South Dakota Lottery

SDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 6, 2025 is estimated to be $449 Million, with a cash option of 203.9 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 Aug 6, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 6, 2025	$449,000,000	$203,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,900,000
Federal Tax(24%)	$48,936,000
Additional Federal Tax	$26,467,330
State Tax(0%)	$0
Net Lumpsum Payment	$128,496,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,757,899	-$2,460,753 -$0	$4,297,146
2	$7,095,996	-$2,585,849 -$0	$4,510,147
3	$7,450,706	-$2,717,092 -$0	$4,733,614
4	$7,823,376	-$2,854,980 -$0	$4,968,396
5	$8,214,455	-$2,999,679 -$0	$5,214,776
6	$8,625,290	-$3,151,688 -$0	$5,473,602
7	$9,056,330	-$3,311,172 -$0	$5,745,158
8	$9,509,371	-$3,478,798 -$0	$6,030,573
9	$9,984,862	-$3,654,729 -$0	$6,330,133
10	$10,484,150	-$3,839,466 -$0	$6,644,684
11	$11,008,133	-$4,033,340 -$0	$6,974,793
12	$11,558,607	-$4,237,015 -$0	$7,321,592
13	$12,136,470	-$4,450,824 -$0	$7,685,646
14	$12,743,518	-$4,675,432 -$0	$8,068,086
15	$13,380,649	-$4,911,171 -$0	$8,469,478
16	$14,049,659	-$5,158,704 -$0	$8,890,955
17	$14,751,895	-$5,418,532 -$0	$9,333,363
18	$15,489,602	-$5,691,483 -$0	$9,798,119
19	$16,264,127	-$5,978,057 -$0	$10,286,070
20	$17,077,266	-$6,278,919 -$0	$10,798,347
21	$17,931,264	-$6,594,898 -$0	$11,336,366
22	$18,827,917	-$6,926,660 -$0	$11,901,257
23	$19,769,021	-$7,274,868 -$0	$12,494,153
24	$20,757,719	-$7,640,686 -$0	$13,117,033
25	$21,795,358	-$8,024,613 -$0	$13,770,745
26	$22,885,530	-$8,427,976 -$0	$14,457,554
27	$24,029,582	-$8,851,276 -$0	$15,178,306
28	$25,231,106	-$9,295,840 -$0	$15,935,266
29	$26,492,796	-$9,762,665 -$0	$16,730,131
30	$27,817,346	-$10,252,748 -$0	$17,564,598