South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(6.9%)	$4,333,200
Net Lumpsum Payment	$35,270,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$145,393	$1,221,775
2	$2,212,560	-$778,978 -$152,667	$1,280,915
3	$2,323,160	-$819,900 -$160,298	$1,342,962
4	$2,439,360	-$862,894 -$168,316	$1,408,150
5	$2,561,300	-$908,011 -$176,730	$1,476,559
6	$2,689,400	-$955,408 -$185,569	$1,548,423
7	$2,823,800	-$1,005,136 -$194,842	$1,623,822
8	$2,965,060	-$1,057,403 -$204,589	$1,703,068
9	$3,113,320	-$1,112,259 -$214,819	$1,786,242
10	$3,269,000	-$1,169,860 -$225,561	$1,873,579
11	$3,432,380	-$1,230,311 -$236,834	$1,965,235
12	$3,604,020	-$1,293,818 -$248,677	$2,061,525
13	$3,784,200	-$1,360,484 -$261,110	$2,162,606
14	$3,973,480	-$1,430,518 -$274,170	$2,268,792
15	$4,172,140	-$1,504,022 -$287,878	$2,380,240
16	$4,380,740	-$1,581,204 -$302,271	$2,497,265
17	$4,599,700	-$1,662,219 -$317,379	$2,620,102
18	$4,829,720	-$1,747,327 -$333,251	$2,749,142
19	$5,071,220	-$1,836,682 -$349,914	$2,884,624
20	$5,324,760	-$1,930,492 -$367,408	$3,026,860
21	$5,591,040	-$2,029,015 -$385,782	$3,176,243
22	$5,870,620	-$2,132,460 -$405,073	$3,333,087
23	$6,164,060	-$2,241,033 -$425,320	$3,497,707
24	$6,472,340	-$2,355,096 -$446,591	$3,670,653
25	$6,795,880	-$2,474,806 -$468,916	$3,852,158
26	$7,135,800	-$2,600,576 -$492,370	$4,042,854
27	$7,492,520	-$2,732,563 -$516,984	$4,242,973
28	$7,867,160	-$2,871,180 -$542,834	$4,453,146
29	$8,260,560	-$3,016,738 -$569,979	$4,673,843
30	$8,673,560	-$3,169,548 -$598,476	$4,905,536