South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(6.9%)	$19,182,000
Net Lumpsum Payment	$155,997,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$661,537	$5,418,249
2	$10,067,148	-$3,685,175 -$694,633	$5,687,340
3	$10,570,378	-$3,871,370 -$729,356	$5,969,652
4	$11,099,088	-$4,066,993 -$765,837	$6,266,258
5	$11,653,915	-$4,272,279 -$804,120	$6,577,516
6	$12,236,770	-$4,487,935 -$844,337	$6,904,498
7	$12,848,290	-$4,714,198 -$886,532	$7,247,560
8	$13,491,023	-$4,952,009 -$930,881	$7,608,133
9	$14,165,606	-$5,201,605 -$977,427	$7,986,574
10	$14,873,950	-$5,463,692 -$1,026,303	$8,383,955
11	$15,617,329	-$5,738,742 -$1,077,596	$8,800,991
12	$16,398,291	-$6,027,698 -$1,131,482	$9,239,111
13	$17,218,110	-$6,331,031 -$1,188,050	$9,699,029
14	$18,079,334	-$6,649,684 -$1,247,474	$10,182,176
15	$18,983,237	-$6,984,128 -$1,309,843	$10,689,266
16	$19,932,367	-$7,335,306 -$1,375,333	$11,221,728
17	$20,928,635	-$7,703,925 -$1,444,076	$11,780,634
18	$21,975,226	-$8,091,164 -$1,516,291	$12,367,771
19	$23,074,051	-$8,497,729 -$1,592,110	$12,984,212
20	$24,227,658	-$8,924,564 -$1,671,708	$13,631,386
21	$25,439,232	-$9,372,846 -$1,755,307	$14,311,079
22	$26,711,321	-$9,843,519 -$1,843,081	$15,024,721
23	$28,046,473	-$10,337,525 -$1,935,207	$15,773,741
24	$29,449,147	-$10,856,515 -$2,031,991	$16,560,641
25	$30,921,254	-$11,401,194 -$2,133,567	$17,386,493
26	$32,467,890	-$11,973,450 -$2,240,284	$18,254,156
27	$34,090,966	-$12,573,988 -$2,352,277	$19,164,701
28	$35,795,578	-$13,204,694 -$2,469,895	$20,120,989
29	$37,585,548	-$13,866,983 -$2,593,403	$21,125,162
30	$39,464,698	-$14,562,269 -$2,723,064	$22,179,365