South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(6.9%)	$19,126,800
Net Lumpsum Payment	$155,548,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$623,111	$5,105,837
2	$9,482,400	-$3,468,818 -$654,286	$5,359,296
3	$9,956,400	-$3,644,198 -$686,992	$5,625,210
4	$10,454,400	-$3,828,458 -$721,354	$5,904,588
5	$10,977,000	-$4,021,820 -$757,413	$6,197,767
6	$11,526,000	-$4,224,950 -$795,294	$6,505,756
7	$12,102,000	-$4,438,070 -$835,038	$6,828,892
8	$12,707,400	-$4,662,068 -$876,811	$7,168,521
9	$13,342,800	-$4,897,166 -$920,653	$7,524,981
10	$14,010,000	-$5,144,030 -$966,690	$7,899,280
11	$14,710,200	-$5,403,104 -$1,015,004	$8,292,092
12	$15,445,800	-$5,675,276 -$1,065,760	$8,704,764
13	$16,218,000	-$5,960,990 -$1,119,042	$9,137,968
14	$17,029,200	-$6,261,134 -$1,175,015	$9,593,051
15	$17,880,600	-$6,576,152 -$1,233,761	$10,070,687
16	$18,774,600	-$6,906,932 -$1,295,447	$10,572,221
17	$19,713,000	-$7,254,140 -$1,360,197	$11,098,663
18	$20,698,800	-$7,618,886 -$1,428,217	$11,651,697
19	$21,733,800	-$8,001,836 -$1,499,632	$12,232,332
20	$22,820,400	-$8,403,878 -$1,574,608	$12,841,914
21	$23,961,600	-$8,826,122 -$1,653,350	$13,482,128
22	$25,159,800	-$9,269,456 -$1,736,026	$14,154,318
23	$26,417,400	-$9,734,768 -$1,822,801	$14,859,831
24	$27,738,600	-$10,223,612 -$1,913,963	$15,601,025
25	$29,125,200	-$10,736,654 -$2,009,639	$16,378,907
26	$30,582,000	-$11,275,670 -$2,110,158	$17,196,172
27	$32,110,800	-$11,841,326 -$2,215,645	$18,053,829
28	$33,716,400	-$12,435,398 -$2,326,432	$18,954,570
29	$35,402,400	-$13,059,218 -$2,442,766	$19,900,416
30	$37,172,400	-$13,714,118 -$2,564,896	$20,893,386