South Dakota Lottery

SDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Nov 5, 2025 is estimated to be $438 Million, with a cash option of 207 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of South Dakota, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Dakota Powerball Jackpot/Cash Option for Wed Nov 5, 2025

Draw Date	Jackpot	Cash Option
Wed Nov 5, 2025	$438,000,000	$207,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$207,000,000
Federal Tax(24%)	$49,680,000
Additional Federal Tax	$26,870,330
State Tax(0%)	$0
Net Lumpsum Payment	$130,449,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$0	$4,192,843
2	$6,922,152	-$2,521,527 -$0	$4,400,625
3	$7,268,172	-$2,649,554 -$0	$4,618,618
4	$7,631,712	-$2,784,064 -$0	$4,847,648
5	$8,013,210	-$2,925,218 -$0	$5,087,992
6	$8,413,980	-$3,073,503 -$0	$5,340,477
7	$8,834,460	-$3,229,081 -$0	$5,605,379
8	$9,276,402	-$3,392,599 -$0	$5,883,803
9	$9,740,244	-$3,564,221 -$0	$6,176,023
10	$10,227,300	-$3,744,431 -$0	$6,482,869
11	$10,738,446	-$3,933,555 -$0	$6,804,891
12	$11,275,434	-$4,132,241 -$0	$7,143,193
13	$11,839,140	-$4,340,812 -$0	$7,498,328
14	$12,431,316	-$4,559,917 -$0	$7,871,399
15	$13,052,838	-$4,789,880 -$0	$8,262,958
16	$13,705,458	-$5,031,350 -$0	$8,674,108
17	$14,390,490	-$5,284,812 -$0	$9,105,678
18	$15,110,124	-$5,551,076 -$0	$9,559,048
19	$15,865,674	-$5,830,630 -$0	$10,035,044
20	$16,658,892	-$6,124,120 -$0	$10,534,772
21	$17,491,968	-$6,432,359 -$0	$11,059,609
22	$18,366,654	-$6,755,992 -$0	$11,610,662
23	$19,284,702	-$7,095,670 -$0	$12,189,032
24	$20,249,178	-$7,452,526 -$0	$12,796,652
25	$21,261,396	-$7,827,047 -$0	$13,434,349
26	$22,324,860	-$8,220,529 -$0	$14,104,331
27	$23,440,884	-$8,633,457 -$0	$14,807,427
28	$24,612,972	-$9,067,130 -$0	$15,545,842
29	$25,843,752	-$9,522,519 -$0	$16,321,233
30	$27,135,852	-$10,000,596 -$0	$17,135,256