Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
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 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 Jun 27, 2025
Draw DateFri 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(0%)$0
Net Lumpsum Payment$98,004,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$0
$3,339,451
2 $5,499,792 $1,995,253
$0
$3,504,539
3 $5,774,712 $2,096,974
$0
$3,677,738
4 $6,063,552 $2,203,845
$0
$3,859,707
5 $6,366,660 $2,315,995
$0
$4,050,665
6 $6,685,080 $2,433,810
$0
$4,251,270
7 $7,019,160 $2,557,420
$0
$4,461,740
8 $7,370,292 $2,687,338
$0
$4,682,954
9 $7,738,824 $2,823,695
$0
$4,915,129
10 $8,125,800 $2,966,876
$0
$5,158,924
11 $8,531,916 $3,117,139
$0
$5,414,777
12 $8,958,564 $3,274,999
$0
$5,683,565
13 $9,406,440 $3,440,713
$0
$5,965,727
14 $9,876,936 $3,614,797
$0
$6,262,139
15 $10,370,748 $3,797,507
$0
$6,573,241
16 $10,889,268 $3,989,360
$0
$6,899,908
17 $11,433,540 $4,190,740
$0
$7,242,800
18 $12,005,304 $4,402,293
$0
$7,603,011
19 $12,605,604 $4,624,404
$0
$7,981,200
20 $13,235,832 $4,857,588
$0
$8,378,244
21 $13,897,728 $5,102,490
$0
$8,795,238
22 $14,592,684 $5,359,623
$0
$9,233,061
23 $15,322,092 $5,629,504
$0
$9,692,588
24 $16,088,388 $5,913,034
$0
$10,175,354
25 $16,892,616 $6,210,598
$0
$10,682,018
26 $17,737,560 $6,523,228
$0
$11,214,332
27 $18,624,264 $6,851,308
$0
$11,772,956
28 $19,555,512 $7,195,870
$0
$12,359,642
29 $20,533,392 $7,557,685
$0
$12,975,707
30 $21,559,992 $7,937,527
$0
$13,622,465