The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 South Carolina residents, the state will deduct 6.9% from your lottery earnings.
| South Carolina MEGA Millions Jackpot/Cash Option for Fri Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(6.9%) | $27,027,300 | | Net Lumpsum Payment | $219,783,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$875,472 |
$7,157,633 |
| 2 |
$13,322,772 |
$4,889,756
$919,271 |
$7,513,745 |
| 3 |
$13,988,742 |
$5,136,165
$965,223 |
$7,887,354 |
| 4 |
$14,688,432 |
$5,395,050
$1,013,502 |
$8,279,880 |
| 5 |
$15,422,685 |
$5,666,724
$1,064,165 |
$8,691,796 |
| 6 |
$16,194,030 |
$5,952,121
$1,117,388 |
$9,124,521 |
| 7 |
$17,003,310 |
$6,251,555
$1,173,228 |
$9,578,527 |
| 8 |
$17,853,897 |
$6,566,272
$1,231,919 |
$10,055,706 |
| 9 |
$18,746,634 |
$6,896,585
$1,293,518 |
$10,556,531 |
| 10 |
$19,684,050 |
$7,243,429
$1,358,199 |
$11,082,422 |
| 11 |
$20,667,831 |
$7,607,428
$1,426,080 |
$11,634,323 |
| 12 |
$21,701,349 |
$7,989,830
$1,497,393 |
$12,214,126 |
| 13 |
$22,786,290 |
$8,391,258
$1,572,254 |
$12,822,778 |
| 14 |
$23,926,026 |
$8,812,960
$1,650,896 |
$13,462,170 |
| 15 |
$25,122,243 |
$9,255,560
$1,733,435 |
$14,133,248 |
| 16 |
$26,378,313 |
$9,720,306
$1,820,104 |
$14,837,903 |
| 17 |
$27,696,765 |
$10,208,133
$1,911,077 |
$15,577,555 |
| 18 |
$29,081,814 |
$10,720,602
$2,006,645 |
$16,354,567 |
| 19 |
$30,535,989 |
$11,258,646
$2,106,983 |
$17,170,360 |
| 20 |
$32,062,662 |
$11,823,515
$2,212,324 |
$18,026,823 |
| 21 |
$33,666,048 |
$12,416,768
$2,322,957 |
$18,926,323 |
| 22 |
$35,349,519 |
$13,039,652
$2,439,117 |
$19,870,750 |
| 23 |
$37,116,447 |
$13,693,416
$2,561,035 |
$20,861,996 |
| 24 |
$38,972,733 |
$14,380,242
$2,689,119 |
$21,903,372 |
| 25 |
$40,920,906 |
$15,101,066
$2,823,543 |
$22,996,297 |
| 26 |
$42,967,710 |
$15,858,383
$2,964,772 |
$24,144,555 |
| 27 |
$45,115,674 |
$16,653,130
$3,112,982 |
$25,349,562 |
| 28 |
$47,371,542 |
$17,487,801
$3,268,636 |
$26,615,105 |
| 29 |
$49,740,372 |
$18,364,268
$3,432,086 |
$27,944,018 |
| 30 |
$52,227,222 |
$19,284,403
$3,603,678 |
$29,339,141 |
|
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