South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(6.9%)	$5,319,900
Net Lumpsum Payment	$43,292,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$174,471	$1,458,196
2	$2,655,072	-$942,707 -$183,200	$1,529,165
3	$2,787,792	-$991,813 -$192,358	$1,603,621
4	$2,927,232	-$1,043,406 -$201,979	$1,681,847
5	$3,073,560	-$1,097,548 -$212,076	$1,763,936
6	$3,227,280	-$1,154,424 -$222,682	$1,850,174
7	$3,388,560	-$1,214,098 -$233,811	$1,940,651
8	$3,558,072	-$1,276,817 -$245,507	$2,035,748
9	$3,735,984	-$1,342,644 -$257,783	$2,135,557
10	$3,922,800	-$1,411,766 -$270,673	$2,240,361
11	$4,118,856	-$1,484,307 -$284,201	$2,350,348
12	$4,324,824	-$1,560,515 -$298,413	$2,465,896
13	$4,541,040	-$1,640,515 -$313,332	$2,587,193
14	$4,768,176	-$1,724,556 -$329,004	$2,714,616
15	$5,006,568	-$1,812,761 -$345,453	$2,848,354
16	$5,256,888	-$1,905,379 -$362,725	$2,988,784
17	$5,519,640	-$2,002,597 -$380,855	$3,136,188
18	$5,795,664	-$2,104,726 -$399,901	$3,291,037
19	$6,085,464	-$2,211,952 -$419,897	$3,453,615
20	$6,389,712	-$2,324,524 -$440,890	$3,624,298
21	$6,709,248	-$2,442,752 -$462,938	$3,803,558
22	$7,044,744	-$2,566,886 -$486,087	$3,991,771
23	$7,396,872	-$2,697,173 -$510,384	$4,189,315
24	$7,766,808	-$2,834,049 -$535,910	$4,396,849
25	$8,155,056	-$2,977,701 -$562,699	$4,614,656
26	$8,562,960	-$3,128,626 -$590,844	$4,843,490
27	$8,991,024	-$3,287,009 -$620,381	$5,083,634
28	$9,440,592	-$3,453,349 -$651,401	$5,335,842
29	$9,912,672	-$3,628,019 -$683,974	$5,600,679
30	$10,408,272	-$3,811,391 -$718,171	$5,878,710