The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Sat Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(6.9%) | $29,594,100 | | Net Lumpsum Payment | $240,652,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$986,593 |
$8,061,100 |
| 2 |
$15,013,800 |
$5,515,436
$1,035,952 |
$8,462,412 |
| 3 |
$15,764,300 |
$5,793,121
$1,087,737 |
$8,883,442 |
| 4 |
$16,552,800 |
$6,084,866
$1,142,143 |
$9,325,791 |
| 5 |
$17,380,250 |
$6,391,023
$1,199,237 |
$9,789,990 |
| 6 |
$18,249,500 |
$6,712,645
$1,259,216 |
$10,277,639 |
| 7 |
$19,161,500 |
$7,050,085
$1,322,144 |
$10,789,271 |
| 8 |
$20,120,050 |
$7,404,749
$1,388,283 |
$11,327,018 |
| 9 |
$21,126,100 |
$7,776,987
$1,457,701 |
$11,891,412 |
| 10 |
$22,182,500 |
$8,167,855
$1,530,593 |
$12,484,052 |
| 11 |
$23,291,150 |
$8,578,056
$1,607,089 |
$13,106,005 |
| 12 |
$24,455,850 |
$9,008,995
$1,687,454 |
$13,759,401 |
| 13 |
$25,678,500 |
$9,461,375
$1,771,817 |
$14,445,308 |
| 14 |
$26,962,900 |
$9,936,603
$1,860,440 |
$15,165,857 |
| 15 |
$28,310,950 |
$10,435,382
$1,953,456 |
$15,922,112 |
| 16 |
$29,726,450 |
$10,959,117
$2,051,125 |
$16,716,208 |
| 17 |
$31,212,250 |
$11,508,863
$2,153,645 |
$17,549,742 |
| 18 |
$32,773,100 |
$12,086,377
$2,261,344 |
$18,425,379 |
| 19 |
$34,411,850 |
$12,692,715
$2,374,418 |
$19,344,717 |
| 20 |
$36,132,300 |
$13,329,281
$2,493,129 |
$20,309,890 |
| 21 |
$37,939,200 |
$13,997,834
$2,617,805 |
$21,323,561 |
| 22 |
$39,836,350 |
$14,699,780
$2,748,708 |
$22,387,862 |
| 23 |
$41,827,550 |
$15,436,524
$2,886,101 |
$23,504,925 |
| 24 |
$43,919,450 |
$16,210,527
$3,030,442 |
$24,678,481 |
| 25 |
$46,114,900 |
$17,022,843
$3,181,928 |
$25,910,129 |
| 26 |
$48,421,500 |
$17,876,285
$3,341,084 |
$27,204,131 |
| 27 |
$50,842,100 |
$18,771,907
$3,508,105 |
$28,562,088 |
| 28 |
$53,384,300 |
$19,712,521
$3,683,517 |
$29,988,262 |
| 29 |
$56,053,800 |
$20,700,236
$3,867,712 |
$31,485,852 |
| 30 |
$58,856,300 |
$21,737,161
$4,061,085 |
$33,058,054 |
|
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