The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(6.9%) | $3,408,600 | | Net Lumpsum Payment | $27,753,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$114,237 |
$968,467 |
| 2 |
$1,738,440 |
$603,553
$119,952 |
$1,014,935 |
| 3 |
$1,825,340 |
$635,706
$125,948 |
$1,063,686 |
| 4 |
$1,916,640 |
$669,487
$132,248 |
$1,114,905 |
| 5 |
$2,012,450 |
$704,937
$138,859 |
$1,168,654 |
| 6 |
$2,113,100 |
$742,177
$145,804 |
$1,225,119 |
| 7 |
$2,218,700 |
$781,249
$153,090 |
$1,284,361 |
| 8 |
$2,329,690 |
$822,316
$160,749 |
$1,346,625 |
| 9 |
$2,446,180 |
$865,417
$168,786 |
$1,411,977 |
| 10 |
$2,568,500 |
$910,675
$177,227 |
$1,480,598 |
| 11 |
$2,696,870 |
$958,172
$186,084 |
$1,552,614 |
| 12 |
$2,831,730 |
$1,008,070
$195,389 |
$1,628,271 |
| 13 |
$2,973,300 |
$1,060,451
$205,158 |
$1,707,691 |
| 14 |
$3,122,020 |
$1,115,478
$215,419 |
$1,791,123 |
| 15 |
$3,278,110 |
$1,173,231
$226,190 |
$1,878,689 |
| 16 |
$3,442,010 |
$1,233,874
$237,499 |
$1,970,637 |
| 17 |
$3,614,050 |
$1,297,529
$249,369 |
$2,067,152 |
| 18 |
$3,794,780 |
$1,364,399
$261,840 |
$2,168,541 |
| 19 |
$3,984,530 |
$1,434,606
$274,933 |
$2,274,991 |
| 20 |
$4,183,740 |
$1,508,314
$288,678 |
$2,386,748 |
| 21 |
$4,392,960 |
$1,585,726
$303,114 |
$2,504,120 |
| 22 |
$4,612,630 |
$1,667,003
$318,271 |
$2,627,356 |
| 23 |
$4,843,190 |
$1,752,311
$334,180 |
$2,756,699 |
| 24 |
$5,085,410 |
$1,841,932
$350,893 |
$2,892,585 |
| 25 |
$5,339,620 |
$1,935,990
$368,434 |
$3,035,196 |
| 26 |
$5,606,700 |
$2,034,809
$386,862 |
$3,185,029 |
| 27 |
$5,886,980 |
$2,138,513
$406,202 |
$3,342,265 |
| 28 |
$6,181,340 |
$2,247,426
$426,512 |
$3,507,402 |
| 29 |
$6,490,440 |
$2,361,793
$447,840 |
$3,680,807 |
| 30 |
$6,814,940 |
$2,481,858
$470,231 |
$3,862,851 |
|
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