South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Mon Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(6.9%)	$2,808,300
Net Lumpsum Payment	$22,872,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$93,467	$799,594
2	$1,422,360	-$486,604 -$98,143	$837,613
3	$1,493,460	-$512,911 -$103,049	$877,500
4	$1,568,160	-$540,550 -$108,203	$919,407
5	$1,646,550	-$569,554 -$113,612	$963,384
6	$1,728,900	-$600,023 -$119,294	$1,009,583
7	$1,815,300	-$631,991 -$125,256	$1,058,053
8	$1,906,110	-$665,591 -$131,522	$1,108,997
9	$2,001,420	-$700,856 -$138,098	$1,162,466
10	$2,101,500	-$737,885 -$145,004	$1,218,611
11	$2,206,530	-$776,746 -$152,251	$1,277,533
12	$2,316,870	-$817,572 -$159,864	$1,339,434
13	$2,432,700	-$860,429 -$167,856	$1,404,415
14	$2,554,380	-$905,451 -$176,252	$1,472,677
15	$2,682,090	-$952,704 -$185,064	$1,544,322
16	$2,816,190	-$1,002,321 -$194,317	$1,619,552
17	$2,956,950	-$1,054,402 -$204,030	$1,698,518
18	$3,104,820	-$1,109,114 -$214,233	$1,781,473
19	$3,260,070	-$1,166,556 -$224,945	$1,868,569
20	$3,423,060	-$1,226,863 -$236,191	$1,960,006
21	$3,594,240	-$1,290,199 -$248,003	$2,056,038
22	$3,773,970	-$1,356,699 -$260,404	$2,156,867
23	$3,962,610	-$1,426,496 -$273,420	$2,262,694
24	$4,160,790	-$1,499,823 -$287,095	$2,373,872
25	$4,368,780	-$1,576,779 -$301,446	$2,490,555
26	$4,587,300	-$1,657,631 -$316,524	$2,613,145
27	$4,816,620	-$1,742,480 -$332,347	$2,741,793
28	$5,057,460	-$1,831,591 -$348,965	$2,876,904
29	$5,310,360	-$1,925,164 -$366,415	$3,018,781
30	$5,575,860	-$2,023,399 -$384,734	$3,167,727