South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of South Carolina, your state will take 6.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Carolina MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(6.9%)	$14,559,000
Net Lumpsum Payment	$118,410,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$484,988	$3,982,836
2	$7,380,468	-$2,691,104 -$509,252	$4,180,112
3	$7,749,398	-$2,827,608 -$534,708	$4,387,082
4	$8,137,008	-$2,971,023 -$561,454	$4,604,531
5	$8,543,765	-$3,121,523 -$589,520	$4,832,722
6	$8,971,070	-$3,279,626 -$619,004	$5,072,440
7	$9,419,390	-$3,445,505 -$649,938	$5,323,947
8	$9,890,593	-$3,619,850 -$682,451	$5,588,292
9	$10,385,146	-$3,802,834 -$716,575	$5,865,737
10	$10,904,450	-$3,994,977 -$752,407	$6,157,066
11	$11,449,439	-$4,196,623 -$790,011	$6,462,805
12	$12,021,981	-$4,408,463 -$829,517	$6,784,001
13	$12,623,010	-$4,630,844 -$870,988	$7,121,178
14	$13,254,394	-$4,864,456 -$914,553	$7,475,385
15	$13,917,067	-$5,109,645 -$960,278	$7,847,144
16	$14,612,897	-$5,367,102 -$1,008,290	$8,237,505
17	$15,343,285	-$5,637,346 -$1,058,687	$8,647,252
18	$16,110,566	-$5,921,240 -$1,111,629	$9,077,697
19	$16,916,141	-$6,219,303 -$1,167,214	$9,529,624
20	$17,761,878	-$6,532,225 -$1,225,570	$10,004,083
21	$18,650,112	-$6,860,872 -$1,286,858	$10,502,382
22	$19,582,711	-$7,205,933 -$1,351,207	$11,025,571
23	$20,561,543	-$7,568,101 -$1,418,746	$11,574,696
24	$21,589,877	-$7,948,585 -$1,489,702	$12,151,590
25	$22,669,114	-$8,347,903 -$1,564,169	$12,757,042
26	$23,802,990	-$8,767,437 -$1,642,406	$13,393,147
27	$24,992,906	-$9,207,706 -$1,724,511	$14,060,689
28	$26,242,598	-$9,670,092 -$1,810,739	$14,761,767
29	$27,554,868	-$10,155,632 -$1,901,286	$15,497,950
30	$28,932,518	-$10,665,362 -$1,996,344	$16,270,812