South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 Million. If you win the MEGA Millions 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. Additionally, if you are a resident of South Carolina, your state will take 6.9% of 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 Carolina MEGA Millions Jackpot/Cash Option for Tue Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(6.9%)	$9,384,000
Net Lumpsum Payment	$76,335,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$313,633	$2,589,640
2	$4,772,808	-$1,726,269 -$329,324	$2,717,215
3	$5,011,388	-$1,814,544 -$345,786	$2,851,058
4	$5,262,048	-$1,907,288 -$363,081	$2,991,679
5	$5,525,090	-$2,004,614 -$381,231	$3,139,245
6	$5,801,420	-$2,106,856 -$400,298	$3,294,266
7	$6,091,340	-$2,214,126 -$420,302	$3,456,912
8	$6,396,058	-$2,326,872 -$441,328	$3,627,858
9	$6,715,876	-$2,445,205 -$463,395	$3,807,276
10	$7,051,700	-$2,569,459 -$486,567	$3,995,674
11	$7,404,134	-$2,699,860 -$510,885	$4,193,389
12	$7,774,386	-$2,836,853 -$536,433	$4,401,100
13	$8,163,060	-$2,980,663 -$563,251	$4,619,146
14	$8,571,364	-$3,131,735 -$591,424	$4,848,205
15	$8,999,902	-$3,290,294 -$620,993	$5,088,615
16	$9,449,882	-$3,456,787 -$652,042	$5,341,053
17	$9,922,210	-$3,631,548 -$684,632	$5,606,030
18	$10,418,396	-$3,815,137 -$718,869	$5,884,390
19	$10,939,346	-$4,007,888 -$754,815	$6,176,643
20	$11,486,268	-$4,210,250 -$792,552	$6,483,466
21	$12,060,672	-$4,422,779 -$832,186	$6,805,707
22	$12,663,766	-$4,645,924 -$873,800	$7,144,042
23	$13,296,758	-$4,880,131 -$917,476	$7,499,151
24	$13,961,762	-$5,126,182 -$963,362	$7,872,218
25	$14,659,684	-$5,384,413 -$1,011,518	$8,263,753
26	$15,392,940	-$5,655,718 -$1,062,113	$8,675,109
27	$16,162,436	-$5,940,432 -$1,115,208	$9,106,796
28	$16,970,588	-$6,239,448 -$1,170,971	$9,560,169
29	$17,819,208	-$6,553,437 -$1,229,525	$10,036,246
30	$18,710,108	-$6,883,070 -$1,290,997	$10,536,041