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 |
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Draw Date | Sat Aug 9, 2025 | Projected Jackpot | $482,000,000 | Cash Value | $218,900,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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