South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(6.9%)	$10,612,200
Net Lumpsum Payment	$86,321,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$359,328	$2,961,159
2	$5,468,184	-$1,983,558 -$377,305	$3,107,321
3	$5,741,524	-$2,084,694 -$396,165	$3,260,665
4	$6,028,704	-$2,190,951 -$415,981	$3,421,772
5	$6,330,070	-$2,302,456 -$436,775	$3,590,839
6	$6,646,660	-$2,419,595 -$458,620	$3,768,445
7	$6,978,820	-$2,542,494 -$481,539	$3,954,787
8	$7,327,934	-$2,671,666 -$505,627	$4,150,641
9	$7,694,348	-$2,807,239 -$530,910	$4,356,199
10	$8,079,100	-$2,949,597 -$557,458	$4,572,045
11	$8,482,882	-$3,098,997 -$585,319	$4,798,566
12	$8,907,078	-$3,255,949 -$614,588	$5,036,541
13	$9,352,380	-$3,420,711 -$645,314	$5,286,355
14	$9,820,172	-$3,593,794 -$677,592	$5,548,786
15	$10,311,146	-$3,775,454 -$711,469	$5,824,223
16	$10,826,686	-$3,966,204 -$747,041	$6,113,441
17	$11,367,830	-$4,166,427 -$784,380	$6,417,023
18	$11,936,308	-$4,376,764 -$823,605	$6,735,939
19	$12,533,158	-$4,597,599 -$864,788	$7,070,771
20	$13,159,764	-$4,829,443 -$908,024	$7,422,297
21	$13,817,856	-$5,072,937 -$953,432	$7,791,487
22	$14,508,818	-$5,328,593 -$1,001,108	$8,179,117
23	$15,234,034	-$5,596,923 -$1,051,148	$8,585,963
24	$15,995,926	-$5,878,823 -$1,103,719	$9,013,384
25	$16,795,532	-$6,174,677 -$1,158,892	$9,461,963
26	$17,635,620	-$6,485,510 -$1,216,858	$9,933,252
27	$18,517,228	-$6,811,705 -$1,277,689	$10,427,834
28	$19,443,124	-$7,154,286 -$1,341,576	$10,947,262
29	$20,415,384	-$7,514,022 -$1,408,661	$11,492,701
30	$21,436,084	-$7,891,681 -$1,479,090	$12,065,313