South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 13, 2025 is estimated to be $526 Million, with a cash option of 241 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 Wed Aug 13, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 13, 2025	$526,000,000	$241,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$241,000,000
Federal Tax(24%)	$57,840,000
Additional Federal Tax	$31,290,330
State Tax(6.9%)	$16,629,000
Net Lumpsum Payment	$135,240,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,916,826	-$2,889,556 -$546,261	$4,481,009
2	$8,312,904	-$3,036,105 -$573,590	$4,703,209
3	$8,728,444	-$3,189,855 -$602,263	$4,936,326
4	$9,165,024	-$3,351,389 -$632,387	$5,181,248
5	$9,623,170	-$3,520,903 -$663,999	$5,438,268
6	$10,104,460	-$3,698,981 -$697,208	$5,708,271
7	$10,609,420	-$3,885,816 -$732,050	$5,991,554
8	$11,140,154	-$4,082,187 -$768,671	$6,289,296
9	$11,697,188	-$4,288,290 -$807,106	$6,601,792
10	$12,282,100	-$4,504,707 -$847,465	$6,929,928
11	$12,895,942	-$4,731,829 -$889,820	$7,274,293
12	$13,540,818	-$4,970,433 -$934,316	$7,636,069
13	$14,217,780	-$5,220,909 -$981,027	$8,015,844
14	$14,928,932	-$5,484,035 -$1,030,096	$8,414,801
15	$15,675,326	-$5,760,201 -$1,081,597	$8,833,528
16	$16,459,066	-$6,050,185 -$1,135,676	$9,273,205
17	$17,281,730	-$6,354,570 -$1,192,439	$9,734,721
18	$18,145,948	-$6,674,331 -$1,252,070	$10,219,547
19	$19,053,298	-$7,010,051 -$1,314,678	$10,728,569
20	$20,005,884	-$7,362,507 -$1,380,406	$11,262,971
21	$21,006,336	-$7,732,675 -$1,449,437	$11,824,224
22	$22,056,758	-$8,121,331 -$1,521,916	$12,413,511
23	$23,159,254	-$8,529,254 -$1,597,989	$13,032,011
24	$24,317,506	-$8,957,808 -$1,677,908	$13,681,790
25	$25,533,092	-$9,407,574 -$1,761,783	$14,363,735
26	$26,810,220	-$9,880,112 -$1,849,905	$15,080,203
27	$28,150,468	-$10,376,004 -$1,942,382	$15,832,082
28	$29,558,044	-$10,896,807 -$2,039,505	$16,621,732
29	$31,036,104	-$11,443,689 -$2,141,491	$17,450,924
30	$32,587,804	-$12,017,818 -$2,248,558	$18,321,428