The jackpot for the Powerball draw on Wed Dec 31, 2025, is projected to be $45 Million, with an option for a cash payout of $20.7 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 Dec 31, 2025 |
|---|
| Draw Date | Wed Dec 31, 2025 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,700,000 | | Federal Tax(24%) | $4,968,000 | | Additional Federal Tax | $2,651,330 | | State Tax(6.9%) | $1,428,300 | | Net Lumpsum Payment | $11,652,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$46,733 |
$419,632 |
| 2 |
$711,180 |
$223,467
$49,071 |
$438,642 |
| 3 |
$746,730 |
$236,620
$51,524 |
$458,586 |
| 4 |
$784,080 |
$250,440
$54,102 |
$479,538 |
| 5 |
$823,275 |
$264,942
$56,806 |
$501,527 |
| 6 |
$864,450 |
$280,177
$59,647 |
$524,626 |
| 7 |
$907,650 |
$296,161
$62,628 |
$548,861 |
| 8 |
$953,055 |
$312,961
$65,761 |
$574,333 |
| 9 |
$1,000,710 |
$330,593
$69,049 |
$601,068 |
| 10 |
$1,050,750 |
$349,108
$72,502 |
$629,140 |
| 11 |
$1,103,265 |
$368,538
$76,125 |
$658,602 |
| 12 |
$1,158,435 |
$388,951
$79,932 |
$689,552 |
| 13 |
$1,216,350 |
$410,380
$83,928 |
$722,042 |
| 14 |
$1,277,190 |
$432,891
$88,126 |
$756,173 |
| 15 |
$1,341,045 |
$456,517
$92,532 |
$791,996 |
| 16 |
$1,408,095 |
$481,326
$97,159 |
$829,610 |
| 17 |
$1,478,475 |
$507,366
$102,015 |
$869,094 |
| 18 |
$1,552,410 |
$534,722
$107,116 |
$910,572 |
| 19 |
$1,630,035 |
$563,443
$112,472 |
$954,120 |
| 20 |
$1,711,530 |
$593,596
$118,096 |
$999,838 |
| 21 |
$1,797,120 |
$625,265
$124,001 |
$1,047,854 |
| 22 |
$1,886,985 |
$658,515
$130,202 |
$1,098,268 |
| 23 |
$1,981,305 |
$693,413
$136,710 |
$1,151,182 |
| 24 |
$2,080,395 |
$730,077
$143,547 |
$1,206,771 |
| 25 |
$2,184,390 |
$768,555
$150,723 |
$1,265,112 |
| 26 |
$2,293,650 |
$808,981
$158,262 |
$1,326,407 |
| 27 |
$2,408,310 |
$851,405
$166,173 |
$1,390,732 |
| 28 |
$2,528,730 |
$895,960
$174,482 |
$1,458,288 |
| 29 |
$2,655,180 |
$942,747
$183,207 |
$1,529,226 |
| 30 |
$2,787,930 |
$991,864
$192,367 |
$1,603,699 |
|
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