Jackpot Analysis South Carolina Powerball

Jackpot Analysis for South Carolina Powerball
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 DateSat 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