South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(6.9%)	$20,920,800
Net Lumpsum Payment	$170,134,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$679,191	$5,561,792
2	$10,335,816	-$3,784,582 -$713,171	$5,838,063
3	$10,852,476	-$3,975,747 -$748,821	$6,127,908
4	$11,395,296	-$4,176,590 -$786,275	$6,432,431
5	$11,964,930	-$4,387,354 -$825,580	$6,751,996
6	$12,563,340	-$4,608,766 -$866,870	$7,087,704
7	$13,191,180	-$4,841,067 -$910,191	$7,439,922
8	$13,851,066	-$5,085,225 -$955,724	$7,810,117
9	$14,543,652	-$5,341,482 -$1,003,512	$8,198,658
10	$15,270,900	-$5,610,563 -$1,053,692	$8,606,645
11	$16,034,118	-$5,892,954 -$1,106,354	$9,034,810
12	$16,835,922	-$6,189,622 -$1,161,679	$9,484,621
13	$17,677,620	-$6,501,050 -$1,219,756	$9,956,814
14	$18,561,828	-$6,828,207 -$1,280,766	$10,452,855
15	$19,489,854	-$7,171,576 -$1,344,800	$10,973,478
16	$20,464,314	-$7,532,127 -$1,412,038	$11,520,149
17	$21,487,170	-$7,910,583 -$1,482,615	$12,093,972
18	$22,561,692	-$8,308,156 -$1,556,757	$12,696,779
19	$23,689,842	-$8,725,572 -$1,634,599	$13,329,671
20	$24,874,236	-$9,163,798 -$1,716,322	$13,994,116
21	$26,118,144	-$9,624,044 -$1,802,152	$14,691,948
22	$27,424,182	-$10,107,278 -$1,892,269	$15,424,635
23	$28,794,966	-$10,614,468 -$1,986,853	$16,193,645
24	$30,235,074	-$11,147,308 -$2,086,220	$17,001,546
25	$31,746,468	-$11,706,524 -$2,190,506	$17,849,438
26	$33,334,380	-$12,294,051 -$2,300,072	$18,740,257
27	$35,000,772	-$12,910,616 -$2,415,053	$19,675,103
28	$36,750,876	-$13,558,155 -$2,535,810	$20,656,911
29	$38,588,616	-$14,238,118 -$2,662,615	$21,687,883
30	$40,517,916	-$14,951,959 -$2,795,736	$22,770,221