South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 11, 2025 is estimated to be $244 Million, with a cash option of 114.2 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 Oct 11, 2025

Draw Date	Jackpot	Cash Option
Sat Oct 11, 2025	$244,000,000	$114,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$114,200,000
Federal Tax(24%)	$27,408,000
Additional Federal Tax	$14,806,330
State Tax(6.9%)	$7,879,800
Net Lumpsum Payment	$64,105,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,672,444	-$1,319,135 -$253,399	$2,099,910
2	$3,856,176	-$1,387,116 -$266,076	$2,202,984
3	$4,048,936	-$1,458,437 -$279,377	$2,311,122
4	$4,251,456	-$1,533,369 -$293,350	$2,424,737
5	$4,463,980	-$1,612,003 -$308,015	$2,543,962
6	$4,687,240	-$1,694,609 -$323,420	$2,669,211
7	$4,921,480	-$1,781,278 -$339,582	$2,800,620
8	$5,167,676	-$1,872,371 -$356,570	$2,938,735
9	$5,426,072	-$1,967,977 -$374,399	$3,083,696
10	$5,697,400	-$2,068,368 -$393,121	$3,235,911
11	$5,982,148	-$2,173,725 -$412,768	$3,395,655
12	$6,281,292	-$2,284,408 -$433,409	$3,563,475
13	$6,595,320	-$2,400,599 -$455,077	$3,739,644
14	$6,925,208	-$2,522,657 -$477,839	$3,924,712
15	$7,271,444	-$2,650,765 -$501,730	$4,118,949
16	$7,635,004	-$2,785,282 -$526,815	$4,322,907
17	$8,016,620	-$2,926,480 -$553,147	$4,536,993
18	$8,417,512	-$3,074,810 -$580,808	$4,761,894
19	$8,838,412	-$3,230,543 -$609,850	$4,998,019
20	$9,280,296	-$3,394,040 -$640,340	$5,245,916
21	$9,744,384	-$3,565,752 -$672,362	$5,506,270
22	$10,231,652	-$3,746,042 -$705,984	$5,779,626
23	$10,743,076	-$3,935,269 -$741,272	$6,066,535
24	$11,280,364	-$4,134,065 -$778,345	$6,367,954
25	$11,844,248	-$4,342,702 -$817,253	$6,684,293
26	$12,436,680	-$4,561,902 -$858,131	$7,016,647
27	$13,058,392	-$4,791,935 -$901,029	$7,365,428
28	$13,711,336	-$5,033,525 -$946,082	$7,731,729
29	$14,396,976	-$5,287,212 -$993,391	$8,116,373
30	$15,116,776	-$5,553,538 -$1,043,058	$8,520,180