South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 10, 2025 is estimated to be $243 Million, with a cash option of 108 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 Jun 10, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 10, 2025	$243,000,000	$108,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$108,000,000
Federal Tax(24%)	$25,920,000
Additional Federal Tax	$14,000,330
State Tax(6.9%)	$7,452,000
Net Lumpsum Payment	$60,627,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,657,393	-$1,313,566 -$252,360	$2,091,467
2	$3,840,372	-$1,381,268 -$264,986	$2,194,118
3	$4,032,342	-$1,452,297 -$278,232	$2,301,813
4	$4,234,032	-$1,526,922 -$292,148	$2,414,962
5	$4,445,685	-$1,605,234 -$306,752	$2,533,699
6	$4,668,030	-$1,687,501 -$322,094	$2,658,435
7	$4,901,310	-$1,773,815 -$338,190	$2,789,305
8	$5,146,497	-$1,864,534 -$355,108	$2,926,855
9	$5,403,834	-$1,959,749 -$372,865	$3,071,220
10	$5,674,050	-$2,059,729 -$391,509	$3,222,812
11	$5,957,631	-$2,164,654 -$411,077	$3,381,900
12	$6,255,549	-$2,274,884 -$431,633	$3,549,032
13	$6,568,290	-$2,390,598 -$453,212	$3,724,480
14	$6,896,826	-$2,512,156 -$475,881	$3,908,789
15	$7,241,643	-$2,639,738 -$499,673	$4,102,232
16	$7,603,713	-$2,773,704 -$524,656	$4,305,353
17	$7,983,765	-$2,914,323 -$550,880	$4,518,562
18	$8,383,014	-$3,062,046 -$578,428	$4,742,540
19	$8,802,189	-$3,217,140 -$607,351	$4,977,698
20	$9,242,262	-$3,379,967 -$637,716	$5,224,579
21	$9,704,448	-$3,550,976 -$669,607	$5,483,865
22	$10,189,719	-$3,730,526 -$703,091	$5,756,102
23	$10,699,047	-$3,918,978 -$738,234	$6,041,835
24	$11,234,133	-$4,116,960 -$775,155	$6,342,018
25	$11,795,706	-$4,324,742 -$813,904	$6,657,060
26	$12,385,710	-$4,543,043 -$854,614	$6,988,053
27	$13,004,874	-$4,772,134 -$897,336	$7,335,404
28	$13,655,142	-$5,012,733 -$942,205	$7,700,204
29	$14,337,972	-$5,265,380 -$989,320	$8,083,272
30	$15,054,822	-$5,530,615 -$1,038,783	$8,485,424