The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(6.9%) | $5,119,800 | | Net Lumpsum Payment | $41,665,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$168,240 |
$1,407,535 |
| 2 |
$2,560,248 |
$907,622
$176,657 |
$1,475,969 |
| 3 |
$2,688,228 |
$954,975
$185,488 |
$1,547,765 |
| 4 |
$2,822,688 |
$1,004,725
$194,765 |
$1,623,198 |
| 5 |
$2,963,790 |
$1,056,933
$204,502 |
$1,702,355 |
| 6 |
$3,112,020 |
$1,111,778
$214,729 |
$1,785,513 |
| 7 |
$3,267,540 |
$1,169,320
$225,460 |
$1,872,760 |
| 8 |
$3,430,998 |
$1,229,800
$236,739 |
$1,964,459 |
| 9 |
$3,602,556 |
$1,293,276
$248,576 |
$2,060,704 |
| 10 |
$3,782,700 |
$1,359,929
$261,006 |
$2,161,765 |
| 11 |
$3,971,754 |
$1,429,879
$274,051 |
$2,267,824 |
| 12 |
$4,170,366 |
$1,503,366
$287,755 |
$2,379,245 |
| 13 |
$4,378,860 |
$1,580,509
$302,141 |
$2,496,210 |
| 14 |
$4,597,884 |
$1,661,547
$317,254 |
$2,619,083 |
| 15 |
$4,827,762 |
$1,746,602
$333,116 |
$2,748,044 |
| 16 |
$5,069,142 |
$1,835,913
$349,771 |
$2,883,458 |
| 17 |
$5,322,510 |
$1,929,659
$367,253 |
$3,025,598 |
| 18 |
$5,588,676 |
$2,028,141
$385,619 |
$3,174,916 |
| 19 |
$5,868,126 |
$2,131,537
$404,901 |
$3,331,688 |
| 20 |
$6,161,508 |
$2,240,088
$425,144 |
$3,496,276 |
| 21 |
$6,469,632 |
$2,354,094
$446,405 |
$3,669,133 |
| 22 |
$6,793,146 |
$2,473,794
$468,727 |
$3,850,625 |
| 23 |
$7,132,698 |
$2,599,429
$492,156 |
$4,041,113 |
| 24 |
$7,489,422 |
$2,731,417
$516,770 |
$4,241,235 |
| 25 |
$7,863,804 |
$2,869,938
$542,602 |
$4,451,264 |
| 26 |
$8,257,140 |
$3,015,472
$569,743 |
$4,671,925 |
| 27 |
$8,669,916 |
$3,168,199
$598,224 |
$4,903,493 |
| 28 |
$9,103,428 |
$3,328,599
$628,137 |
$5,146,692 |
| 29 |
$9,558,648 |
$3,497,030
$659,547 |
$5,402,071 |
| 30 |
$10,036,548 |
$3,673,853
$692,522 |
$5,670,173 |
|
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