South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(6.9%)	$6,644,700
Net Lumpsum Payment	$54,063,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$235,744	$1,956,369
2	$3,587,508	-$1,287,708 -$247,538	$2,052,262
3	$3,766,838	-$1,354,060 -$259,912	$2,152,866
4	$3,955,248	-$1,423,772 -$272,912	$2,258,564
5	$4,152,965	-$1,496,927 -$286,555	$2,369,483
6	$4,360,670	-$1,573,778 -$300,886	$2,486,006
7	$4,578,590	-$1,654,409 -$315,923	$2,608,258
8	$4,807,633	-$1,739,155 -$331,727	$2,736,751
9	$5,048,026	-$1,828,100 -$348,314	$2,871,612
10	$5,300,450	-$1,921,497 -$365,731	$3,013,222
11	$5,565,359	-$2,019,513 -$384,010	$3,161,836
12	$5,843,661	-$2,122,485 -$403,213	$3,317,963
13	$6,135,810	-$2,230,580 -$423,371	$3,481,859
14	$6,442,714	-$2,344,135 -$444,547	$3,654,032
15	$6,764,827	-$2,463,316 -$466,773	$3,834,738
16	$7,103,057	-$2,588,461 -$490,111	$4,024,485
17	$7,458,085	-$2,719,822 -$514,608	$4,223,655
18	$7,831,046	-$2,857,817 -$540,342	$4,432,887
19	$8,222,621	-$3,002,700 -$567,361	$4,652,560
20	$8,633,718	-$3,154,806 -$595,727	$4,883,185
21	$9,065,472	-$3,314,555 -$625,518	$5,125,399
22	$9,518,791	-$3,482,283 -$656,797	$5,379,711
23	$9,994,583	-$3,658,326 -$689,626	$5,646,631
24	$10,494,437	-$3,843,272 -$724,116	$5,927,049
25	$11,019,034	-$4,037,373 -$760,313	$6,221,348
26	$11,570,190	-$4,241,301 -$798,343	$6,530,546
27	$12,148,586	-$4,455,307 -$838,252	$6,855,027
28	$12,756,038	-$4,680,064 -$880,167	$7,195,807
29	$13,393,908	-$4,916,076 -$924,180	$7,553,652
30	$14,063,558	-$5,163,847 -$970,386	$7,929,325