Jackpot Analysis South Carolina Powerball

Jackpot Analysis for South Carolina Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(6.9%)$15,104,100
Net Lumpsum Payment$122,842,570
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$500,566
$4,109,490
2 $7,617,528 $2,778,816
$525,609
$4,313,103
3 $7,998,308 $2,919,704
$551,883
$4,526,721
4 $8,398,368 $3,067,727
$579,487
$4,751,154
5 $8,818,190 $3,223,061
$608,455
$4,986,674
6 $9,259,220 $3,386,242
$638,886
$5,234,092
7 $9,721,940 $3,557,448
$670,814
$5,493,678
8 $10,208,278 $3,737,393
$704,371
$5,766,514
9 $10,718,716 $3,926,255
$739,591
$6,052,870
10 $11,254,700 $4,124,569
$776,574
$6,353,557
11 $11,817,194 $4,332,692
$815,386
$6,669,116
12 $12,408,126 $4,551,337
$856,161
$7,000,628
13 $13,028,460 $4,780,861
$898,964
$7,348,635
14 $13,680,124 $5,021,976
$943,929
$7,714,219
15 $14,364,082 $5,275,041
$991,122
$8,097,919
16 $15,082,262 $5,540,767
$1,040,676
$8,500,819
17 $15,836,110 $5,819,691
$1,092,692
$8,923,727
18 $16,628,036 $6,112,704
$1,147,334
$9,367,998
19 $17,459,486 $6,420,340
$1,204,705
$9,834,441
20 $18,332,388 $6,743,314
$1,264,935
$10,324,139
21 $19,249,152 $7,082,517
$1,328,191
$10,838,444
22 $20,211,706 $7,438,662
$1,394,608
$11,378,436
23 $21,221,978 $7,812,462
$1,464,316
$11,945,200
24 $22,283,342 $8,205,167
$1,537,551
$12,540,624
25 $23,397,244 $8,617,311
$1,614,410
$13,165,523
26 $24,567,540 $9,050,320
$1,695,160
$13,822,060
27 $25,795,676 $9,504,731
$1,779,902
$14,511,043
28 $27,085,508 $9,981,968
$1,868,900
$15,234,640
29 $28,439,928 $10,483,104
$1,962,355
$15,994,469
30 $29,861,828 $11,009,207
$2,060,466
$16,792,155