South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Carolina MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(6.9%)	$4,685,100
Net Lumpsum Payment	$38,131,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$155,778	$1,306,211
2	$2,370,600	-$837,452 -$163,571	$1,369,577
3	$2,489,100	-$881,297 -$171,748	$1,436,055
4	$2,613,600	-$927,362 -$180,338	$1,505,900
5	$2,744,250	-$975,703 -$189,353	$1,579,194
6	$2,881,500	-$1,026,485 -$198,824	$1,656,191
7	$3,025,500	-$1,079,765 -$208,760	$1,736,975
8	$3,176,850	-$1,135,765 -$219,203	$1,821,882
9	$3,335,700	-$1,194,539 -$230,163	$1,910,998
10	$3,502,500	-$1,256,255 -$241,673	$2,004,572
11	$3,677,550	-$1,321,024 -$253,751	$2,102,775
12	$3,861,450	-$1,389,067 -$266,440	$2,205,943
13	$4,054,500	-$1,460,495 -$279,761	$2,314,244
14	$4,257,300	-$1,535,531 -$293,754	$2,428,015
15	$4,470,150	-$1,614,286 -$308,440	$2,547,424
16	$4,693,650	-$1,696,981 -$323,862	$2,672,807
17	$4,928,250	-$1,783,783 -$340,049	$2,804,418
18	$5,174,700	-$1,874,969 -$357,054	$2,942,677
19	$5,433,450	-$1,970,707 -$374,908	$3,087,835
20	$5,705,100	-$2,071,217 -$393,652	$3,240,231
21	$5,990,400	-$2,176,778 -$413,338	$3,400,284
22	$6,289,950	-$2,287,612 -$434,007	$3,568,331
23	$6,604,350	-$2,403,940 -$455,700	$3,744,710
24	$6,934,650	-$2,526,151 -$478,491	$3,930,008
25	$7,281,300	-$2,654,411 -$502,410	$4,124,479
26	$7,645,500	-$2,789,165 -$527,540	$4,328,795
27	$8,027,700	-$2,930,579 -$553,911	$4,543,210
28	$8,429,100	-$3,079,097 -$581,608	$4,768,395
29	$8,850,600	-$3,235,052 -$610,691	$5,004,857
30	$9,293,100	-$3,398,777 -$641,224	$5,253,099