The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(6.9%) | $15,228,300 | | Net Lumpsum Payment | $123,852,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$484,988 |
$3,982,836 |
| 2 |
$7,380,468 |
$2,691,104
$509,252 |
$4,180,112 |
| 3 |
$7,749,398 |
$2,827,608
$534,708 |
$4,387,082 |
| 4 |
$8,137,008 |
$2,971,023
$561,454 |
$4,604,531 |
| 5 |
$8,543,765 |
$3,121,523
$589,520 |
$4,832,722 |
| 6 |
$8,971,070 |
$3,279,626
$619,004 |
$5,072,440 |
| 7 |
$9,419,390 |
$3,445,505
$649,938 |
$5,323,947 |
| 8 |
$9,890,593 |
$3,619,850
$682,451 |
$5,588,292 |
| 9 |
$10,385,146 |
$3,802,834
$716,575 |
$5,865,737 |
| 10 |
$10,904,450 |
$3,994,977
$752,407 |
$6,157,066 |
| 11 |
$11,449,439 |
$4,196,623
$790,011 |
$6,462,805 |
| 12 |
$12,021,981 |
$4,408,463
$829,517 |
$6,784,001 |
| 13 |
$12,623,010 |
$4,630,844
$870,988 |
$7,121,178 |
| 14 |
$13,254,394 |
$4,864,456
$914,553 |
$7,475,385 |
| 15 |
$13,917,067 |
$5,109,645
$960,278 |
$7,847,144 |
| 16 |
$14,612,897 |
$5,367,102
$1,008,290 |
$8,237,505 |
| 17 |
$15,343,285 |
$5,637,346
$1,058,687 |
$8,647,252 |
| 18 |
$16,110,566 |
$5,921,240
$1,111,629 |
$9,077,697 |
| 19 |
$16,916,141 |
$6,219,303
$1,167,214 |
$9,529,624 |
| 20 |
$17,761,878 |
$6,532,225
$1,225,570 |
$10,004,083 |
| 21 |
$18,650,112 |
$6,860,872
$1,286,858 |
$10,502,382 |
| 22 |
$19,582,711 |
$7,205,933
$1,351,207 |
$11,025,571 |
| 23 |
$20,561,543 |
$7,568,101
$1,418,746 |
$11,574,696 |
| 24 |
$21,589,877 |
$7,948,585
$1,489,702 |
$12,151,590 |
| 25 |
$22,669,114 |
$8,347,903
$1,564,169 |
$12,757,042 |
| 26 |
$23,802,990 |
$8,767,437
$1,642,406 |
$13,393,147 |
| 27 |
$24,992,906 |
$9,207,706
$1,724,511 |
$14,060,689 |
| 28 |
$26,242,598 |
$9,670,092
$1,810,739 |
$14,761,767 |
| 29 |
$27,554,868 |
$10,155,632
$1,901,286 |
$15,497,950 |
| 30 |
$28,932,518 |
$10,665,362
$1,996,344 |
$16,270,812 |
|
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