The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(6.9%) | $6,210,000 | | Net Lumpsum Payment | $50,529,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$209,781 |
$1,745,279 |
| 2 |
$3,192,408 |
$1,141,521
$220,276 |
$1,830,611 |
| 3 |
$3,351,988 |
$1,200,566
$231,287 |
$1,920,135 |
| 4 |
$3,519,648 |
$1,262,600
$242,856 |
$2,014,192 |
| 5 |
$3,695,590 |
$1,327,699
$254,996 |
$2,112,895 |
| 6 |
$3,880,420 |
$1,396,086
$267,749 |
$2,216,585 |
| 7 |
$4,074,340 |
$1,467,836
$281,129 |
$2,325,375 |
| 8 |
$4,278,158 |
$1,543,249
$295,193 |
$2,439,716 |
| 9 |
$4,492,076 |
$1,622,399
$309,953 |
$2,559,724 |
| 10 |
$4,716,700 |
$1,705,509
$325,452 |
$2,685,739 |
| 11 |
$4,952,434 |
$1,792,731
$341,718 |
$2,817,985 |
| 12 |
$5,200,086 |
$1,884,362
$358,806 |
$2,956,918 |
| 13 |
$5,460,060 |
$1,980,553
$376,744 |
$3,102,763 |
| 14 |
$5,733,164 |
$2,081,601
$395,588 |
$3,255,975 |
| 15 |
$6,019,802 |
$2,187,657
$415,366 |
$3,416,779 |
| 16 |
$6,320,782 |
$2,299,020
$436,134 |
$3,585,628 |
| 17 |
$6,636,710 |
$2,415,913
$457,933 |
$3,762,864 |
| 18 |
$6,968,596 |
$2,538,711
$480,833 |
$3,949,052 |
| 19 |
$7,317,046 |
$2,667,637
$504,876 |
$4,144,533 |
| 20 |
$7,682,868 |
$2,802,992
$530,118 |
$4,349,758 |
| 21 |
$8,067,072 |
$2,945,147
$556,628 |
$4,565,297 |
| 22 |
$8,470,466 |
$3,094,403
$584,462 |
$4,791,601 |
| 23 |
$8,893,858 |
$3,251,058
$613,676 |
$5,029,124 |
| 24 |
$9,338,662 |
$3,415,635
$644,368 |
$5,278,659 |
| 25 |
$9,805,484 |
$3,588,359
$676,578 |
$5,540,547 |
| 26 |
$10,295,940 |
$3,769,828
$710,420 |
$5,815,692 |
| 27 |
$10,810,636 |
$3,960,266
$745,934 |
$6,104,436 |
| 28 |
$11,351,188 |
$4,160,270
$783,232 |
$6,407,686 |
| 29 |
$11,918,808 |
$4,370,289
$822,398 |
$6,726,121 |
| 30 |
$12,514,708 |
$4,590,772
$863,515 |
$7,060,421 |
|
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