The jackpot for the MEGA Millions draw on Fri Dec 26, 2025, is projected to be $125 Million, with an option for a cash payout of $56.9 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 Fri Dec 26, 2025 |
|---|
| Draw Date | Fri Dec 26, 2025 | | Projected Jackpot | $125,000,000 | | Cash Value | $56,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,900,000 | | Federal Tax(24%) | $13,656,000 | | Additional Federal Tax | $7,357,330 | | State Tax(6.9%) | $3,926,100 | | Net Lumpsum Payment | $31,960,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,881,375 |
$656,439
$129,815 |
$1,095,121 |
| 2 |
$1,975,500 |
$691,265
$136,310 |
$1,147,925 |
| 3 |
$2,074,250 |
$727,803
$143,123 |
$1,203,324 |
| 4 |
$2,178,000 |
$766,190
$150,282 |
$1,261,528 |
| 5 |
$2,286,875 |
$806,474
$157,794 |
$1,322,607 |
| 6 |
$2,401,250 |
$848,793
$165,686 |
$1,386,771 |
| 7 |
$2,521,250 |
$893,193
$173,966 |
$1,454,091 |
| 8 |
$2,647,375 |
$939,859
$182,669 |
$1,524,847 |
| 9 |
$2,779,750 |
$988,838
$191,803 |
$1,599,109 |
| 10 |
$2,918,750 |
$1,040,268
$201,394 |
$1,677,088 |
| 11 |
$3,064,625 |
$1,094,242
$211,459 |
$1,758,924 |
| 12 |
$3,217,875 |
$1,150,944
$222,033 |
$1,844,898 |
| 13 |
$3,378,750 |
$1,210,468
$233,134 |
$1,935,148 |
| 14 |
$3,547,750 |
$1,272,998
$244,795 |
$2,029,957 |
| 15 |
$3,725,125 |
$1,338,627
$257,034 |
$2,129,464 |
| 16 |
$3,911,375 |
$1,407,539
$269,885 |
$2,233,951 |
| 17 |
$4,106,875 |
$1,479,874
$283,374 |
$2,343,627 |
| 18 |
$4,312,250 |
$1,555,863
$297,545 |
$2,458,842 |
| 19 |
$4,527,875 |
$1,635,644
$312,423 |
$2,579,808 |
| 20 |
$4,754,250 |
$1,719,403
$328,043 |
$2,706,804 |
| 21 |
$4,992,000 |
$1,807,370
$344,448 |
$2,840,182 |
| 22 |
$5,241,625 |
$1,899,732
$361,672 |
$2,980,221 |
| 23 |
$5,503,625 |
$1,996,672
$379,750 |
$3,127,203 |
| 24 |
$5,778,875 |
$2,098,514
$398,742 |
$3,281,619 |
| 25 |
$6,067,750 |
$2,205,398
$418,675 |
$3,443,677 |
| 26 |
$6,371,250 |
$2,317,693
$439,616 |
$3,613,941 |
| 27 |
$6,689,750 |
$2,435,538
$461,593 |
$3,792,619 |
| 28 |
$7,024,250 |
$2,559,303
$484,673 |
$3,980,274 |
| 29 |
$7,375,500 |
$2,689,265
$508,910 |
$4,177,325 |
| 30 |
$7,744,250 |
$2,825,703
$534,353 |
$4,384,194 |
|
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