The jackpot for the MEGA Millions draw on Fri May 9, 2025, is projected to be $100 Million, with an option for a cash payout of $45.3 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 May 9, 2025 |
|---|
| Draw Date | Fri May 9, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,300,000 | | Federal Tax(24%) | $10,872,000 | | Additional Federal Tax | $5,849,330 | | State Tax(6.9%) | $3,125,700 | | Net Lumpsum Payment | $25,452,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$103,852 |
$884,031 |
| 2 |
$1,580,400 |
$545,078
$109,048 |
$926,274 |
| 3 |
$1,659,400 |
$574,308
$114,499 |
$970,593 |
| 4 |
$1,742,400 |
$605,018
$120,226 |
$1,017,156 |
| 5 |
$1,829,500 |
$637,245
$126,236 |
$1,066,019 |
| 6 |
$1,921,000 |
$671,100
$132,549 |
$1,117,351 |
| 7 |
$2,017,000 |
$706,620
$139,173 |
$1,171,207 |
| 8 |
$2,117,900 |
$743,953
$146,135 |
$1,227,812 |
| 9 |
$2,223,800 |
$783,136
$153,442 |
$1,287,222 |
| 10 |
$2,335,000 |
$824,280
$161,115 |
$1,349,605 |
| 11 |
$2,451,700 |
$867,459
$169,167 |
$1,415,074 |
| 12 |
$2,574,300 |
$912,821
$177,627 |
$1,483,852 |
| 13 |
$2,703,000 |
$960,440
$186,507 |
$1,556,053 |
| 14 |
$2,838,200 |
$1,010,464
$195,836 |
$1,631,900 |
| 15 |
$2,980,100 |
$1,062,967
$205,627 |
$1,711,506 |
| 16 |
$3,129,100 |
$1,118,097
$215,908 |
$1,795,095 |
| 17 |
$3,285,500 |
$1,175,965
$226,700 |
$1,882,835 |
| 18 |
$3,449,800 |
$1,236,756
$238,036 |
$1,975,008 |
| 19 |
$3,622,300 |
$1,300,581
$249,939 |
$2,071,780 |
| 20 |
$3,803,400 |
$1,367,588
$262,435 |
$2,173,377 |
| 21 |
$3,993,600 |
$1,437,962
$275,558 |
$2,280,080 |
| 22 |
$4,193,300 |
$1,511,851
$289,338 |
$2,392,111 |
| 23 |
$4,402,900 |
$1,589,403
$303,800 |
$2,509,697 |
| 24 |
$4,623,100 |
$1,670,877
$318,994 |
$2,633,229 |
| 25 |
$4,854,200 |
$1,756,384
$334,940 |
$2,762,876 |
| 26 |
$5,097,000 |
$1,846,220
$351,693 |
$2,899,087 |
| 27 |
$5,351,800 |
$1,940,496
$369,274 |
$3,042,030 |
| 28 |
$5,619,400 |
$2,039,508
$387,739 |
$3,192,153 |
| 29 |
$5,900,400 |
$2,143,478
$407,128 |
$3,349,794 |
| 30 |
$6,195,400 |
$2,252,628
$427,483 |
$3,515,289 |
|
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