Jackpot Analysis South Carolina Powerball

Jackpot Analysis for South Carolina Powerball
The jackpot for the Powerball draw on Mon Apr 21, 2025, is projected to be $139 Million, with an option for a cash payout of $63.8 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 Mon Apr 21, 2025
Draw DateMon Apr 21, 2025
Projected Jackpot$139,000,000
Cash Value$63,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$63,800,000
Federal Tax(24%)$15,312,000
Additional Federal Tax$8,254,330
State Tax(6.9%)$4,402,200
Net Lumpsum Payment$35,831,470
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,092,089 $734,403
$144,354
$1,213,332
2 $2,196,756 $773,130
$151,576
$1,272,050
3 $2,306,566 $813,760
$159,153
$1,333,653
4 $2,421,936 $856,447
$167,114
$1,398,375
5 $2,543,005 $901,242
$175,467
$1,466,296
6 $2,670,190 $948,301
$184,243
$1,537,646
7 $2,803,630 $997,673
$193,450
$1,612,507
8 $2,943,881 $1,049,566
$203,128
$1,691,187
9 $3,091,082 $1,104,031
$213,285
$1,773,766
10 $3,245,650 $1,161,221
$223,950
$1,860,479
11 $3,407,863 $1,221,240
$235,143
$1,951,480
12 $3,578,277 $1,284,293
$246,901
$2,047,083
13 $3,757,170 $1,350,483
$259,245
$2,147,442
14 $3,945,098 $1,420,017
$272,212
$2,252,869
15 $4,142,339 $1,492,996
$285,821
$2,363,522
16 $4,349,449 $1,569,627
$300,112
$2,479,710
17 $4,566,845 $1,650,063
$315,112
$2,601,670
18 $4,795,222 $1,734,563
$330,870
$2,729,789
19 $5,034,997 $1,823,279
$347,415
$2,864,303
20 $5,286,726 $1,916,419
$364,784
$3,005,523
21 $5,551,104 $2,014,239
$383,026
$3,153,839
22 $5,828,687 $2,116,945
$402,179
$3,309,563
23 $6,120,031 $2,224,742
$422,282
$3,473,007
24 $6,426,109 $2,337,991
$443,402
$3,644,716
25 $6,747,338 $2,456,845
$465,566
$3,824,927
26 $7,084,830 $2,581,717
$488,853
$4,014,260
27 $7,439,002 $2,712,761
$513,291
$4,212,950
28 $7,810,966 $2,850,388
$538,957
$4,421,621
29 $8,201,556 $2,994,906
$565,907
$4,640,743
30 $8,611,606 $3,146,625
$594,201
$4,870,780