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 Date | Tue 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 |
|
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