Jackpot Analysis South Carolina Mega Millions

Jackpot Analysis for South Carolina Mega Millions
The jackpot for the MEGA Millions draw on Tue Mar 18, 2025, is projected to be $301 Million, with an option for a cash payout of $139.5 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 Mar 18, 2025
Draw DateTue Mar 18, 2025
Projected Jackpot$301,000,000
Cash Value$139,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$139,500,000
Federal Tax(24%)$33,480,000
Additional Federal Tax$18,095,330
State Tax(6.9%)$9,625,500
Net Lumpsum Payment$78,299,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,530,351 $1,636,560
$312,594
$2,581,197
2 $4,757,004 $1,720,422
$328,233
$2,708,349
3 $4,994,794 $1,808,404
$344,641
$2,841,749
4 $5,244,624 $1,900,841
$361,879
$2,981,904
5 $5,506,795 $1,997,845
$379,969
$3,128,981
6 $5,782,210 $2,099,748
$398,972
$3,283,490
7 $6,071,170 $2,206,663
$418,911
$3,445,596
8 $6,374,879 $2,319,036
$439,867
$3,615,976
9 $6,693,638 $2,436,976
$461,861
$3,794,801
10 $7,028,350 $2,560,820
$484,956
$3,982,574
11 $7,379,617 $2,690,789
$509,194
$4,179,634
12 $7,748,643 $2,827,328
$534,656
$4,386,659
13 $8,136,030 $2,970,661
$561,386
$4,603,983
14 $8,542,982 $3,121,234
$589,466
$4,832,282
15 $8,970,101 $3,279,268
$618,937
$5,071,896
16 $9,418,591 $3,445,209
$649,883
$5,323,499
17 $9,889,355 $3,619,392
$682,365
$5,587,598
18 $10,383,898 $3,802,373
$716,489
$5,865,036
19 $10,903,123 $3,994,486
$752,315
$6,156,322
20 $11,448,234 $4,196,177
$789,928
$6,462,129
21 $12,020,736 $4,408,003
$829,431
$6,783,302
22 $12,621,833 $4,630,409
$870,906
$7,120,518
23 $13,252,729 $4,863,840
$914,438
$7,474,451
24 $13,915,531 $5,109,077
$960,172
$7,846,282
25 $14,611,142 $5,366,453
$1,008,169
$8,236,520
26 $15,341,970 $5,636,859
$1,058,596
$8,646,515
27 $16,108,918 $5,920,630
$1,111,515
$9,076,773
28 $16,914,394 $6,218,656
$1,167,093
$9,528,645
29 $17,760,204 $6,531,606
$1,225,454
$10,003,144
30 $18,648,154 $6,860,147
$1,286,723
$10,501,284