The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(6.9%) | $12,820,200 | | Net Lumpsum Payment | $104,273,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$415,408 |
$3,417,114 |
| 2 |
$6,321,600 |
$2,299,322
$436,190 |
$3,586,088 |
| 3 |
$6,637,600 |
$2,416,242
$457,994 |
$3,763,364 |
| 4 |
$6,969,600 |
$2,539,082
$480,902 |
$3,949,616 |
| 5 |
$7,318,000 |
$2,667,990
$504,942 |
$4,145,068 |
| 6 |
$7,684,000 |
$2,803,410
$530,196 |
$4,350,394 |
| 7 |
$8,068,000 |
$2,945,490
$556,692 |
$4,565,818 |
| 8 |
$8,471,600 |
$3,094,822
$584,540 |
$4,792,238 |
| 9 |
$8,895,200 |
$3,251,554
$613,769 |
$5,029,877 |
| 10 |
$9,340,000 |
$3,416,130
$644,460 |
$5,279,410 |
| 11 |
$9,806,800 |
$3,588,846
$676,669 |
$5,541,285 |
| 12 |
$10,297,200 |
$3,770,294
$710,507 |
$5,816,399 |
| 13 |
$10,812,000 |
$3,960,770
$746,028 |
$6,105,202 |
| 14 |
$11,352,800 |
$4,160,866
$783,343 |
$6,408,591 |
| 15 |
$11,920,400 |
$4,370,878
$822,508 |
$6,727,014 |
| 16 |
$12,516,400 |
$4,591,398
$863,632 |
$7,061,370 |
| 17 |
$13,142,000 |
$4,822,870
$906,798 |
$7,412,332 |
| 18 |
$13,799,200 |
$5,066,034
$952,145 |
$7,781,021 |
| 19 |
$14,489,200 |
$5,321,334
$999,755 |
$8,168,111 |
| 20 |
$15,213,600 |
$5,589,362
$1,049,738 |
$8,574,500 |
| 21 |
$15,974,400 |
$5,870,858
$1,102,234 |
$9,001,308 |
| 22 |
$16,773,200 |
$6,166,414
$1,157,351 |
$9,449,435 |
| 23 |
$17,611,600 |
$6,476,622
$1,215,200 |
$9,919,778 |
| 24 |
$18,492,400 |
$6,802,518
$1,275,976 |
$10,413,906 |
| 25 |
$19,416,800 |
$7,144,546
$1,339,759 |
$10,932,495 |
| 26 |
$20,388,000 |
$7,503,890
$1,406,772 |
$11,477,338 |
| 27 |
$21,407,200 |
$7,880,994
$1,477,097 |
$12,049,109 |
| 28 |
$22,477,600 |
$8,277,042
$1,550,954 |
$12,649,604 |
| 29 |
$23,601,600 |
$8,692,922
$1,628,510 |
$13,280,168 |
| 30 |
$24,781,600 |
$9,129,522
$1,709,930 |
$13,942,148 |
|
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