South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(6.9%)	$2,497,800
Net Lumpsum Payment	$20,347,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$83,082	$715,158
2	$1,264,320	-$428,129 -$87,238	$748,953
3	$1,327,520	-$451,513 -$91,599	$784,408
4	$1,393,920	-$476,081 -$96,180	$821,659
5	$1,463,600	-$501,862 -$100,988	$860,750
6	$1,536,800	-$528,946 -$106,039	$901,815
7	$1,613,600	-$557,362 -$111,338	$944,900
8	$1,694,320	-$587,229 -$116,908	$990,183
9	$1,779,040	-$618,575 -$122,754	$1,037,711
10	$1,868,000	-$651,490 -$128,892	$1,087,618
11	$1,961,360	-$686,034 -$135,334	$1,139,992
12	$2,059,440	-$722,323 -$142,101	$1,195,016
13	$2,162,400	-$760,418 -$149,206	$1,252,776
14	$2,270,560	-$800,438 -$156,669	$1,313,453
15	$2,384,080	-$842,440 -$164,502	$1,377,138
16	$2,503,280	-$886,544 -$172,726	$1,444,010
17	$2,628,400	-$932,838 -$181,360	$1,514,202
18	$2,759,840	-$981,471 -$190,429	$1,587,940
19	$2,897,840	-$1,032,531 -$199,951	$1,665,358
20	$3,042,720	-$1,086,137 -$209,948	$1,746,635
21	$3,194,880	-$1,142,436 -$220,447	$1,831,997
22	$3,354,640	-$1,201,547 -$231,470	$1,921,623
23	$3,522,320	-$1,263,589 -$243,040	$2,015,691
24	$3,698,480	-$1,328,768 -$255,195	$2,114,517
25	$3,883,360	-$1,397,174 -$267,952	$2,218,234
26	$4,077,600	-$1,469,042 -$281,354	$2,327,204
27	$4,281,440	-$1,544,463 -$295,419	$2,441,558
28	$4,495,520	-$1,623,673 -$310,191	$2,561,656
29	$4,720,320	-$1,706,849 -$325,702	$2,687,769
30	$4,956,320	-$1,794,169 -$341,986	$2,820,165