Jackpot Analysis South Carolina Powerball

Jackpot Analysis for South Carolina Powerball
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
Draw DateSat Jul 19, 2025
Projected Jackpot$288,000,000
Cash Value$130,600,000

Lumpsum Option Taxes and Payment
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
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