The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(6.9%) | $3,194,700 | | Net Lumpsum Payment | $26,013,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$102,813 |
$875,587 |
| 2 |
$1,564,596 |
$539,231
$107,957 |
$917,408 |
| 3 |
$1,642,806 |
$568,169
$113,354 |
$961,283 |
| 4 |
$1,724,976 |
$598,572
$119,023 |
$1,007,381 |
| 5 |
$1,811,205 |
$630,476
$124,973 |
$1,055,756 |
| 6 |
$1,901,790 |
$663,993
$131,224 |
$1,106,573 |
| 7 |
$1,996,830 |
$699,157
$137,781 |
$1,159,892 |
| 8 |
$2,096,721 |
$736,117
$144,674 |
$1,215,930 |
| 9 |
$2,201,562 |
$774,908
$151,908 |
$1,274,746 |
| 10 |
$2,311,650 |
$815,641
$159,504 |
$1,336,505 |
| 11 |
$2,427,183 |
$858,388
$167,476 |
$1,401,319 |
| 12 |
$2,548,557 |
$903,296
$175,850 |
$1,469,411 |
| 13 |
$2,675,970 |
$950,439
$184,642 |
$1,540,889 |
| 14 |
$2,809,818 |
$999,963
$193,877 |
$1,615,978 |
| 15 |
$2,950,299 |
$1,051,941
$203,571 |
$1,694,787 |
| 16 |
$3,097,809 |
$1,106,520
$213,749 |
$1,777,540 |
| 17 |
$3,252,645 |
$1,163,809
$224,433 |
$1,864,403 |
| 18 |
$3,415,302 |
$1,223,992
$235,656 |
$1,955,654 |
| 19 |
$3,586,077 |
$1,287,179
$247,439 |
$2,051,459 |
| 20 |
$3,765,366 |
$1,353,516
$259,810 |
$2,152,040 |
| 21 |
$3,953,664 |
$1,423,186
$272,803 |
$2,257,675 |
| 22 |
$4,151,367 |
$1,496,336
$286,444 |
$2,368,587 |
| 23 |
$4,358,871 |
$1,573,113
$300,762 |
$2,484,996 |
| 24 |
$4,576,869 |
$1,653,772
$315,804 |
$2,607,293 |
| 25 |
$4,805,658 |
$1,738,424
$331,590 |
$2,735,644 |
| 26 |
$5,046,030 |
$1,827,361
$348,176 |
$2,870,493 |
| 27 |
$5,298,282 |
$1,920,695
$365,581 |
$3,012,006 |
| 28 |
$5,563,206 |
$2,018,717
$383,861 |
$3,160,628 |
| 29 |
$5,841,396 |
$2,121,647
$403,056 |
$3,316,693 |
| 30 |
$6,133,446 |
$2,229,705
$423,208 |
$3,480,533 |
|
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