Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 13, 2025, is projected to be $264 Million, with an option for a cash payout of $117.3 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 13, 2025
Draw DateFri Jun 13, 2025
Projected Jackpot$264,000,000
Cash Value$117,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$117,300,000
Federal Tax(24%)$28,152,000
Additional Federal Tax$15,209,330
State Tax(0%)$0
Net Lumpsum Payment$73,938,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,973,464 $1,430,512
$0
$2,542,952
2 $4,172,256 $1,504,065
$0
$2,668,191
3 $4,380,816 $1,581,232
$0
$2,799,584
4 $4,599,936 $1,662,307
$0
$2,937,629
5 $4,829,880 $1,747,386
$0
$3,082,494
6 $5,071,440 $1,836,763
$0
$3,234,677
7 $5,324,880 $1,930,536
$0
$3,394,344
8 $5,591,256 $2,029,095
$0
$3,562,161
9 $5,870,832 $2,132,538
$0
$3,738,294
10 $6,164,400 $2,241,158
$0
$3,923,242
11 $6,472,488 $2,355,151
$0
$4,117,337
12 $6,796,152 $2,474,907
$0
$4,321,245
13 $7,135,920 $2,600,621
$0
$4,535,299
14 $7,492,848 $2,732,684
$0
$4,760,164
15 $7,867,464 $2,871,292
$0
$4,996,172
16 $8,260,824 $3,016,835
$0
$5,243,989
17 $8,673,720 $3,169,607
$0
$5,504,113
18 $9,107,472 $3,330,095
$0
$5,777,377
19 $9,562,872 $3,498,593
$0
$6,064,279
20 $10,040,976 $3,675,492
$0
$6,365,484
21 $10,543,104 $3,861,279
$0
$6,681,825
22 $11,070,312 $4,056,346
$0
$7,013,966
23 $11,623,656 $4,261,083
$0
$7,362,573
24 $12,204,984 $4,476,174
$0
$7,728,810
25 $12,815,088 $4,701,913
$0
$8,113,175
26 $13,456,080 $4,939,080
$0
$8,517,000
27 $14,128,752 $5,187,969
$0
$8,940,783
28 $14,835,216 $5,449,360
$0
$9,385,856
29 $15,577,056 $5,723,841
$0
$9,853,215
30 $16,355,856 $6,011,997
$0
$10,343,859