The jackpot for the Powerball draw on Sat Sep 12, 2026, is projected to be $232 Million, with an option for a cash payout of $100 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 Sep 12, 2026 |
|---|
| Draw Date | Sat Sep 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $100,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,000,000 | | Federal Tax(24%) | $24,000,000 | | Additional Federal Tax | $12,960,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $63,039,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$0 |
$2,239,524 |
| 2 |
$3,666,528 |
$1,316,946
$0 |
$2,349,582 |
| 3 |
$3,849,808 |
$1,384,759
$0 |
$2,465,049 |
| 4 |
$4,042,368 |
$1,456,007
$0 |
$2,586,361 |
| 5 |
$4,244,440 |
$1,530,773
$0 |
$2,713,667 |
| 6 |
$4,456,720 |
$1,609,317
$0 |
$2,847,403 |
| 7 |
$4,679,440 |
$1,691,723
$0 |
$2,987,717 |
| 8 |
$4,913,528 |
$1,778,336
$0 |
$3,135,192 |
| 9 |
$5,159,216 |
$1,869,240
$0 |
$3,289,976 |
| 10 |
$5,417,200 |
$1,964,694
$0 |
$3,452,506 |
| 11 |
$5,687,944 |
$2,064,870
$0 |
$3,623,074 |
| 12 |
$5,972,376 |
$2,170,110
$0 |
$3,802,266 |
| 13 |
$6,270,960 |
$2,280,586
$0 |
$3,990,374 |
| 14 |
$6,584,624 |
$2,396,641
$0 |
$4,187,983 |
| 15 |
$6,913,832 |
$2,518,448
$0 |
$4,395,384 |
| 16 |
$7,259,512 |
$2,646,350
$0 |
$4,613,162 |
| 17 |
$7,622,360 |
$2,780,604
$0 |
$4,841,756 |
| 18 |
$8,003,536 |
$2,921,639
$0 |
$5,081,897 |
| 19 |
$8,403,736 |
$3,069,713
$0 |
$5,334,023 |
| 20 |
$8,823,888 |
$3,225,169
$0 |
$5,598,719 |
| 21 |
$9,265,152 |
$3,388,437
$0 |
$5,876,715 |
| 22 |
$9,728,456 |
$3,559,859
$0 |
$6,168,597 |
| 23 |
$10,214,728 |
$3,739,780
$0 |
$6,474,948 |
| 24 |
$10,725,592 |
$3,928,799
$0 |
$6,796,793 |
| 25 |
$11,261,744 |
$4,127,176
$0 |
$7,134,568 |
| 26 |
$11,825,040 |
$4,335,595
$0 |
$7,489,445 |
| 27 |
$12,416,176 |
$4,554,316
$0 |
$7,861,860 |
| 28 |
$13,037,008 |
$4,784,023
$0 |
$8,252,985 |
| 29 |
$13,688,928 |
$5,025,234
$0 |
$8,663,694 |
| 30 |
$14,373,328 |
$5,278,462
$0 |
$9,094,866 |
|
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