Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.

South Dakota MEGA Millions Jackpot/Cash Option for Fri Aug 8, 2025
Draw DateFri Aug 8, 2025
Projected Jackpot$166,000,000
Cash Value$75,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$75,200,000
Federal Tax(24%)$18,048,000
Additional Federal Tax$9,736,330
State Tax(0%)$0
Net Lumpsum Payment$47,415,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,498,466 $884,763
$0
$1,613,703
2 $2,623,464 $931,012
$0
$1,692,452
3 $2,754,604 $979,534
$0
$1,775,070
4 $2,892,384 $1,030,512
$0
$1,861,872
5 $3,036,970 $1,084,009
$0
$1,952,961
6 $3,188,860 $1,140,209
$0
$2,048,651
7 $3,348,220 $1,199,172
$0
$2,149,048
8 $3,515,714 $1,261,145
$0
$2,254,569
9 $3,691,508 $1,326,188
$0
$2,365,320
10 $3,876,100 $1,394,487
$0
$2,481,613
11 $4,069,822 $1,466,165
$0
$2,603,657
12 $4,273,338 $1,541,465
$0
$2,731,873
13 $4,486,980 $1,620,513
$0
$2,866,467
14 $4,711,412 $1,703,553
$0
$3,007,859
15 $4,946,966 $1,790,708
$0
$3,156,258
16 $5,194,306 $1,882,224
$0
$3,312,082
17 $5,453,930 $1,978,284
$0
$3,475,646
18 $5,726,668 $2,079,198
$0
$3,647,470
19 $6,013,018 $2,185,147
$0
$3,827,871
20 $6,313,644 $2,296,379
$0
$4,017,265
21 $6,629,376 $2,413,200
$0
$4,216,176
22 $6,960,878 $2,535,855
$0
$4,425,023
23 $7,308,814 $2,664,592
$0
$4,644,222
24 $7,674,346 $2,799,838
$0
$4,874,508
25 $8,057,972 $2,941,780
$0
$5,116,192
26 $8,461,020 $3,090,908
$0
$5,370,112
27 $8,883,988 $3,247,406
$0
$5,636,582
28 $9,328,204 $3,411,766
$0
$5,916,438
29 $9,794,664 $3,584,356
$0
$6,210,308
30 $10,284,364 $3,765,545
$0
$6,518,819