South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(6.9%)	$4,816,200
Net Lumpsum Payment	$39,197,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$160,970	$1,348,430
2	$2,449,620	-$866,690 -$169,024	$1,413,906
3	$2,572,070	-$911,996 -$177,473	$1,482,601
4	$2,700,720	-$959,597 -$186,350	$1,554,773
5	$2,835,725	-$1,009,549 -$195,665	$1,630,511
6	$2,977,550	-$1,062,024 -$205,451	$1,710,075
7	$3,126,350	-$1,117,080 -$215,718	$1,793,552
8	$3,282,745	-$1,174,946 -$226,509	$1,881,290
9	$3,446,890	-$1,235,680 -$237,835	$1,973,375
10	$3,619,250	-$1,299,453 -$249,728	$2,070,069
11	$3,800,135	-$1,366,380 -$262,209	$2,171,546
12	$3,990,165	-$1,436,691 -$275,321	$2,278,153
13	$4,189,650	-$1,510,501 -$289,086	$2,390,063
14	$4,399,210	-$1,588,038 -$303,545	$2,507,627
15	$4,619,155	-$1,669,418 -$318,722	$2,631,015
16	$4,850,105	-$1,754,869 -$334,657	$2,760,579
17	$5,092,525	-$1,844,565 -$351,384	$2,896,576
18	$5,347,190	-$1,938,791 -$368,956	$3,039,443
19	$5,614,565	-$2,037,719 -$387,405	$3,189,441
20	$5,895,270	-$2,141,580 -$406,774	$3,346,916
21	$6,190,080	-$2,250,660 -$427,116	$3,512,304
22	$6,499,615	-$2,365,188 -$448,473	$3,685,954
23	$6,824,495	-$2,485,394 -$470,890	$3,868,211
24	$7,165,805	-$2,611,678 -$494,441	$4,059,686
25	$7,524,010	-$2,744,214 -$519,157	$4,260,639
26	$7,900,350	-$2,883,460 -$545,124	$4,471,766
27	$8,295,290	-$3,029,588 -$572,375	$4,693,327
28	$8,710,070	-$3,183,056 -$600,995	$4,926,019
29	$9,145,620	-$3,344,210 -$631,048	$5,170,362
30	$9,602,870	-$3,513,392 -$662,598	$5,426,880