Jackpot Analysis South Carolina Mega Millions

Jackpot Analysis for South Carolina Mega Millions
The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Jul 15, 2025
Draw DateTue Jul 15, 2025
Projected Jackpot$90,000,000
Cash Value$39,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$39,900,000
Federal Tax(24%)$9,576,000
Additional Federal Tax$5,147,330
State Tax(6.9%)$2,753,100
Net Lumpsum Payment$22,423,570
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,354,590 $461,529
$93,467
$799,594
2 $1,422,360 $486,604
$98,143
$837,613
3 $1,493,460 $512,911
$103,049
$877,500
4 $1,568,160 $540,550
$108,203
$919,407
5 $1,646,550 $569,554
$113,612
$963,384
6 $1,728,900 $600,023
$119,294
$1,009,583
7 $1,815,300 $631,991
$125,256
$1,058,053
8 $1,906,110 $665,591
$131,522
$1,108,997
9 $2,001,420 $700,856
$138,098
$1,162,466
10 $2,101,500 $737,885
$145,004
$1,218,611
11 $2,206,530 $776,746
$152,251
$1,277,533
12 $2,316,870 $817,572
$159,864
$1,339,434
13 $2,432,700 $860,429
$167,856
$1,404,415
14 $2,554,380 $905,451
$176,252
$1,472,677
15 $2,682,090 $952,704
$185,064
$1,544,322
16 $2,816,190 $1,002,321
$194,317
$1,619,552
17 $2,956,950 $1,054,402
$204,030
$1,698,518
18 $3,104,820 $1,109,114
$214,233
$1,781,473
19 $3,260,070 $1,166,556
$224,945
$1,868,569
20 $3,423,060 $1,226,863
$236,191
$1,960,006
21 $3,594,240 $1,290,199
$248,003
$2,056,038
22 $3,773,970 $1,356,699
$260,404
$2,156,867
23 $3,962,610 $1,426,496
$273,420
$2,262,694
24 $4,160,790 $1,499,823
$287,095
$2,373,872
25 $4,368,780 $1,576,779
$301,446
$2,490,555
26 $4,587,300 $1,657,631
$316,524
$2,613,145
27 $4,816,620 $1,742,480
$332,347
$2,741,793
28 $5,057,460 $1,831,591
$348,965
$2,876,904
29 $5,310,360 $1,925,164
$366,415
$3,018,781
30 $5,575,860 $2,023,399
$384,734
$3,167,727