South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(6.9%)	$8,335,200
Net Lumpsum Payment	$67,808,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$267,938	$2,218,121
2	$4,077,432	-$1,468,980 -$281,343	$2,327,109
3	$4,281,252	-$1,544,394 -$295,406	$2,441,452
4	$4,495,392	-$1,623,625 -$310,182	$2,561,585
5	$4,720,110	-$1,706,771 -$325,688	$2,687,651
6	$4,956,180	-$1,794,117 -$341,976	$2,820,087
7	$5,203,860	-$1,885,759 -$359,066	$2,959,035
8	$5,464,182	-$1,982,078 -$377,029	$3,105,075
9	$5,737,404	-$2,083,170 -$395,881	$3,258,353
10	$6,024,300	-$2,189,321 -$415,677	$3,419,302
11	$6,325,386	-$2,300,723 -$436,452	$3,588,211
12	$6,641,694	-$2,417,757 -$458,277	$3,765,660
13	$6,973,740	-$2,540,614 -$481,188	$3,951,938
14	$7,322,556	-$2,669,676 -$505,256	$4,147,624
15	$7,688,658	-$2,805,134 -$530,517	$4,353,007
16	$8,073,078	-$2,947,369 -$557,042	$4,568,667
17	$8,476,590	-$3,096,669 -$584,885	$4,795,036
18	$8,900,484	-$3,253,509 -$614,133	$5,032,842
19	$9,345,534	-$3,418,178 -$644,842	$5,282,514
20	$9,812,772	-$3,591,056 -$677,081	$5,544,635
21	$10,303,488	-$3,772,621 -$710,941	$5,819,926
22	$10,818,714	-$3,963,255 -$746,491	$6,108,968
23	$11,359,482	-$4,163,339 -$783,804	$6,412,339
24	$11,927,598	-$4,373,542 -$823,004	$6,731,052
25	$12,523,836	-$4,594,150 -$864,145	$7,065,541
26	$13,150,260	-$4,825,927 -$907,368	$7,416,965
27	$13,807,644	-$5,069,159 -$952,727	$7,785,758
28	$14,498,052	-$5,324,610 -$1,000,366	$8,173,076
29	$15,223,032	-$5,592,852 -$1,050,389	$8,579,791
30	$15,984,132	-$5,874,459 -$1,102,905	$9,006,768