The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(6.9%) | $10,729,500 | | Net Lumpsum Payment | $87,275,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$361,405 |
$2,978,046 |
| 2 |
$5,499,792 |
$1,995,253
$379,486 |
$3,125,053 |
| 3 |
$5,774,712 |
$2,096,974
$398,455 |
$3,279,283 |
| 4 |
$6,063,552 |
$2,203,845
$418,385 |
$3,441,322 |
| 5 |
$6,366,660 |
$2,315,995
$439,300 |
$3,611,365 |
| 6 |
$6,685,080 |
$2,433,810
$461,271 |
$3,789,999 |
| 7 |
$7,019,160 |
$2,557,420
$484,322 |
$3,977,418 |
| 8 |
$7,370,292 |
$2,687,338
$508,550 |
$4,174,404 |
| 9 |
$7,738,824 |
$2,823,695
$533,979 |
$4,381,150 |
| 10 |
$8,125,800 |
$2,966,876
$560,680 |
$4,598,244 |
| 11 |
$8,531,916 |
$3,117,139
$588,702 |
$4,826,075 |
| 12 |
$8,958,564 |
$3,274,999
$618,141 |
$5,065,424 |
| 13 |
$9,406,440 |
$3,440,713
$649,044 |
$5,316,683 |
| 14 |
$9,876,936 |
$3,614,797
$681,509 |
$5,580,630 |
| 15 |
$10,370,748 |
$3,797,507
$715,582 |
$5,857,659 |
| 16 |
$10,889,268 |
$3,989,360
$751,359 |
$6,148,549 |
| 17 |
$11,433,540 |
$4,190,740
$788,914 |
$6,453,886 |
| 18 |
$12,005,304 |
$4,402,293
$828,366 |
$6,774,645 |
| 19 |
$12,605,604 |
$4,624,404
$869,787 |
$7,111,413 |
| 20 |
$13,235,832 |
$4,857,588
$913,272 |
$7,464,972 |
| 21 |
$13,897,728 |
$5,102,490
$958,943 |
$7,836,295 |
| 22 |
$14,592,684 |
$5,359,623
$1,006,895 |
$8,226,166 |
| 23 |
$15,322,092 |
$5,629,504
$1,057,224 |
$8,635,364 |
| 24 |
$16,088,388 |
$5,913,034
$1,110,099 |
$9,065,255 |
| 25 |
$16,892,616 |
$6,210,598
$1,165,591 |
$9,516,427 |
| 26 |
$17,737,560 |
$6,523,228
$1,223,892 |
$9,990,440 |
| 27 |
$18,624,264 |
$6,851,308
$1,285,074 |
$10,487,882 |
| 28 |
$19,555,512 |
$7,195,870
$1,349,330 |
$11,010,312 |
| 29 |
$20,533,392 |
$7,557,685
$1,416,804 |
$11,558,903 |
| 30 |
$21,559,992 |
$7,937,527
$1,487,639 |
$12,134,826 |
|
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