The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(6.9%) | $19,126,800 | | Net Lumpsum Payment | $155,548,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$623,111 |
$5,105,837 |
| 2 |
$9,482,400 |
$3,468,818
$654,286 |
$5,359,296 |
| 3 |
$9,956,400 |
$3,644,198
$686,992 |
$5,625,210 |
| 4 |
$10,454,400 |
$3,828,458
$721,354 |
$5,904,588 |
| 5 |
$10,977,000 |
$4,021,820
$757,413 |
$6,197,767 |
| 6 |
$11,526,000 |
$4,224,950
$795,294 |
$6,505,756 |
| 7 |
$12,102,000 |
$4,438,070
$835,038 |
$6,828,892 |
| 8 |
$12,707,400 |
$4,662,068
$876,811 |
$7,168,521 |
| 9 |
$13,342,800 |
$4,897,166
$920,653 |
$7,524,981 |
| 10 |
$14,010,000 |
$5,144,030
$966,690 |
$7,899,280 |
| 11 |
$14,710,200 |
$5,403,104
$1,015,004 |
$8,292,092 |
| 12 |
$15,445,800 |
$5,675,276
$1,065,760 |
$8,704,764 |
| 13 |
$16,218,000 |
$5,960,990
$1,119,042 |
$9,137,968 |
| 14 |
$17,029,200 |
$6,261,134
$1,175,015 |
$9,593,051 |
| 15 |
$17,880,600 |
$6,576,152
$1,233,761 |
$10,070,687 |
| 16 |
$18,774,600 |
$6,906,932
$1,295,447 |
$10,572,221 |
| 17 |
$19,713,000 |
$7,254,140
$1,360,197 |
$11,098,663 |
| 18 |
$20,698,800 |
$7,618,886
$1,428,217 |
$11,651,697 |
| 19 |
$21,733,800 |
$8,001,836
$1,499,632 |
$12,232,332 |
| 20 |
$22,820,400 |
$8,403,878
$1,574,608 |
$12,841,914 |
| 21 |
$23,961,600 |
$8,826,122
$1,653,350 |
$13,482,128 |
| 22 |
$25,159,800 |
$9,269,456
$1,736,026 |
$14,154,318 |
| 23 |
$26,417,400 |
$9,734,768
$1,822,801 |
$14,859,831 |
| 24 |
$27,738,600 |
$10,223,612
$1,913,963 |
$15,601,025 |
| 25 |
$29,125,200 |
$10,736,654
$2,009,639 |
$16,378,907 |
| 26 |
$30,582,000 |
$11,275,670
$2,110,158 |
$17,196,172 |
| 27 |
$32,110,800 |
$11,841,326
$2,215,645 |
$18,053,829 |
| 28 |
$33,716,400 |
$12,435,398
$2,326,432 |
$18,954,570 |
| 29 |
$35,402,400 |
$13,059,218
$2,442,766 |
$19,900,416 |
| 30 |
$37,172,400 |
$13,714,118
$2,564,896 |
$20,893,386 |
|
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