South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 1, 2025 is estimated to be $50 Million, with a cash option of 22.4 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 Jul 1, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 1, 2025	$50,000,000	$22,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,400,000
Federal Tax(24%)	$5,376,000
Additional Federal Tax	$2,872,330
State Tax(6.9%)	$1,545,600
Net Lumpsum Payment	$12,606,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$51,926	$461,850
2	$790,200	-$252,704 -$54,524	$482,972
3	$829,700	-$267,319 -$57,249	$505,132
4	$871,200	-$282,674 -$60,113	$528,413
5	$914,750	-$298,788 -$63,118	$552,844
6	$960,500	-$315,715 -$66,275	$578,510
7	$1,008,500	-$333,475 -$69,587	$605,438
8	$1,058,950	-$352,142 -$73,068	$633,740
9	$1,111,900	-$371,733 -$76,721	$663,446
10	$1,167,500	-$392,305 -$80,558	$694,637
11	$1,225,850	-$413,895 -$84,584	$727,371
12	$1,287,150	-$436,576 -$88,813	$761,761
13	$1,351,500	-$460,385 -$93,254	$797,861
14	$1,419,100	-$485,397 -$97,918	$835,785
15	$1,490,050	-$511,649 -$102,813	$875,588
16	$1,564,550	-$539,214 -$107,954	$917,382
17	$1,642,750	-$568,148 -$113,350	$961,252
18	$1,724,900	-$598,543 -$119,018	$1,007,339
19	$1,811,150	-$630,456 -$124,969	$1,055,725
20	$1,901,700	-$663,959 -$131,217	$1,106,524
21	$1,996,800	-$699,146 -$137,779	$1,159,875
22	$2,096,650	-$736,091 -$144,669	$1,215,890
23	$2,201,450	-$774,867 -$151,900	$1,274,683
24	$2,311,550	-$815,604 -$159,497	$1,336,449
25	$2,427,100	-$858,357 -$167,470	$1,401,273
26	$2,548,500	-$903,275 -$175,847	$1,469,378
27	$2,675,900	-$950,413 -$184,637	$1,540,850
28	$2,809,700	-$999,919 -$193,869	$1,615,912
29	$2,950,200	-$1,051,904 -$203,564	$1,694,732
30	$3,097,700	-$1,106,479 -$213,741	$1,777,480