The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(6.9%) | $13,558,500 | | Net Lumpsum Payment | $110,276,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$439,294 |
$3,611,317 |
| 2 |
$6,685,092 |
$2,433,814
$461,271 |
$3,790,007 |
| 3 |
$7,019,262 |
$2,557,457
$484,329 |
$3,977,476 |
| 4 |
$7,370,352 |
$2,687,361
$508,554 |
$4,174,437 |
| 5 |
$7,738,785 |
$2,823,681
$533,976 |
$4,381,128 |
| 6 |
$8,125,830 |
$2,966,887
$560,682 |
$4,598,261 |
| 7 |
$8,531,910 |
$3,117,137
$588,702 |
$4,826,071 |
| 8 |
$8,958,717 |
$3,275,056
$618,151 |
$5,065,510 |
| 9 |
$9,406,674 |
$3,440,800
$649,061 |
$5,316,813 |
| 10 |
$9,877,050 |
$3,614,839
$681,516 |
$5,580,695 |
| 11 |
$10,370,691 |
$3,797,486
$715,578 |
$5,857,627 |
| 12 |
$10,889,289 |
$3,989,367
$751,361 |
$6,148,561 |
| 13 |
$11,433,690 |
$4,190,796
$788,925 |
$6,453,969 |
| 14 |
$12,005,586 |
$4,402,397
$828,385 |
$6,774,804 |
| 15 |
$12,605,823 |
$4,624,485
$869,802 |
$7,111,536 |
| 16 |
$13,236,093 |
$4,857,685
$913,290 |
$7,465,118 |
| 17 |
$13,897,665 |
$5,102,466
$958,939 |
$7,836,260 |
| 18 |
$14,592,654 |
$5,359,612
$1,006,893 |
$8,226,149 |
| 19 |
$15,322,329 |
$5,629,592
$1,057,241 |
$8,635,496 |
| 20 |
$16,088,382 |
$5,913,032
$1,110,098 |
$9,065,252 |
| 21 |
$16,892,928 |
$6,210,714
$1,165,612 |
$9,516,602 |
| 22 |
$17,737,659 |
$6,523,264
$1,223,898 |
$9,990,497 |
| 23 |
$18,624,267 |
$6,851,309
$1,285,074 |
$10,487,884 |
| 24 |
$19,555,713 |
$7,195,944
$1,349,344 |
$11,010,425 |
| 25 |
$20,533,266 |
$7,557,639
$1,416,795 |
$11,558,832 |
| 26 |
$21,560,310 |
$7,937,645
$1,487,661 |
$12,135,004 |
| 27 |
$22,638,114 |
$8,336,433
$1,562,030 |
$12,739,651 |
| 28 |
$23,770,062 |
$8,755,253
$1,640,134 |
$13,374,675 |
| 29 |
$24,958,692 |
$9,195,046
$1,722,150 |
$14,041,496 |
| 30 |
$26,206,542 |
$9,656,751
$1,808,251 |
$14,741,540 |
|
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