The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(6.9%) | $4,685,100 | | Net Lumpsum Payment | $38,131,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$155,778 |
$1,306,211 |
| 2 |
$2,370,600 |
$837,452
$163,571 |
$1,369,577 |
| 3 |
$2,489,100 |
$881,297
$171,748 |
$1,436,055 |
| 4 |
$2,613,600 |
$927,362
$180,338 |
$1,505,900 |
| 5 |
$2,744,250 |
$975,703
$189,353 |
$1,579,194 |
| 6 |
$2,881,500 |
$1,026,485
$198,824 |
$1,656,191 |
| 7 |
$3,025,500 |
$1,079,765
$208,760 |
$1,736,975 |
| 8 |
$3,176,850 |
$1,135,765
$219,203 |
$1,821,882 |
| 9 |
$3,335,700 |
$1,194,539
$230,163 |
$1,910,998 |
| 10 |
$3,502,500 |
$1,256,255
$241,673 |
$2,004,572 |
| 11 |
$3,677,550 |
$1,321,024
$253,751 |
$2,102,775 |
| 12 |
$3,861,450 |
$1,389,067
$266,440 |
$2,205,943 |
| 13 |
$4,054,500 |
$1,460,495
$279,761 |
$2,314,244 |
| 14 |
$4,257,300 |
$1,535,531
$293,754 |
$2,428,015 |
| 15 |
$4,470,150 |
$1,614,286
$308,440 |
$2,547,424 |
| 16 |
$4,693,650 |
$1,696,981
$323,862 |
$2,672,807 |
| 17 |
$4,928,250 |
$1,783,783
$340,049 |
$2,804,418 |
| 18 |
$5,174,700 |
$1,874,969
$357,054 |
$2,942,677 |
| 19 |
$5,433,450 |
$1,970,707
$374,908 |
$3,087,835 |
| 20 |
$5,705,100 |
$2,071,217
$393,652 |
$3,240,231 |
| 21 |
$5,990,400 |
$2,176,778
$413,338 |
$3,400,284 |
| 22 |
$6,289,950 |
$2,287,612
$434,007 |
$3,568,331 |
| 23 |
$6,604,350 |
$2,403,940
$455,700 |
$3,744,710 |
| 24 |
$6,934,650 |
$2,526,151
$478,491 |
$3,930,008 |
| 25 |
$7,281,300 |
$2,654,411
$502,410 |
$4,124,479 |
| 26 |
$7,645,500 |
$2,789,165
$527,540 |
$4,328,795 |
| 27 |
$8,027,700 |
$2,930,579
$553,911 |
$4,543,210 |
| 28 |
$8,429,100 |
$3,079,097
$581,608 |
$4,768,395 |
| 29 |
$8,850,600 |
$3,235,052
$610,691 |
$5,004,857 |
| 30 |
$9,293,100 |
$3,398,777
$641,224 |
$5,253,099 |
|
|
