The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Wed Sep 17, 2025 |
|---|
| Draw Date | Wed Sep 17, 2025 | | Projected Jackpot | $81,000,000 | | Cash Value | $37,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,900,000 | | Federal Tax(24%) | $9,096,000 | | Additional Federal Tax | $4,887,330 | | State Tax(6.9%) | $2,615,100 | | Net Lumpsum Payment | $21,301,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$84,120 |
$723,602 |
| 2 |
$1,280,124 |
$433,976
$88,329 |
$757,819 |
| 3 |
$1,344,114 |
$457,653
$92,744 |
$793,717 |
| 4 |
$1,411,344 |
$482,528
$97,383 |
$831,433 |
| 5 |
$1,481,895 |
$508,632
$102,251 |
$871,012 |
| 6 |
$1,556,010 |
$536,054
$107,365 |
$912,591 |
| 7 |
$1,633,770 |
$564,825
$112,730 |
$956,215 |
| 8 |
$1,715,499 |
$595,065
$118,369 |
$1,002,065 |
| 9 |
$1,801,278 |
$626,803
$124,288 |
$1,050,187 |
| 10 |
$1,891,350 |
$660,130
$130,503 |
$1,100,717 |
| 11 |
$1,985,877 |
$695,105
$137,026 |
$1,153,746 |
| 12 |
$2,085,183 |
$731,848
$143,878 |
$1,209,457 |
| 13 |
$2,189,430 |
$770,419
$151,071 |
$1,267,940 |
| 14 |
$2,298,942 |
$810,939
$158,627 |
$1,329,376 |
| 15 |
$2,413,881 |
$853,466
$166,558 |
$1,393,857 |
| 16 |
$2,534,571 |
$898,122
$174,885 |
$1,461,564 |
| 17 |
$2,661,255 |
$944,995
$183,627 |
$1,532,633 |
| 18 |
$2,794,338 |
$994,235
$192,809 |
$1,607,294 |
| 19 |
$2,934,063 |
$1,045,934
$202,450 |
$1,685,679 |
| 20 |
$3,080,754 |
$1,100,209
$212,572 |
$1,767,973 |
| 21 |
$3,234,816 |
$1,157,212
$223,202 |
$1,854,402 |
| 22 |
$3,396,573 |
$1,217,062
$234,364 |
$1,945,147 |
| 23 |
$3,566,349 |
$1,279,880
$246,078 |
$2,040,391 |
| 24 |
$3,744,711 |
$1,345,873
$258,385 |
$2,140,453 |
| 25 |
$3,931,902 |
$1,415,134
$271,301 |
$2,245,467 |
| 26 |
$4,128,570 |
$1,487,901
$284,871 |
$2,355,798 |
| 27 |
$4,334,958 |
$1,564,265
$299,112 |
$2,471,581 |
| 28 |
$4,551,714 |
$1,644,465
$314,068 |
$2,593,181 |
| 29 |
$4,779,324 |
$1,728,680
$329,773 |
$2,720,871 |
| 30 |
$5,018,274 |
$1,817,092
$346,261 |
$2,854,921 |
|
|
