The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 Sat Jul 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(6.9%) | $9,011,400 | | Net Lumpsum Payment | $73,306,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$299,093 |
$2,471,430 |
| 2 |
$4,551,552 |
$1,644,405
$314,057 |
$2,593,090 |
| 3 |
$4,779,072 |
$1,728,587
$329,756 |
$2,720,729 |
| 4 |
$5,018,112 |
$1,817,032
$346,250 |
$2,854,830 |
| 5 |
$5,268,960 |
$1,909,846
$363,558 |
$2,995,556 |
| 6 |
$5,532,480 |
$2,007,348
$381,741 |
$3,143,391 |
| 7 |
$5,808,960 |
$2,109,646
$400,818 |
$3,298,496 |
| 8 |
$6,099,552 |
$2,217,165
$420,869 |
$3,461,518 |
| 9 |
$6,404,544 |
$2,330,012
$441,914 |
$3,632,618 |
| 10 |
$6,724,800 |
$2,448,506
$464,011 |
$3,812,283 |
| 11 |
$7,060,896 |
$2,572,862
$487,202 |
$4,000,832 |
| 12 |
$7,413,984 |
$2,703,504
$511,565 |
$4,198,915 |
| 13 |
$7,784,640 |
$2,840,647
$537,140 |
$4,406,853 |
| 14 |
$8,174,016 |
$2,984,716
$564,007 |
$4,625,293 |
| 15 |
$8,582,688 |
$3,135,925
$592,205 |
$4,854,558 |
| 16 |
$9,011,808 |
$3,294,699
$621,815 |
$5,095,294 |
| 17 |
$9,462,240 |
$3,461,359
$652,895 |
$5,347,986 |
| 18 |
$9,935,424 |
$3,636,437
$685,544 |
$5,613,443 |
| 19 |
$10,432,224 |
$3,820,253
$719,823 |
$5,892,148 |
| 20 |
$10,953,792 |
$4,013,233
$755,812 |
$6,184,747 |
| 21 |
$11,501,568 |
$4,215,911
$793,608 |
$6,492,049 |
| 22 |
$12,076,704 |
$4,428,711
$833,293 |
$6,814,700 |
| 23 |
$12,680,352 |
$4,652,061
$874,944 |
$7,153,347 |
| 24 |
$13,314,528 |
$4,886,706
$918,702 |
$7,509,120 |
| 25 |
$13,980,096 |
$5,132,966
$964,627 |
$7,882,503 |
| 26 |
$14,679,360 |
$5,391,694
$1,012,876 |
$8,274,790 |
| 27 |
$15,413,184 |
$5,663,208
$1,063,510 |
$8,686,466 |
| 28 |
$16,183,872 |
$5,948,363
$1,116,687 |
$9,118,822 |
| 29 |
$16,993,152 |
$6,247,797
$1,172,527 |
$9,572,828 |
| 30 |
$17,842,752 |
$6,562,149
$1,231,150 |
$10,049,453 |
|
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