South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(6.9%)	$9,632,400
Net Lumpsum Payment	$78,355,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$358,289	$2,952,715
2	$5,452,380	-$1,977,711 -$376,214	$3,098,455
3	$5,724,930	-$2,078,554 -$395,020	$3,251,356
4	$6,011,280	-$2,184,504 -$414,778	$3,411,998
5	$6,311,775	-$2,295,687 -$435,512	$3,580,576
6	$6,627,450	-$2,412,487 -$457,294	$3,757,669
7	$6,958,650	-$2,535,031 -$480,147	$3,943,472
8	$7,306,755	-$2,663,830 -$504,166	$4,138,759
9	$7,672,110	-$2,799,011 -$529,376	$4,343,723
10	$8,055,750	-$2,940,958 -$555,847	$4,558,945
11	$8,458,365	-$3,089,925 -$583,627	$4,784,813
12	$8,881,335	-$3,246,424 -$612,812	$5,022,099
13	$9,325,350	-$3,410,710 -$643,449	$5,271,191
14	$9,791,790	-$3,583,293 -$675,634	$5,532,863
15	$10,281,345	-$3,764,428 -$709,413	$5,807,504
16	$10,795,395	-$3,954,627 -$744,882	$6,095,886
17	$11,334,975	-$4,154,271 -$782,113	$6,398,591
18	$11,901,810	-$4,364,000 -$821,225	$6,716,585
19	$12,496,935	-$4,584,196 -$862,289	$7,050,450
20	$13,121,730	-$4,815,370 -$905,399	$7,400,961
21	$13,777,920	-$5,058,161 -$950,676	$7,769,083
22	$14,466,885	-$5,313,078 -$998,215	$8,155,592
23	$15,190,005	-$5,580,632 -$1,048,110	$8,561,263
24	$15,949,695	-$5,861,718 -$1,100,529	$8,987,448
25	$16,746,990	-$6,156,717 -$1,155,542	$9,434,731
26	$17,584,650	-$6,466,651 -$1,213,341	$9,904,658
27	$18,463,710	-$6,791,903 -$1,273,996	$10,397,811
28	$19,386,930	-$7,133,494 -$1,337,698	$10,915,738
29	$20,356,380	-$7,492,191 -$1,404,590	$11,459,599
30	$21,374,130	-$7,868,758 -$1,474,815	$12,030,557