The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(6.9%) | $23,052,900 | | Net Lumpsum Payment | $187,469,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$741,503 |
$6,068,407 |
| 2 |
$11,284,056 |
$4,135,431
$778,600 |
$6,370,025 |
| 3 |
$11,848,116 |
$4,344,133
$817,520 |
$6,686,463 |
| 4 |
$12,440,736 |
$4,563,403
$858,411 |
$7,018,922 |
| 5 |
$13,062,630 |
$4,793,503
$901,321 |
$7,367,806 |
| 6 |
$13,715,940 |
$5,035,228
$946,400 |
$7,734,312 |
| 7 |
$14,401,380 |
$5,288,841
$993,695 |
$8,118,844 |
| 8 |
$15,121,806 |
$5,555,399
$1,043,405 |
$8,523,002 |
| 9 |
$15,877,932 |
$5,835,165
$1,095,577 |
$8,947,190 |
| 10 |
$16,671,900 |
$6,128,933
$1,150,361 |
$9,392,606 |
| 11 |
$17,505,138 |
$6,437,231
$1,207,855 |
$9,860,052 |
| 12 |
$18,380,502 |
$6,761,116
$1,268,255 |
$10,351,131 |
| 13 |
$19,299,420 |
$7,101,116
$1,331,660 |
$10,866,644 |
| 14 |
$20,264,748 |
$7,458,287
$1,398,268 |
$11,408,193 |
| 15 |
$21,277,914 |
$7,833,159
$1,468,176 |
$11,976,579 |
| 16 |
$22,341,774 |
$8,226,787
$1,541,582 |
$12,573,405 |
| 17 |
$23,458,470 |
$8,639,964
$1,618,634 |
$13,199,872 |
| 18 |
$24,631,572 |
$9,074,012
$1,699,578 |
$13,857,982 |
| 19 |
$25,863,222 |
$9,529,723
$1,784,562 |
$14,548,937 |
| 20 |
$27,156,276 |
$10,008,153
$1,873,783 |
$15,274,340 |
| 21 |
$28,514,304 |
$10,510,623
$1,967,487 |
$16,036,194 |
| 22 |
$29,940,162 |
$11,038,190
$2,065,871 |
$16,836,101 |
| 23 |
$31,436,706 |
$11,591,912
$2,169,133 |
$17,675,661 |
| 24 |
$33,008,934 |
$12,173,636
$2,277,616 |
$18,557,682 |
| 25 |
$34,658,988 |
$12,784,156
$2,391,470 |
$19,483,362 |
| 26 |
$36,392,580 |
$13,425,585
$2,511,088 |
$20,455,907 |
| 27 |
$38,211,852 |
$14,098,716
$2,636,618 |
$21,476,518 |
| 28 |
$40,122,516 |
$14,805,661
$2,768,454 |
$22,548,401 |
| 29 |
$42,128,856 |
$15,548,007
$2,906,891 |
$23,673,958 |
| 30 |
$44,235,156 |
$16,327,338
$3,052,226 |
$24,855,592 |
|
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