The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Tue Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(6.9%) | $20,982,900 | | Net Lumpsum Payment | $170,639,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$675,037 |
$5,528,017 |
| 2 |
$10,272,600 |
$3,761,192
$708,809 |
$5,802,599 |
| 3 |
$10,786,100 |
$3,951,187
$744,241 |
$6,090,672 |
| 4 |
$11,325,600 |
$4,150,802
$781,466 |
$6,393,332 |
| 5 |
$11,891,750 |
$4,360,278
$820,531 |
$6,710,941 |
| 6 |
$12,486,500 |
$4,580,335
$861,569 |
$7,044,596 |
| 7 |
$13,110,500 |
$4,811,215
$904,625 |
$7,394,660 |
| 8 |
$13,766,350 |
$5,053,880
$949,878 |
$7,762,592 |
| 9 |
$14,454,700 |
$5,308,569
$997,374 |
$8,148,757 |
| 10 |
$15,177,500 |
$5,576,005
$1,047,248 |
$8,554,247 |
| 11 |
$15,936,050 |
$5,856,669
$1,099,587 |
$8,979,794 |
| 12 |
$16,732,950 |
$6,151,522
$1,154,574 |
$9,426,854 |
| 13 |
$17,569,500 |
$6,461,045
$1,212,296 |
$9,896,159 |
| 14 |
$18,448,300 |
$6,786,201
$1,272,933 |
$10,389,166 |
| 15 |
$19,370,650 |
$7,127,471
$1,336,575 |
$10,906,604 |
| 16 |
$20,339,150 |
$7,485,816
$1,403,401 |
$11,449,933 |
| 17 |
$21,355,750 |
$7,861,958
$1,473,547 |
$12,020,245 |
| 18 |
$22,423,700 |
$8,257,099
$1,547,235 |
$12,619,366 |
| 19 |
$23,544,950 |
$8,671,962
$1,624,602 |
$13,248,386 |
| 20 |
$24,722,100 |
$9,107,507
$1,705,825 |
$13,908,768 |
| 21 |
$25,958,400 |
$9,564,938
$1,791,130 |
$14,602,332 |
| 22 |
$27,256,450 |
$10,045,217
$1,880,695 |
$15,330,538 |
| 23 |
$28,618,850 |
$10,549,305
$1,974,701 |
$16,094,844 |
| 24 |
$30,050,150 |
$11,078,886
$2,073,460 |
$16,897,804 |
| 25 |
$31,552,300 |
$11,634,681
$2,177,109 |
$17,740,510 |
| 26 |
$33,130,500 |
$12,218,615
$2,286,005 |
$18,625,880 |
| 27 |
$34,786,700 |
$12,831,409
$2,400,282 |
$19,555,009 |
| 28 |
$36,526,100 |
$13,474,987
$2,520,301 |
$20,530,812 |
| 29 |
$38,352,600 |
$14,150,792
$2,646,329 |
$21,555,479 |
| 30 |
$40,270,100 |
$14,860,267
$2,778,637 |
$22,631,196 |
|
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