South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(6.9%)	$1,856,100
Net Lumpsum Payment	$15,130,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$62,311	$546,286
2	$948,240	-$311,179 -$65,429	$571,632
3	$995,640	-$328,717 -$68,699	$598,224
4	$1,045,440	-$347,143 -$72,135	$626,162
5	$1,097,700	-$366,479 -$75,741	$655,480
6	$1,152,600	-$386,792 -$79,529	$686,279
7	$1,210,200	-$408,104 -$83,504	$718,592
8	$1,270,740	-$430,504 -$87,681	$752,555
9	$1,334,280	-$454,014 -$92,065	$788,201
10	$1,401,000	-$478,700 -$96,669	$825,631
11	$1,471,020	-$504,608 -$101,500	$864,912
12	$1,544,580	-$531,825 -$106,576	$906,179
13	$1,621,800	-$560,396 -$111,904	$949,500
14	$1,702,920	-$590,411 -$117,501	$995,008
15	$1,788,060	-$621,913 -$123,376	$1,042,771
16	$1,877,460	-$654,991 -$129,545	$1,092,924
17	$1,971,300	-$689,711 -$136,020	$1,145,569
18	$2,069,880	-$726,186 -$142,822	$1,200,872
19	$2,173,380	-$764,481 -$149,963	$1,258,936
20	$2,282,040	-$804,685 -$157,461	$1,319,894
21	$2,396,160	-$846,910 -$165,335	$1,383,915
22	$2,515,980	-$891,243 -$173,603	$1,451,134
23	$2,641,740	-$937,774 -$182,280	$1,521,686
24	$2,773,860	-$986,659 -$191,396	$1,595,805
25	$2,912,520	-$1,037,963 -$200,964	$1,673,593
26	$3,058,200	-$1,091,864 -$211,016	$1,755,320
27	$3,211,080	-$1,148,430 -$221,565	$1,841,085
28	$3,371,640	-$1,207,837 -$232,643	$1,931,160
29	$3,540,240	-$1,270,219 -$244,277	$2,025,744
30	$3,717,240	-$1,335,709 -$256,490	$2,125,041