The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.9%) | $10,053,300 | | Net Lumpsum Payment | $81,777,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$338,557 |
$2,792,287 |
| 2 |
$5,152,104 |
$1,866,609
$355,495 |
$2,930,000 |
| 3 |
$5,409,644 |
$1,961,899
$373,265 |
$3,074,480 |
| 4 |
$5,680,224 |
$2,062,013
$391,935 |
$3,226,276 |
| 5 |
$5,964,170 |
$2,167,073
$411,528 |
$3,385,569 |
| 6 |
$6,262,460 |
$2,277,441
$432,110 |
$3,552,909 |
| 7 |
$6,575,420 |
$2,393,236
$453,704 |
$3,728,480 |
| 8 |
$6,904,354 |
$2,514,941
$476,400 |
$3,913,013 |
| 9 |
$7,249,588 |
$2,642,678
$500,222 |
$4,106,688 |
| 10 |
$7,612,100 |
$2,776,807
$525,235 |
$4,310,058 |
| 11 |
$7,992,542 |
$2,917,571
$551,485 |
$4,523,486 |
| 12 |
$8,392,218 |
$3,065,451
$579,063 |
$4,747,704 |
| 13 |
$8,811,780 |
$3,220,689
$608,013 |
$4,983,078 |
| 14 |
$9,252,532 |
$3,383,767
$638,425 |
$5,230,340 |
| 15 |
$9,715,126 |
$3,554,927
$670,344 |
$5,489,855 |
| 16 |
$10,200,866 |
$3,734,651
$703,860 |
$5,762,355 |
| 17 |
$10,710,730 |
$3,923,300
$739,040 |
$6,048,390 |
| 18 |
$11,246,348 |
$4,121,479
$775,998 |
$6,348,871 |
| 19 |
$11,808,698 |
$4,329,549
$814,800 |
$6,664,349 |
| 20 |
$12,399,084 |
$4,547,991
$855,537 |
$6,995,556 |
| 21 |
$13,019,136 |
$4,777,411
$898,320 |
$7,343,405 |
| 22 |
$13,670,158 |
$5,018,289
$943,241 |
$7,708,628 |
| 23 |
$14,353,454 |
$5,271,108
$990,388 |
$8,091,958 |
| 24 |
$15,071,306 |
$5,536,714
$1,039,920 |
$8,494,672 |
| 25 |
$15,824,692 |
$5,815,466
$1,091,904 |
$8,917,322 |
| 26 |
$16,616,220 |
$6,108,332
$1,146,519 |
$9,361,369 |
| 27 |
$17,446,868 |
$6,415,672
$1,203,834 |
$9,827,362 |
| 28 |
$18,319,244 |
$6,738,451
$1,264,028 |
$10,316,765 |
| 29 |
$19,235,304 |
$7,077,393
$1,327,236 |
$10,830,675 |
| 30 |
$20,197,004 |
$7,433,222
$1,393,593 |
$11,370,189 |
|
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