South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(6.9%)	$13,351,500
Net Lumpsum Payment	$108,593,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$442,409	$3,636,648
2	$6,732,504	-$2,451,357 -$464,543	$3,816,604
3	$7,069,044	-$2,575,877 -$487,764	$4,005,403
4	$7,422,624	-$2,706,701 -$512,161	$4,203,762
5	$7,793,670	-$2,843,988 -$537,763	$4,411,919
6	$8,183,460	-$2,988,211 -$564,659	$4,630,590
7	$8,592,420	-$3,139,526 -$592,877	$4,860,017
8	$9,022,254	-$3,298,564 -$622,536	$5,101,154
9	$9,473,388	-$3,465,484 -$653,664	$5,354,240
10	$9,947,100	-$3,640,757 -$686,350	$5,619,993
11	$10,444,242	-$3,824,700 -$720,653	$5,898,889
12	$10,966,518	-$4,017,942 -$756,690	$6,191,886
13	$11,514,780	-$4,220,799 -$794,520	$6,499,461
14	$12,090,732	-$4,433,901 -$834,261	$6,822,570
15	$12,695,226	-$4,657,564 -$875,971	$7,161,691
16	$13,329,966	-$4,892,418 -$919,768	$7,517,780
17	$13,996,230	-$5,138,935 -$965,740	$7,891,555
18	$14,696,148	-$5,397,905 -$1,014,034	$8,284,209
19	$15,430,998	-$5,669,800 -$1,064,739	$8,696,459
20	$16,202,484	-$5,955,249 -$1,117,971	$9,129,264
21	$17,012,736	-$6,255,043 -$1,173,879	$9,583,814
22	$17,863,458	-$6,569,810 -$1,232,579	$10,061,069
23	$18,756,354	-$6,900,181 -$1,294,188	$10,561,985
24	$19,694,406	-$7,247,261 -$1,358,914	$11,088,231
25	$20,678,892	-$7,611,520 -$1,426,844	$11,640,528
26	$21,713,220	-$7,994,222 -$1,498,212	$12,220,786
27	$22,798,668	-$8,395,838 -$1,573,108	$12,829,722
28	$23,938,644	-$8,817,629 -$1,651,766	$13,469,249
29	$25,135,704	-$9,260,541 -$1,734,364	$14,140,799
30	$26,392,404	-$9,725,520 -$1,821,076	$14,845,808