South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 21, 2025 is estimated to be $308 Million, with a cash option of 137.7 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 Mon Jul 21, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 21, 2025	$308,000,000	$137,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$137,700,000
Federal Tax(24%)	$33,048,000
Additional Federal Tax	$17,861,330
State Tax(6.9%)	$9,501,300
Net Lumpsum Payment	$77,289,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,635,708	-$1,675,542 -$319,864	$2,640,302
2	$4,867,632	-$1,761,354 -$335,867	$2,770,411
3	$5,110,952	-$1,851,383 -$352,656	$2,906,913
4	$5,366,592	-$1,945,969 -$370,295	$3,050,328
5	$5,634,860	-$2,045,229 -$388,805	$3,200,826
6	$5,916,680	-$2,149,502 -$408,251	$3,358,927
7	$6,212,360	-$2,258,904 -$428,653	$3,524,803
8	$6,523,132	-$2,373,889 -$450,096	$3,699,147
9	$6,849,304	-$2,494,573 -$472,602	$3,882,129
10	$7,191,800	-$2,621,296 -$496,234	$4,074,270
11	$7,551,236	-$2,754,288 -$521,035	$4,275,913
12	$7,928,844	-$2,894,003 -$547,090	$4,487,751
13	$8,325,240	-$3,040,669 -$574,442	$4,710,129
14	$8,741,656	-$3,194,743 -$603,174	$4,943,739
15	$9,178,708	-$3,356,452 -$633,331	$5,188,925
16	$9,637,628	-$3,526,253 -$664,996	$5,446,379
17	$10,119,340	-$3,704,486 -$698,234	$5,716,620
18	$10,625,384	-$3,891,722 -$733,151	$6,000,511
19	$11,156,684	-$4,088,303 -$769,811	$6,298,570
20	$11,714,472	-$4,294,685 -$808,299	$6,611,488
21	$12,300,288	-$4,511,437 -$848,720	$6,940,131
22	$12,915,364	-$4,739,015 -$891,160	$7,285,189
23	$13,560,932	-$4,977,875 -$935,704	$7,647,353
24	$14,239,148	-$5,228,815 -$982,501	$8,027,832
25	$14,950,936	-$5,492,177 -$1,031,615	$8,427,144
26	$15,698,760	-$5,768,872 -$1,083,214	$8,846,674
27	$16,483,544	-$6,059,242 -$1,137,365	$9,286,937
28	$17,307,752	-$6,364,199 -$1,194,235	$9,749,318
29	$18,173,232	-$6,684,426 -$1,253,953	$10,234,853
30	$19,081,832	-$7,020,608 -$1,316,646	$10,744,578