The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(6.9%) | $12,371,700 | | Net Lumpsum Payment | $100,626,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$390,483 |
$3,214,467 |
| 2 |
$5,942,304 |
$2,158,983
$410,019 |
$3,373,302 |
| 3 |
$6,239,344 |
$2,268,888
$430,515 |
$3,539,941 |
| 4 |
$6,551,424 |
$2,384,357
$452,048 |
$3,715,019 |
| 5 |
$6,878,920 |
$2,505,531
$474,645 |
$3,898,744 |
| 6 |
$7,222,960 |
$2,632,826
$498,384 |
$4,091,750 |
| 7 |
$7,583,920 |
$2,766,381
$523,290 |
$4,294,249 |
| 8 |
$7,963,304 |
$2,906,753
$549,468 |
$4,507,083 |
| 9 |
$8,361,488 |
$3,054,081
$576,943 |
$4,730,464 |
| 10 |
$8,779,600 |
$3,208,782
$605,792 |
$4,965,026 |
| 11 |
$9,218,392 |
$3,371,135
$636,069 |
$5,211,188 |
| 12 |
$9,679,368 |
$3,541,697
$667,876 |
$5,469,795 |
| 13 |
$10,163,280 |
$3,720,744
$701,266 |
$5,741,270 |
| 14 |
$10,671,632 |
$3,908,834
$736,343 |
$6,026,455 |
| 15 |
$11,205,176 |
$4,106,246
$773,157 |
$6,325,773 |
| 16 |
$11,765,416 |
$4,313,534
$811,814 |
$6,640,068 |
| 17 |
$12,353,480 |
$4,531,118
$852,390 |
$6,969,972 |
| 18 |
$12,971,248 |
$4,759,692
$895,016 |
$7,316,540 |
| 19 |
$13,619,848 |
$4,999,674
$939,770 |
$7,680,404 |
| 20 |
$14,300,784 |
$5,251,620
$986,754 |
$8,062,410 |
| 21 |
$15,015,936 |
$5,516,227
$1,036,100 |
$8,463,609 |
| 22 |
$15,766,808 |
$5,794,049
$1,087,910 |
$8,884,849 |
| 23 |
$16,554,904 |
$6,085,645
$1,142,288 |
$9,326,971 |
| 24 |
$17,382,856 |
$6,391,987
$1,199,417 |
$9,791,452 |
| 25 |
$18,251,792 |
$6,713,493
$1,259,374 |
$10,278,925 |
| 26 |
$19,164,720 |
$7,051,277
$1,322,366 |
$10,791,077 |
| 27 |
$20,122,768 |
$7,405,755
$1,388,471 |
$11,328,542 |
| 28 |
$21,128,944 |
$7,778,040
$1,457,897 |
$11,893,007 |
| 29 |
$22,185,504 |
$8,168,967
$1,530,800 |
$12,485,737 |
| 30 |
$23,294,704 |
$8,579,371
$1,607,335 |
$13,107,998 |
|
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