The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(6.9%) | $18,257,400 | | Net Lumpsum Payment | $148,480,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$597,148 |
$4,894,746 |
| 2 |
$9,087,300 |
$3,322,631
$627,024 |
$5,137,645 |
| 3 |
$9,541,550 |
$3,490,704
$658,367 |
$5,392,479 |
| 4 |
$10,018,800 |
$3,667,286
$691,297 |
$5,660,217 |
| 5 |
$10,519,625 |
$3,852,592
$725,854 |
$5,941,179 |
| 6 |
$11,045,750 |
$4,047,258
$762,157 |
$6,236,335 |
| 7 |
$11,597,750 |
$4,251,498
$800,245 |
$6,546,007 |
| 8 |
$12,177,925 |
$4,466,163
$840,277 |
$6,871,485 |
| 9 |
$12,786,850 |
$4,691,465
$882,293 |
$7,213,092 |
| 10 |
$13,426,250 |
$4,928,043
$926,411 |
$7,571,796 |
| 11 |
$14,097,275 |
$5,176,322
$972,712 |
$7,948,241 |
| 12 |
$14,802,225 |
$5,437,154
$1,021,354 |
$8,343,717 |
| 13 |
$15,542,250 |
$5,710,963
$1,072,415 |
$8,758,872 |
| 14 |
$16,319,650 |
$5,998,601
$1,126,056 |
$9,194,993 |
| 15 |
$17,135,575 |
$6,300,493
$1,182,355 |
$9,652,727 |
| 16 |
$17,992,325 |
$6,617,491
$1,241,470 |
$10,133,364 |
| 17 |
$18,891,625 |
$6,950,232
$1,303,522 |
$10,637,871 |
| 18 |
$19,836,350 |
$7,299,780
$1,368,708 |
$11,167,862 |
| 19 |
$20,828,225 |
$7,666,774
$1,437,148 |
$11,724,303 |
| 20 |
$21,869,550 |
$8,052,064
$1,508,999 |
$12,308,487 |
| 21 |
$22,963,200 |
$8,456,714
$1,584,461 |
$12,922,025 |
| 22 |
$24,111,475 |
$8,881,576
$1,663,692 |
$13,566,207 |
| 23 |
$25,316,675 |
$9,327,500
$1,746,851 |
$14,242,324 |
| 24 |
$26,582,825 |
$9,795,976
$1,834,215 |
$14,952,634 |
| 25 |
$27,911,650 |
$10,287,641
$1,925,904 |
$15,698,105 |
| 26 |
$29,307,750 |
$10,804,198
$2,022,235 |
$16,481,317 |
| 27 |
$30,772,850 |
$11,346,285
$2,123,327 |
$17,303,238 |
| 28 |
$32,311,550 |
$11,915,604
$2,229,497 |
$18,166,449 |
| 29 |
$33,927,300 |
$12,513,431
$2,340,984 |
$19,072,885 |
| 30 |
$35,623,550 |
$13,141,044
$2,458,025 |
$20,024,481 |
|
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