South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(6.9%)	$7,852,200
Net Lumpsum Payment	$63,881,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$262,745	$2,175,904
2	$3,998,412	-$1,439,743 -$275,890	$2,282,779
3	$4,198,282	-$1,513,695 -$289,681	$2,394,906
4	$4,408,272	-$1,591,391 -$304,171	$2,512,710
5	$4,628,635	-$1,672,925 -$319,376	$2,636,334
6	$4,860,130	-$1,758,578 -$335,349	$2,766,203
7	$5,103,010	-$1,848,444 -$352,108	$2,902,458
8	$5,358,287	-$1,942,897 -$369,722	$3,045,668
9	$5,626,214	-$2,042,030 -$388,209	$3,195,975
10	$5,907,550	-$2,146,124 -$407,621	$3,353,805
11	$6,202,801	-$2,255,367 -$427,993	$3,519,441
12	$6,512,979	-$2,370,133 -$449,396	$3,693,450
13	$6,838,590	-$2,490,609 -$471,863	$3,876,118
14	$7,180,646	-$2,617,169 -$495,465	$4,068,012
15	$7,539,653	-$2,750,002 -$520,236	$4,269,415
16	$7,916,623	-$2,889,481 -$546,247	$4,480,895
17	$8,312,315	-$3,035,887 -$573,550	$4,702,878
18	$8,727,994	-$3,189,688 -$602,232	$4,936,074
19	$9,164,419	-$3,351,165 -$632,345	$5,180,909
20	$9,622,602	-$3,520,693 -$663,960	$5,437,949
21	$10,103,808	-$3,698,739 -$697,163	$5,707,906
22	$10,609,049	-$3,885,679 -$732,024	$5,991,346
23	$11,139,337	-$4,081,885 -$768,614	$6,288,838
24	$11,696,443	-$4,288,014 -$807,055	$6,601,374
25	$12,281,126	-$4,504,347 -$847,398	$6,929,381
26	$12,895,410	-$4,731,632 -$889,783	$7,273,995
27	$13,540,054	-$4,970,150 -$934,264	$7,635,640
28	$14,217,082	-$5,220,651 -$980,979	$8,015,452
29	$14,928,012	-$5,483,695 -$1,030,033	$8,414,284
30	$15,674,362	-$5,759,844 -$1,081,531	$8,832,987