South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Carolina Powerball Jackpot/Cash Option for Sat Jun 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(6.9%)	$1,359,300
Net Lumpsum Payment	$11,091,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$45,695	$411,188
2	$695,376	-$217,620 -$47,981	$429,775
3	$730,136	-$230,481 -$50,379	$449,276
4	$766,656	-$243,993 -$52,899	$469,764
5	$804,980	-$258,173 -$55,544	$491,263
6	$845,240	-$273,069 -$58,322	$513,849
7	$887,480	-$288,698 -$61,236	$537,546
8	$931,876	-$305,125 -$64,299	$562,452
9	$978,472	-$322,365 -$67,515	$588,592
10	$1,027,400	-$340,468 -$70,891	$616,041
11	$1,078,748	-$359,467 -$74,434	$644,847
12	$1,132,692	-$379,426 -$78,156	$675,110
13	$1,189,320	-$400,379 -$82,063	$706,878
14	$1,248,808	-$422,389 -$86,168	$740,251
15	$1,311,244	-$445,491 -$90,476	$775,277
16	$1,376,804	-$469,748 -$94,999	$812,057
17	$1,445,620	-$495,210 -$99,748	$850,662
18	$1,517,912	-$521,958 -$104,736	$891,218
19	$1,593,812	-$550,041 -$109,973	$933,798
20	$1,673,496	-$579,524 -$115,471	$978,501
21	$1,757,184	-$610,488 -$121,246	$1,025,450
22	$1,845,052	-$643,000 -$127,309	$1,074,743
23	$1,937,276	-$677,123 -$133,672	$1,126,481
24	$2,034,164	-$712,971 -$140,357	$1,180,836
25	$2,135,848	-$750,594 -$147,374	$1,237,880
26	$2,242,680	-$790,122 -$154,745	$1,297,813
27	$2,354,792	-$831,603 -$162,481	$1,360,708
28	$2,472,536	-$875,169 -$170,605	$1,426,762
29	$2,596,176	-$920,916 -$179,136	$1,496,124
30	$2,725,976	-$968,942 -$188,092	$1,568,942