The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $72,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$0 |
$2,486,059 |
| 2 |
$4,077,432 |
$1,468,980
$0 |
$2,608,452 |
| 3 |
$4,281,252 |
$1,544,394
$0 |
$2,736,858 |
| 4 |
$4,495,392 |
$1,623,625
$0 |
$2,871,767 |
| 5 |
$4,720,110 |
$1,706,771
$0 |
$3,013,339 |
| 6 |
$4,956,180 |
$1,794,117
$0 |
$3,162,063 |
| 7 |
$5,203,860 |
$1,885,759
$0 |
$3,318,101 |
| 8 |
$5,464,182 |
$1,982,078
$0 |
$3,482,104 |
| 9 |
$5,737,404 |
$2,083,170
$0 |
$3,654,234 |
| 10 |
$6,024,300 |
$2,189,321
$0 |
$3,834,979 |
| 11 |
$6,325,386 |
$2,300,723
$0 |
$4,024,663 |
| 12 |
$6,641,694 |
$2,417,757
$0 |
$4,223,937 |
| 13 |
$6,973,740 |
$2,540,614
$0 |
$4,433,126 |
| 14 |
$7,322,556 |
$2,669,676
$0 |
$4,652,880 |
| 15 |
$7,688,658 |
$2,805,134
$0 |
$4,883,524 |
| 16 |
$8,073,078 |
$2,947,369
$0 |
$5,125,709 |
| 17 |
$8,476,590 |
$3,096,669
$0 |
$5,379,921 |
| 18 |
$8,900,484 |
$3,253,509
$0 |
$5,646,975 |
| 19 |
$9,345,534 |
$3,418,178
$0 |
$5,927,356 |
| 20 |
$9,812,772 |
$3,591,056
$0 |
$6,221,716 |
| 21 |
$10,303,488 |
$3,772,621
$0 |
$6,530,867 |
| 22 |
$10,818,714 |
$3,963,255
$0 |
$6,855,459 |
| 23 |
$11,359,482 |
$4,163,339
$0 |
$7,196,143 |
| 24 |
$11,927,598 |
$4,373,542
$0 |
$7,554,056 |
| 25 |
$12,523,836 |
$4,594,150
$0 |
$7,929,686 |
| 26 |
$13,150,260 |
$4,825,927
$0 |
$8,324,333 |
| 27 |
$13,807,644 |
$5,069,159
$0 |
$8,738,485 |
| 28 |
$14,498,052 |
$5,324,610
$0 |
$9,173,442 |
| 29 |
$15,223,032 |
$5,592,852
$0 |
$9,630,180 |
| 30 |
$15,984,132 |
$5,874,459
$0 |
$10,109,673 |
|
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