The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(6.9%) | $7,355,400 | | Net Lumpsum Payment | $59,842,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$243,013 |
$2,015,475 |
| 2 |
$3,698,136 |
$1,328,641
$255,171 |
$2,114,324 |
| 3 |
$3,882,996 |
$1,397,039
$267,927 |
$2,218,030 |
| 4 |
$4,077,216 |
$1,468,900
$281,328 |
$2,326,988 |
| 5 |
$4,281,030 |
$1,544,311
$295,391 |
$2,441,328 |
| 6 |
$4,495,140 |
$1,623,532
$310,165 |
$2,561,443 |
| 7 |
$4,719,780 |
$1,706,649
$325,665 |
$2,687,466 |
| 8 |
$4,955,886 |
$1,794,008
$341,956 |
$2,819,922 |
| 9 |
$5,203,692 |
$1,885,696
$359,055 |
$2,958,941 |
| 10 |
$5,463,900 |
$1,981,973
$377,009 |
$3,104,918 |
| 11 |
$5,736,978 |
$2,083,012
$395,851 |
$3,258,115 |
| 12 |
$6,023,862 |
$2,189,159
$415,646 |
$3,419,057 |
| 13 |
$6,325,020 |
$2,300,588
$436,426 |
$3,588,006 |
| 14 |
$6,641,388 |
$2,417,644
$458,256 |
$3,765,488 |
| 15 |
$6,973,434 |
$2,540,501
$481,167 |
$3,951,766 |
| 16 |
$7,322,094 |
$2,669,505
$505,224 |
$4,147,365 |
| 17 |
$7,688,070 |
$2,804,916
$530,477 |
$4,352,677 |
| 18 |
$8,072,532 |
$2,947,167
$557,005 |
$4,568,360 |
| 19 |
$8,476,182 |
$3,096,518
$584,857 |
$4,794,807 |
| 20 |
$8,899,956 |
$3,253,314
$614,097 |
$5,032,545 |
| 21 |
$9,345,024 |
$3,417,989
$644,807 |
$5,282,228 |
| 22 |
$9,812,322 |
$3,590,890
$677,050 |
$5,544,382 |
| 23 |
$10,302,786 |
$3,772,361
$710,892 |
$5,819,533 |
| 24 |
$10,818,054 |
$3,963,010
$746,446 |
$6,108,598 |
| 25 |
$11,358,828 |
$4,163,097
$783,759 |
$6,411,972 |
| 26 |
$11,926,980 |
$4,373,313
$822,962 |
$6,730,705 |
| 27 |
$12,523,212 |
$4,593,919
$864,102 |
$7,065,191 |
| 28 |
$13,149,396 |
$4,825,607
$907,308 |
$7,416,481 |
| 29 |
$13,806,936 |
$5,068,897
$952,679 |
$7,785,360 |
| 30 |
$14,497,236 |
$5,324,308
$1,000,309 |
$8,172,619 |
|
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