Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
The jackpot for the MEGA Millions draw on Tue Mar 18, 2025, is projected to be $301 Million, with an option for a cash payout of $139.5 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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.

South Dakota MEGA Millions Jackpot/Cash Option for Tue Mar 18, 2025
Draw DateTue Mar 18, 2025
Projected Jackpot$301,000,000
Cash Value$139,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$139,500,000
Federal Tax(24%)$33,480,000
Additional Federal Tax$18,095,330
State Tax(0%)$0
Net Lumpsum Payment$87,924,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,530,351 $1,636,560
$0
$2,893,791
2 $4,757,004 $1,720,422
$0
$3,036,582
3 $4,994,794 $1,808,404
$0
$3,186,390
4 $5,244,624 $1,900,841
$0
$3,343,783
5 $5,506,795 $1,997,845
$0
$3,508,950
6 $5,782,210 $2,099,748
$0
$3,682,462
7 $6,071,170 $2,206,663
$0
$3,864,507
8 $6,374,879 $2,319,036
$0
$4,055,843
9 $6,693,638 $2,436,976
$0
$4,256,662
10 $7,028,350 $2,560,820
$0
$4,467,530
11 $7,379,617 $2,690,789
$0
$4,688,828
12 $7,748,643 $2,827,328
$0
$4,921,315
13 $8,136,030 $2,970,661
$0
$5,165,369
14 $8,542,982 $3,121,234
$0
$5,421,748
15 $8,970,101 $3,279,268
$0
$5,690,833
16 $9,418,591 $3,445,209
$0
$5,973,382
17 $9,889,355 $3,619,392
$0
$6,269,963
18 $10,383,898 $3,802,373
$0
$6,581,525
19 $10,903,123 $3,994,486
$0
$6,908,637
20 $11,448,234 $4,196,177
$0
$7,252,057
21 $12,020,736 $4,408,003
$0
$7,612,733
22 $12,621,833 $4,630,409
$0
$7,991,424
23 $13,252,729 $4,863,840
$0
$8,388,889
24 $13,915,531 $5,109,077
$0
$8,806,454
25 $14,611,142 $5,366,453
$0
$9,244,689
26 $15,341,970 $5,636,859
$0
$9,705,111
27 $16,108,918 $5,920,630
$0
$10,188,288
28 $16,914,394 $6,218,656
$0
$10,695,738
29 $17,760,204 $6,531,606
$0
$11,228,598
30 $18,648,154 $6,860,147
$0
$11,788,007