South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(6.9%)	$34,389,600
Net Lumpsum Payment	$279,642,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$1,142,371	$9,327,642
2	$17,384,400	-$6,392,558 -$1,199,524	$9,792,318
3	$18,253,400	-$6,714,088 -$1,259,485	$10,279,827
4	$19,166,400	-$7,051,898 -$1,322,482	$10,792,020
5	$20,124,500	-$7,406,395 -$1,388,591	$11,329,514
6	$21,131,000	-$7,778,800 -$1,458,039	$11,894,161
7	$22,187,000	-$8,169,520 -$1,530,903	$12,486,577
8	$23,296,900	-$8,580,183 -$1,607,486	$13,109,231
9	$24,461,800	-$9,011,196 -$1,687,864	$13,762,740
10	$25,685,000	-$9,463,780 -$1,772,265	$14,448,955
11	$26,968,700	-$9,938,749 -$1,860,840	$15,169,111
12	$28,317,300	-$10,437,731 -$1,953,894	$15,925,675
13	$29,733,000	-$10,961,540 -$2,051,577	$16,719,883
14	$31,220,200	-$11,511,804 -$2,154,194	$17,554,202
15	$32,781,100	-$12,089,337 -$2,261,896	$18,429,867
16	$34,420,100	-$12,695,767 -$2,374,987	$19,349,346
17	$36,140,500	-$13,332,315 -$2,493,695	$20,314,490
18	$37,947,800	-$14,001,016 -$2,618,398	$21,328,386
19	$39,845,300	-$14,703,091 -$2,749,326	$22,392,883
20	$41,837,400	-$15,440,168 -$2,886,781	$23,510,451
21	$43,929,600	-$16,214,282 -$3,031,142	$24,684,176
22	$46,126,300	-$17,027,061 -$3,182,715	$25,916,524
23	$48,431,900	-$17,880,133 -$3,341,801	$27,209,966
24	$50,854,100	-$18,776,347 -$3,508,933	$28,568,820
25	$53,396,200	-$19,716,924 -$3,684,338	$29,994,938
26	$56,067,000	-$20,705,120 -$3,868,623	$31,493,257
27	$58,869,800	-$21,742,156 -$4,062,016	$33,065,628
28	$61,813,400	-$22,831,288 -$4,265,125	$34,716,987
29	$64,904,400	-$23,974,958 -$4,478,404	$36,451,038
30	$68,149,400	-$25,175,608 -$4,702,309	$38,271,483