The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 Tue Aug 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(6.9%) | $6,693,000 | | Net Lumpsum Payment | $54,456,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$224,320 |
$1,863,490 |
| 2 |
$3,413,664 |
$1,223,386
$235,543 |
$1,954,735 |
| 3 |
$3,584,304 |
$1,286,523
$247,317 |
$2,050,464 |
| 4 |
$3,763,584 |
$1,352,856
$259,687 |
$2,151,041 |
| 5 |
$3,951,720 |
$1,422,467
$272,669 |
$2,256,584 |
| 6 |
$4,149,360 |
$1,495,594
$286,306 |
$2,367,460 |
| 7 |
$4,356,720 |
$1,572,317
$300,614 |
$2,483,789 |
| 8 |
$4,574,664 |
$1,652,956
$315,652 |
$2,606,056 |
| 9 |
$4,803,408 |
$1,737,591
$331,435 |
$2,734,382 |
| 10 |
$5,043,600 |
$1,826,462
$348,008 |
$2,869,130 |
| 11 |
$5,295,672 |
$1,919,729
$365,401 |
$3,010,542 |
| 12 |
$5,560,488 |
$2,017,711
$383,674 |
$3,159,103 |
| 13 |
$5,838,480 |
$2,120,568
$402,855 |
$3,315,057 |
| 14 |
$6,130,512 |
$2,228,620
$423,005 |
$3,478,887 |
| 15 |
$6,437,016 |
$2,342,026
$444,154 |
$3,650,836 |
| 16 |
$6,758,856 |
$2,461,107
$466,361 |
$3,831,388 |
| 17 |
$7,096,680 |
$2,586,102
$489,671 |
$4,020,907 |
| 18 |
$7,451,568 |
$2,717,411
$514,158 |
$4,219,999 |
| 19 |
$7,824,168 |
$2,855,273
$539,868 |
$4,429,027 |
| 20 |
$8,215,344 |
$3,000,008
$566,859 |
$4,648,477 |
| 21 |
$8,626,176 |
$3,152,016
$595,206 |
$4,878,954 |
| 22 |
$9,057,528 |
$3,311,616
$624,969 |
$5,120,943 |
| 23 |
$9,510,264 |
$3,479,128
$656,208 |
$5,374,928 |
| 24 |
$9,985,896 |
$3,655,112
$689,027 |
$5,641,757 |
| 25 |
$10,485,072 |
$3,839,807
$723,470 |
$5,921,795 |
| 26 |
$11,009,520 |
$4,033,853
$759,657 |
$6,216,010 |
| 27 |
$11,559,888 |
$4,237,489
$797,632 |
$6,524,767 |
| 28 |
$12,137,904 |
$4,451,355
$837,515 |
$6,849,034 |
| 29 |
$12,744,864 |
$4,675,930
$879,396 |
$7,189,538 |
| 30 |
$13,382,064 |
$4,911,694
$923,362 |
$7,547,008 |
|
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