South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(6.9%)	$12,647,700
Net Lumpsum Payment	$102,870,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$410,215	$3,374,896
2	$6,242,580	-$2,270,085 -$430,738	$3,541,757
3	$6,554,630	-$2,385,543 -$452,269	$3,716,818
4	$6,882,480	-$2,506,848 -$474,891	$3,900,741
5	$7,226,525	-$2,634,145 -$498,630	$4,093,750
6	$7,587,950	-$2,767,872 -$523,569	$4,296,509
7	$7,967,150	-$2,908,176 -$549,733	$4,509,241
8	$8,365,705	-$3,055,641 -$577,234	$4,732,830
9	$8,784,010	-$3,210,414 -$606,097	$4,967,499
10	$9,223,250	-$3,372,933 -$636,404	$5,213,913
11	$9,684,215	-$3,543,490 -$668,211	$5,472,514
12	$10,168,485	-$3,722,670 -$701,625	$5,744,190
13	$10,676,850	-$3,910,765 -$736,703	$6,029,382
14	$11,210,890	-$4,108,360 -$773,551	$6,328,979
15	$11,771,395	-$4,315,747 -$812,226	$6,643,422
16	$12,359,945	-$4,533,510 -$852,836	$6,973,599
17	$12,977,725	-$4,762,089 -$895,463	$7,320,173
18	$13,626,710	-$5,002,213 -$940,243	$7,684,254
19	$14,308,085	-$5,254,322 -$987,258	$8,066,505
20	$15,023,430	-$5,518,999 -$1,036,617	$8,467,814
21	$15,774,720	-$5,796,977 -$1,088,456	$8,889,287
22	$16,563,535	-$6,088,838 -$1,142,884	$9,331,813
23	$17,391,455	-$6,395,169 -$1,200,010	$9,796,276
24	$18,261,245	-$6,716,991 -$1,260,026	$10,284,228
25	$19,174,090	-$7,054,744 -$1,323,012	$10,796,334
26	$20,133,150	-$7,409,596 -$1,389,187	$11,334,367
27	$21,139,610	-$7,781,986 -$1,458,633	$11,898,991
28	$22,196,630	-$8,173,083 -$1,531,567	$12,491,980
29	$23,306,580	-$8,583,765 -$1,608,154	$13,114,661
30	$24,471,830	-$9,014,907 -$1,688,556	$13,768,367