The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(6.9%) | $8,700,900 | | Net Lumpsum Payment | $70,781,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$290,785 |
$2,403,881 |
| 2 |
$4,425,120 |
$1,597,625
$305,333 |
$2,522,162 |
| 3 |
$4,646,320 |
$1,679,469
$320,596 |
$2,646,255 |
| 4 |
$4,878,720 |
$1,765,457
$336,632 |
$2,776,631 |
| 5 |
$5,122,600 |
$1,855,692
$353,459 |
$2,913,449 |
| 6 |
$5,378,800 |
$1,950,486
$371,137 |
$3,057,177 |
| 7 |
$5,647,600 |
$2,049,942
$389,684 |
$3,207,974 |
| 8 |
$5,930,120 |
$2,154,475
$409,178 |
$3,366,467 |
| 9 |
$6,226,640 |
$2,264,187
$429,638 |
$3,532,815 |
| 10 |
$6,538,000 |
$2,379,390
$451,122 |
$3,707,488 |
| 11 |
$6,864,760 |
$2,500,292
$473,668 |
$3,890,800 |
| 12 |
$7,208,040 |
$2,627,305
$497,355 |
$4,083,380 |
| 13 |
$7,568,400 |
$2,760,638
$522,220 |
$4,285,542 |
| 14 |
$7,946,960 |
$2,900,706
$548,340 |
$4,497,914 |
| 15 |
$8,344,280 |
$3,047,714
$575,755 |
$4,720,811 |
| 16 |
$8,761,480 |
$3,202,078
$604,542 |
$4,954,860 |
| 17 |
$9,199,400 |
$3,364,108
$634,759 |
$5,200,533 |
| 18 |
$9,659,440 |
$3,534,323
$666,501 |
$5,458,616 |
| 19 |
$10,142,440 |
$3,713,033
$699,828 |
$5,729,579 |
| 20 |
$10,649,520 |
$3,900,653
$734,817 |
$6,014,050 |
| 21 |
$11,182,080 |
$4,097,700
$771,564 |
$6,312,816 |
| 22 |
$11,741,240 |
$4,304,589
$810,146 |
$6,626,505 |
| 23 |
$12,328,120 |
$4,521,735
$850,640 |
$6,955,745 |
| 24 |
$12,944,680 |
$4,749,862
$893,183 |
$7,301,635 |
| 25 |
$13,591,760 |
$4,989,282
$937,831 |
$7,664,647 |
| 26 |
$14,271,600 |
$5,240,822
$984,740 |
$8,046,038 |
| 27 |
$14,985,040 |
$5,504,795
$1,033,968 |
$8,446,277 |
| 28 |
$15,734,320 |
$5,782,029
$1,085,668 |
$8,866,623 |
| 29 |
$16,521,120 |
$6,073,145
$1,139,957 |
$9,308,018 |
| 30 |
$17,347,120 |
$6,378,765
$1,196,951 |
$9,771,404 |
|
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