Jackpot Analysis South Dakota Powerball

Jackpot Analysis for South Dakota Powerball
The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025
Draw DateSat Aug 30, 2025
Projected Jackpot$950,000,000
Cash Value$428,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$428,900,000
Federal Tax(24%)$102,936,000
Additional Federal Tax$55,717,330
State Tax(0%)$0
Net Lumpsum Payment$270,246,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $14,298,450 $5,250,757
$0
$9,047,693
2 $15,013,800 $5,515,436
$0
$9,498,364
3 $15,764,300 $5,793,121
$0
$9,971,179
4 $16,552,800 $6,084,866
$0
$10,467,934
5 $17,380,250 $6,391,023
$0
$10,989,227
6 $18,249,500 $6,712,645
$0
$11,536,855
7 $19,161,500 $7,050,085
$0
$12,111,415
8 $20,120,050 $7,404,749
$0
$12,715,301
9 $21,126,100 $7,776,987
$0
$13,349,113
10 $22,182,500 $8,167,855
$0
$14,014,645
11 $23,291,150 $8,578,056
$0
$14,713,094
12 $24,455,850 $9,008,995
$0
$15,446,855
13 $25,678,500 $9,461,375
$0
$16,217,125
14 $26,962,900 $9,936,603
$0
$17,026,297
15 $28,310,950 $10,435,382
$0
$17,875,568
16 $29,726,450 $10,959,117
$0
$18,767,333
17 $31,212,250 $11,508,863
$0
$19,703,387
18 $32,773,100 $12,086,377
$0
$20,686,723
19 $34,411,850 $12,692,715
$0
$21,719,135
20 $36,132,300 $13,329,281
$0
$22,803,019
21 $37,939,200 $13,997,834
$0
$23,941,366
22 $39,836,350 $14,699,780
$0
$25,136,570
23 $41,827,550 $15,436,524
$0
$26,391,026
24 $43,919,450 $16,210,527
$0
$27,708,923
25 $46,114,900 $17,022,843
$0
$29,092,057
26 $48,421,500 $17,876,285
$0
$30,545,215
27 $50,842,100 $18,771,907
$0
$32,070,193
28 $53,384,300 $19,712,521
$0
$33,671,779
29 $56,053,800 $20,700,236
$0
$35,353,564
30 $58,856,300 $21,737,161
$0
$37,119,139