The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For South Carolina residents, the state will deduct 6.9% from your lottery earnings.
South Carolina Powerball Jackpot/Cash Option for Sat Jul 19, 2025 |
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Draw Date | Sat Jul 19, 2025 | Projected Jackpot | $288,000,000 | Cash Value | $130,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $130,600,000 | Federal Tax(24%) | $31,344,000 | Additional Federal Tax | $16,938,330 | State Tax(6.9%) | $9,011,400 | Net Lumpsum Payment | $73,306,270 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,334,688 |
$1,564,165 $299,093 |
$2,471,430 |
2 |
$4,551,552 |
$1,644,405 $314,057 |
$2,593,090 |
3 |
$4,779,072 |
$1,728,587 $329,756 |
$2,720,729 |
4 |
$5,018,112 |
$1,817,032 $346,250 |
$2,854,830 |
5 |
$5,268,960 |
$1,909,846 $363,558 |
$2,995,556 |
6 |
$5,532,480 |
$2,007,348 $381,741 |
$3,143,391 |
7 |
$5,808,960 |
$2,109,646 $400,818 |
$3,298,496 |
8 |
$6,099,552 |
$2,217,165 $420,869 |
$3,461,518 |
9 |
$6,404,544 |
$2,330,012 $441,914 |
$3,632,618 |
10 |
$6,724,800 |
$2,448,506 $464,011 |
$3,812,283 |
11 |
$7,060,896 |
$2,572,862 $487,202 |
$4,000,832 |
12 |
$7,413,984 |
$2,703,504 $511,565 |
$4,198,915 |
13 |
$7,784,640 |
$2,840,647 $537,140 |
$4,406,853 |
14 |
$8,174,016 |
$2,984,716 $564,007 |
$4,625,293 |
15 |
$8,582,688 |
$3,135,925 $592,205 |
$4,854,558 |
16 |
$9,011,808 |
$3,294,699 $621,815 |
$5,095,294 |
17 |
$9,462,240 |
$3,461,359 $652,895 |
$5,347,986 |
18 |
$9,935,424 |
$3,636,437 $685,544 |
$5,613,443 |
19 |
$10,432,224 |
$3,820,253 $719,823 |
$5,892,148 |
20 |
$10,953,792 |
$4,013,233 $755,812 |
$6,184,747 |
21 |
$11,501,568 |
$4,215,911 $793,608 |
$6,492,049 |
22 |
$12,076,704 |
$4,428,711 $833,293 |
$6,814,700 |
23 |
$12,680,352 |
$4,652,061 $874,944 |
$7,153,347 |
24 |
$13,314,528 |
$4,886,706 $918,702 |
$7,509,120 |
25 |
$13,980,096 |
$5,132,966 $964,627 |
$7,882,503 |
26 |
$14,679,360 |
$5,391,694 $1,012,876 |
$8,274,790 |
27 |
$15,413,184 |
$5,663,208 $1,063,510 |
$8,686,466 |
28 |
$16,183,872 |
$5,948,363 $1,116,687 |
$9,118,822 |
29 |
$16,993,152 |
$6,247,797 $1,172,527 |
$9,572,828 |
30 |
$17,842,752 |
$6,562,149 $1,231,150 |
$10,049,453 |
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