South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(6.9%)	$13,662,000
Net Lumpsum Payment	$111,117,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$435,139	$3,577,543
2	$6,621,876	-$2,410,425 -$456,909	$3,754,542
3	$6,952,886	-$2,532,898 -$479,749	$3,940,239
4	$7,300,656	-$2,661,573 -$503,745	$4,135,338
5	$7,665,605	-$2,796,604 -$528,927	$4,340,074
6	$8,048,990	-$2,938,457 -$555,380	$4,555,153
7	$8,451,230	-$3,087,285 -$583,135	$4,780,810
8	$8,874,001	-$3,243,711 -$612,306	$5,017,984
9	$9,317,722	-$3,407,888 -$642,923	$5,266,911
10	$9,783,650	-$3,580,281 -$675,072	$5,528,297
11	$10,272,623	-$3,761,201 -$708,811	$5,802,611
12	$10,786,317	-$3,951,268 -$744,256	$6,090,793
13	$11,325,570	-$4,150,791 -$781,464	$6,393,315
14	$11,892,058	-$4,360,392 -$820,552	$6,711,114
15	$12,486,619	-$4,580,379 -$861,577	$7,044,663
16	$13,110,929	-$4,811,374 -$904,654	$7,394,901
17	$13,766,245	-$5,053,841 -$949,871	$7,762,533
18	$14,454,662	-$5,308,555 -$997,372	$8,148,735
19	$15,177,437	-$5,575,982 -$1,047,243	$8,554,212
20	$15,936,246	-$5,856,741 -$1,099,601	$8,979,904
21	$16,733,184	-$6,151,608 -$1,154,590	$9,426,986
22	$17,569,927	-$6,461,203 -$1,212,325	$9,896,399
23	$18,448,151	-$6,786,146 -$1,272,922	$10,389,083
24	$19,370,789	-$7,127,522 -$1,336,584	$10,906,683
25	$20,339,098	-$7,485,797 -$1,403,398	$11,449,903
26	$21,356,430	-$7,862,209 -$1,473,594	$12,020,627
27	$22,424,042	-$8,257,226 -$1,547,259	$12,619,557
28	$23,545,286	-$8,672,086 -$1,624,625	$13,248,575
29	$24,722,676	-$9,107,721 -$1,705,865	$13,909,090
30	$25,958,726	-$9,565,059 -$1,791,152	$14,602,515