The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(6.9%) | $53,150,700 | | Net Lumpsum Payment | $432,177,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,765,482 |
$14,393,809 |
| 2 |
$26,866,800 |
$9,901,046
$1,853,809 |
$15,111,945 |
| 3 |
$28,209,800 |
$10,397,956
$1,946,476 |
$15,865,368 |
| 4 |
$29,620,800 |
$10,920,026
$2,043,835 |
$16,656,939 |
| 5 |
$31,101,500 |
$11,467,885
$2,146,004 |
$17,487,611 |
| 6 |
$32,657,000 |
$12,043,420
$2,253,333 |
$18,360,247 |
| 7 |
$34,289,000 |
$12,647,260
$2,365,941 |
$19,275,799 |
| 8 |
$36,004,300 |
$13,281,921
$2,484,297 |
$20,238,082 |
| 9 |
$37,804,600 |
$13,948,032
$2,608,517 |
$21,248,051 |
| 10 |
$39,695,000 |
$14,647,480
$2,738,955 |
$22,308,565 |
| 11 |
$41,678,900 |
$15,381,523
$2,875,844 |
$23,421,533 |
| 12 |
$43,763,100 |
$16,152,677
$3,019,654 |
$24,590,769 |
| 13 |
$45,951,000 |
$16,962,200
$3,170,619 |
$25,818,181 |
| 14 |
$48,249,400 |
$17,812,608
$3,329,209 |
$27,107,583 |
| 15 |
$50,661,700 |
$18,705,159
$3,495,657 |
$28,460,884 |
| 16 |
$53,194,700 |
$19,642,369
$3,670,434 |
$29,881,897 |
| 17 |
$55,853,500 |
$20,626,125
$3,853,892 |
$31,373,483 |
| 18 |
$58,646,600 |
$21,659,572
$4,046,615 |
$32,940,413 |
| 19 |
$61,579,100 |
$22,744,597
$4,248,958 |
$34,585,545 |
| 20 |
$64,657,800 |
$23,883,716
$4,461,388 |
$36,312,696 |
| 21 |
$67,891,200 |
$25,080,074
$4,684,493 |
$38,126,633 |
| 22 |
$71,286,100 |
$26,336,187
$4,918,741 |
$40,031,172 |
| 23 |
$74,849,300 |
$27,654,571
$5,164,602 |
$42,030,127 |
| 24 |
$78,592,700 |
$29,039,629
$5,422,896 |
$44,130,175 |
| 25 |
$82,521,400 |
$30,493,248
$5,693,977 |
$46,334,175 |
| 26 |
$86,649,000 |
$32,020,460
$5,978,781 |
$48,649,759 |
| 27 |
$90,980,600 |
$33,623,152
$6,277,661 |
$51,079,787 |
| 28 |
$95,529,800 |
$35,306,356
$6,591,556 |
$53,631,888 |
| 29 |
$100,306,800 |
$37,073,846
$6,921,169 |
$56,311,785 |
| 30 |
$105,321,800 |
$38,929,396
$7,267,204 |
$59,125,200 |
|
|
