South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(6.9%)	$25,647,300
Net Lumpsum Payment	$208,563,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$830,815	$6,794,559
2	$12,643,200	-$4,638,314 -$872,381	$7,132,505
3	$13,275,200	-$4,872,154 -$915,989	$7,487,057
4	$13,939,200	-$5,117,834 -$961,805	$7,859,561
5	$14,636,000	-$5,375,650 -$1,009,884	$8,250,466
6	$15,368,000	-$5,646,490 -$1,060,392	$8,661,118
7	$16,136,000	-$5,930,650 -$1,113,384	$9,091,966
8	$16,943,200	-$6,229,314 -$1,169,081	$9,544,805
9	$17,790,400	-$6,542,778 -$1,227,538	$10,020,084
10	$18,680,000	-$6,871,930 -$1,288,920	$10,519,150
11	$19,613,600	-$7,217,362 -$1,353,338	$11,042,900
12	$20,594,400	-$7,580,258 -$1,421,014	$11,593,128
13	$21,624,000	-$7,961,210 -$1,492,056	$12,170,734
14	$22,705,600	-$8,361,402 -$1,566,686	$12,777,512
15	$23,840,800	-$8,781,426 -$1,645,015	$13,414,359
16	$25,032,800	-$9,222,466 -$1,727,263	$14,083,071
17	$26,284,000	-$9,685,410 -$1,813,596	$14,784,994
18	$27,598,400	-$10,171,738 -$1,904,290	$15,522,372
19	$28,978,400	-$10,682,338 -$1,999,510	$16,296,552
20	$30,427,200	-$11,218,394 -$2,099,477	$17,109,329
21	$31,948,800	-$11,781,386 -$2,204,467	$17,962,947
22	$33,546,400	-$12,372,498 -$2,314,702	$18,859,200
23	$35,223,200	-$12,992,914 -$2,430,401	$19,799,885
24	$36,984,800	-$13,644,706 -$2,551,951	$20,788,143
25	$38,833,600	-$14,328,762 -$2,679,518	$21,825,320
26	$40,776,000	-$15,047,450 -$2,813,544	$22,915,006
27	$42,814,400	-$15,801,658 -$2,954,194	$24,058,548
28	$44,955,200	-$16,593,754 -$3,101,909	$25,259,537
29	$47,203,200	-$17,425,514 -$3,257,021	$26,520,665
30	$49,563,200	-$18,298,714 -$3,419,861	$27,844,625