0
$2,260,955
11 $3,702,067 $1,330,095
$0
$2,371,972
12 $3,887,193 $1,398,592
$0
$2,488,601
13 $4,081,530 $1,470,496
$0
$2,611,034
14 $4,285,682 $1,546,033
$0
$2,739,649
15 $4,499,951 $1,625,312
$0
$2,874,639
16 $4,724,941 $1,708,559
$0
$3,016,382
17 $4,961,105 $1,795,939
$0
$3,165,166
18 $5,209,198 $1,887,734
$0
$3,321,464
19 $5,469,673 $1,984,109
$0
$3,485,564
20 $5,743,134 $2,085,290
$0
$3,657,844
21 $6,030,336 $2,191,555
$0
$3,838,781
22 $6,331,883 $2,303,127
$0
$4,028,756
23 $6,648,379 $2,420,231
$0
$4,228,148
24 $6,980,881 $2,543,256
$0
$4,437,625
25 $7,329,842 $2,672,372
$0
$4,657,470
26 $7,696,470 $2,808,024
$0
$4,888,446
27 $8,081,218 $2,950,381
$0
$5,130,837
28 $8,485,294 $3,099,889
$0
$5,385,405
29 $8,909,604 $3,256,884
$0
$5,652,720
30 $9,355,054 $3,421,700
$0
$5,933,354