Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 25, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Apr 25, 2025
Draw DateFri Apr 25, 2025
Projected Jackpot$60,000,000
Cash Value$26,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$26,900,000
Federal Tax(24%)$6,456,000
Additional Federal Tax$3,457,330
State Tax(0%)$0
Net Lumpsum Payment$16,986,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $903,060 $294,463
$0
$608,597
2 $948,240 $311,179
$0
$637,061
3 $995,640 $328,717
$0
$666,923
4 $1,045,440 $347,143
$0
$698,297
5 $1,097,700 $366,479
$0
$731,221
6 $1,152,600 $386,792
$0
$765,808
7 $1,210,200 $408,104
$0
$802,096
8 $1,270,740 $430,504
$0
$840,236
9 $1,334,280 $454,014
$0
$880,266
10 $1,401,000 $478,700
$0
$922,300
11 $1,471,020 $504,608
$0
$966,412
12 $1,544,580 $531,825
$0
$1,012,755
13 $1,621,800 $560,396
$0
$1,061,404
14 $1,702,920 $590,411
$0
$1,112,509
15 $1,788,060 $621,913
$0
$1,166,147
16 $1,877,460 $654,991
$0
$1,222,469
17 $1,971,300 $689,711
$0
$1,281,589
18 $2,069,880 $726,186
$0
$1,343,694
19 $2,173,380 $764,481
$0
$1,408,899
20 $2,282,040 $804,685
$0
$1,477,355
21 $2,396,160 $846,910
$0
$1,549,250
22 $2,515,980 $891,243
$0
$1,624,737
23 $2,641,740 $937,774
$0
$1,703,966
24 $2,773,860 $986,659
$0
$1,787,201
25 $2,912,520 $1,037,963
$0
$1,874,557
26 $3,058,200 $1,091,864
$0
$1,966,336
27 $3,211,080 $1,148,430
$0
$2,062,650
28 $3,371,640 $1,207,837
$0
$2,163,803
29 $3,540,240 $1,270,219
$0
$2,270,021
30 $3,717,240 $1,335,709
$0
$2,381,531