The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(6.9%) | $23,880,900 | | Net Lumpsum Payment | $194,201,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$768,504 |
$6,287,942 |
| 2 |
$11,694,960 |
$4,287,466
$806,952 |
$6,600,542 |
| 3 |
$12,279,560 |
$4,503,768
$847,290 |
$6,928,502 |
| 4 |
$12,893,760 |
$4,731,022
$889,669 |
$7,273,069 |
| 5 |
$13,538,300 |
$4,969,501
$934,143 |
$7,634,656 |
| 6 |
$14,215,400 |
$5,220,028
$980,863 |
$8,014,509 |
| 7 |
$14,925,800 |
$5,482,876
$1,029,880 |
$8,413,044 |
| 8 |
$15,672,460 |
$5,759,141
$1,081,400 |
$8,831,919 |
| 9 |
$16,456,120 |
$6,049,095
$1,135,472 |
$9,271,553 |
| 10 |
$17,279,000 |
$6,353,560
$1,192,251 |
$9,733,189 |
| 11 |
$18,142,580 |
$6,673,085
$1,251,838 |
$10,217,657 |
| 12 |
$19,049,820 |
$7,008,764
$1,314,438 |
$10,726,618 |
| 13 |
$20,002,200 |
$7,361,144
$1,380,152 |
$11,260,904 |
| 14 |
$21,002,680 |
$7,731,322
$1,449,185 |
$11,822,173 |
| 15 |
$22,052,740 |
$8,119,844
$1,521,639 |
$12,411,257 |
| 16 |
$23,155,340 |
$8,527,806
$1,597,718 |
$13,029,816 |
| 17 |
$24,312,700 |
$8,956,029
$1,677,576 |
$13,679,095 |
| 18 |
$25,528,520 |
$9,405,883
$1,761,468 |
$14,361,169 |
| 19 |
$26,805,020 |
$9,878,188
$1,849,546 |
$15,077,286 |
| 20 |
$28,145,160 |
$10,374,040
$1,942,016 |
$15,829,104 |
| 21 |
$29,552,640 |
$10,894,807
$2,039,132 |
$16,618,701 |
| 22 |
$31,030,420 |
$11,441,586
$2,141,099 |
$17,447,735 |
| 23 |
$32,581,460 |
$12,015,471
$2,248,121 |
$18,317,868 |
| 24 |
$34,210,940 |
$12,618,378
$2,360,555 |
$19,232,007 |
| 25 |
$35,921,080 |
$13,251,130
$2,478,555 |
$20,191,395 |
| 26 |
$37,717,800 |
$13,915,916
$2,602,528 |
$21,199,356 |
| 27 |
$39,603,320 |
$14,613,559
$2,732,629 |
$22,257,132 |
| 28 |
$41,583,560 |
$15,346,248
$2,869,266 |
$23,368,046 |
| 29 |
$43,662,960 |
$16,115,626
$3,012,744 |
$24,534,590 |
| 30 |
$45,845,960 |
$16,923,336
$3,163,371 |
$25,759,253 |
|
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