The jackpot for the MEGA Millions draw on Fri Jul 18, 2025, is projected to be $50 Million, with an option for a cash payout of $22.1 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 Fri Jul 18, 2025 |
|---|
| Draw Date | Fri Jul 18, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,100,000 | | Federal Tax(24%) | $5,304,000 | | Additional Federal Tax | $2,833,330 | | State Tax(6.9%) | $1,524,900 | | Net Lumpsum Payment | $12,437,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$51,926 |
$461,850 |
| 2 |
$790,200 |
$252,704
$54,524 |
$482,972 |
| 3 |
$829,700 |
$267,319
$57,249 |
$505,132 |
| 4 |
$871,200 |
$282,674
$60,113 |
$528,413 |
| 5 |
$914,750 |
$298,788
$63,118 |
$552,844 |
| 6 |
$960,500 |
$315,715
$66,275 |
$578,510 |
| 7 |
$1,008,500 |
$333,475
$69,587 |
$605,438 |
| 8 |
$1,058,950 |
$352,142
$73,068 |
$633,740 |
| 9 |
$1,111,900 |
$371,733
$76,721 |
$663,446 |
| 10 |
$1,167,500 |
$392,305
$80,558 |
$694,637 |
| 11 |
$1,225,850 |
$413,895
$84,584 |
$727,371 |
| 12 |
$1,287,150 |
$436,576
$88,813 |
$761,761 |
| 13 |
$1,351,500 |
$460,385
$93,254 |
$797,861 |
| 14 |
$1,419,100 |
$485,397
$97,918 |
$835,785 |
| 15 |
$1,490,050 |
$511,649
$102,813 |
$875,588 |
| 16 |
$1,564,550 |
$539,214
$107,954 |
$917,382 |
| 17 |
$1,642,750 |
$568,148
$113,350 |
$961,252 |
| 18 |
$1,724,900 |
$598,543
$119,018 |
$1,007,339 |
| 19 |
$1,811,150 |
$630,456
$124,969 |
$1,055,725 |
| 20 |
$1,901,700 |
$663,959
$131,217 |
$1,106,524 |
| 21 |
$1,996,800 |
$699,146
$137,779 |
$1,159,875 |
| 22 |
$2,096,650 |
$736,091
$144,669 |
$1,215,890 |
| 23 |
$2,201,450 |
$774,867
$151,900 |
$1,274,683 |
| 24 |
$2,311,550 |
$815,604
$159,497 |
$1,336,449 |
| 25 |
$2,427,100 |
$858,357
$167,470 |
$1,401,273 |
| 26 |
$2,548,500 |
$903,275
$175,847 |
$1,469,378 |
| 27 |
$2,675,900 |
$950,413
$184,637 |
$1,540,850 |
| 28 |
$2,809,700 |
$999,919
$193,869 |
$1,615,912 |
| 29 |
$2,950,200 |
$1,051,904
$203,564 |
$1,694,732 |
| 30 |
$3,097,700 |
$1,106,479
$213,741 |
$1,777,480 |
|
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