South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Fri Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(6.9%)	$18,257,400
Net Lumpsum Payment	$148,480,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$597,148	$4,894,746
2	$9,087,300	-$3,322,631 -$627,024	$5,137,645
3	$9,541,550	-$3,490,704 -$658,367	$5,392,479
4	$10,018,800	-$3,667,286 -$691,297	$5,660,217
5	$10,519,625	-$3,852,592 -$725,854	$5,941,179
6	$11,045,750	-$4,047,258 -$762,157	$6,236,335
7	$11,597,750	-$4,251,498 -$800,245	$6,546,007
8	$12,177,925	-$4,466,163 -$840,277	$6,871,485
9	$12,786,850	-$4,691,465 -$882,293	$7,213,092
10	$13,426,250	-$4,928,043 -$926,411	$7,571,796
11	$14,097,275	-$5,176,322 -$972,712	$7,948,241
12	$14,802,225	-$5,437,154 -$1,021,354	$8,343,717
13	$15,542,250	-$5,710,963 -$1,072,415	$8,758,872
14	$16,319,650	-$5,998,601 -$1,126,056	$9,194,993
15	$17,135,575	-$6,300,493 -$1,182,355	$9,652,727
16	$17,992,325	-$6,617,491 -$1,241,470	$10,133,364
17	$18,891,625	-$6,950,232 -$1,303,522	$10,637,871
18	$19,836,350	-$7,299,780 -$1,368,708	$11,167,862
19	$20,828,225	-$7,666,774 -$1,437,148	$11,724,303
20	$21,869,550	-$8,052,064 -$1,508,999	$12,308,487
21	$22,963,200	-$8,456,714 -$1,584,461	$12,922,025
22	$24,111,475	-$8,881,576 -$1,663,692	$13,566,207
23	$25,316,675	-$9,327,500 -$1,746,851	$14,242,324
24	$26,582,825	-$9,795,976 -$1,834,215	$14,952,634
25	$27,911,650	-$10,287,641 -$1,925,904	$15,698,105
26	$29,307,750	-$10,804,198 -$2,022,235	$16,481,317
27	$30,772,850	-$11,346,285 -$2,123,327	$17,303,238
28	$32,311,550	-$11,915,604 -$2,229,497	$18,166,449
29	$33,927,300	-$12,513,431 -$2,340,984	$19,072,885
30	$35,623,550	-$13,141,044 -$2,458,025	$20,024,481