Jackpot Analysis South Dakota Mega Millions

Jackpot Analysis for South Dakota Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 4, 2025
Draw DateFri Apr 4, 2025
Projected Jackpot$43,000,000
Cash Value$20,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$20,000,000
Federal Tax(24%)$4,800,000
Additional Federal Tax$2,560,330
State Tax(0%)$0
Net Lumpsum Payment$12,639,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $647,193 $199,792
$0
$447,401
2 $679,572 $211,772
$0
$467,800
3 $713,542 $224,341
$0
$489,201
4 $749,232 $237,546
$0
$511,686
5 $786,685 $251,404
$0
$535,281
6 $826,030 $265,961
$0
$560,069
7 $867,310 $281,235
$0
$586,075
8 $910,697 $297,288
$0
$613,409
9 $956,234 $314,137
$0
$642,097
10 $1,004,050 $331,829
$0
$672,221
11 $1,054,231 $350,396
$0
$703,835
12 $1,106,949 $369,902
$0
$737,047
13 $1,162,290 $390,378
$0
$771,912
14 $1,220,426 $411,888
$0
$808,538
15 $1,281,443 $434,464
$0
$846,979
16 $1,345,513 $458,170
$0
$887,343
17 $1,412,765 $483,053
$0
$929,712
18 $1,483,414 $509,194
$0
$974,220
19 $1,557,589 $536,638
$0
$1,020,951
20 $1,635,462 $565,451
$0
$1,070,011
21 $1,717,248 $595,712
$0
$1,121,536
22 $1,803,119 $627,484
$0
$1,175,635
23 $1,893,247 $660,832
$0
$1,232,415
24 $1,987,933 $695,866
$0
$1,292,067
25 $2,087,306 $732,634
$0
$1,354,672
26 $2,191,710 $771,263
$0
$1,420,447
27 $2,301,274 $811,802
$0
$1,489,472
28 $2,416,342 $854,377
$0
$1,561,965
29 $2,537,172 $899,084
$0
$1,638,088
30 $2,664,022 $946,019
$0
$1,718,003