South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(6.9%)	$16,849,800
Net Lumpsum Payment	$137,035,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$553,531	$4,540,114
2	$8,423,532	-$3,077,037 -$581,224	$4,765,271
3	$8,844,602	-$3,232,833 -$610,278	$5,001,491
4	$9,286,992	-$3,396,517 -$640,802	$5,249,673
5	$9,751,235	-$3,568,287 -$672,835	$5,510,113
6	$10,238,930	-$3,748,734 -$706,486	$5,783,710
7	$10,750,610	-$3,938,056 -$741,792	$6,070,762
8	$11,288,407	-$4,137,041 -$778,900	$6,372,466
9	$11,852,854	-$4,345,886 -$817,847	$6,689,121
10	$12,445,550	-$4,565,184 -$858,743	$7,021,623
11	$13,067,561	-$4,795,328 -$901,662	$7,370,571
12	$13,721,019	-$5,037,107 -$946,750	$7,737,162
13	$14,406,990	-$5,290,917 -$994,082	$8,121,991
14	$15,127,606	-$5,557,545 -$1,043,805	$8,526,256
15	$15,883,933	-$5,837,386 -$1,095,991	$8,950,556
16	$16,678,103	-$6,131,228 -$1,150,789	$9,396,086
17	$17,511,715	-$6,439,665 -$1,208,308	$9,863,742
18	$18,387,434	-$6,763,681 -$1,268,733	$10,355,020
19	$19,306,859	-$7,103,868 -$1,332,173	$10,870,818
20	$20,272,122	-$7,461,016 -$1,398,776	$11,412,330
21	$21,285,888	-$7,836,109 -$1,468,726	$11,981,053
22	$22,350,289	-$8,229,937 -$1,542,170	$12,578,182
23	$23,467,457	-$8,643,289 -$1,619,255	$13,204,913
24	$24,641,123	-$9,077,546 -$1,700,237	$13,863,340
25	$25,872,886	-$9,533,298 -$1,785,229	$14,554,359
26	$27,167,010	-$10,012,124 -$1,874,524	$15,280,362
27	$28,525,094	-$10,514,615 -$1,968,231	$16,042,248
28	$29,951,402	-$11,042,349 -$2,066,647	$16,842,406
29	$31,449,132	-$11,596,509 -$2,169,990	$17,682,633
30	$33,021,482	-$12,178,279 -$2,278,482	$18,564,721