South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(6.9%)	$16,228,800
Net Lumpsum Payment	$131,986,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$576,378	$4,725,874
2	$8,771,220	-$3,205,682 -$605,214	$4,960,324
3	$9,209,670	-$3,367,908 -$635,467	$5,206,295
4	$9,670,320	-$3,538,349 -$667,252	$5,464,719
5	$10,153,725	-$3,717,209 -$700,607	$5,735,909
6	$10,661,550	-$3,905,104 -$735,647	$6,020,799
7	$11,194,350	-$4,102,240 -$772,410	$6,319,700
8	$11,754,345	-$4,309,438 -$811,050	$6,633,857
9	$12,342,090	-$4,526,904 -$851,604	$6,963,582
10	$12,959,250	-$4,755,253 -$894,188	$7,309,809
11	$13,606,935	-$4,994,896 -$938,879	$7,673,160
12	$14,287,365	-$5,246,655 -$985,828	$8,054,882
13	$15,001,650	-$5,510,941 -$1,035,114	$8,455,595
14	$15,752,010	-$5,788,574 -$1,086,889	$8,876,547
15	$16,539,555	-$6,079,966 -$1,141,229	$9,318,360
16	$17,366,505	-$6,385,937 -$1,198,289	$9,782,279
17	$18,234,525	-$6,707,105 -$1,258,182	$10,269,238
18	$19,146,390	-$7,044,495 -$1,321,101	$10,780,794
19	$20,103,765	-$7,398,723 -$1,387,160	$11,317,882
20	$21,108,870	-$7,770,612 -$1,456,512	$11,881,746
21	$22,164,480	-$8,161,188 -$1,529,349	$12,473,943
22	$23,272,815	-$8,571,272 -$1,605,824	$13,095,719
23	$24,436,095	-$9,001,686 -$1,686,091	$13,748,318
24	$25,658,205	-$9,453,866 -$1,770,416	$14,433,923
25	$26,940,810	-$9,928,430 -$1,858,916	$15,153,464
26	$28,288,350	-$10,427,020 -$1,951,896	$15,909,434
27	$29,702,490	-$10,950,252 -$2,049,472	$16,702,766
28	$31,187,670	-$11,499,768 -$2,151,949	$17,535,953
29	$32,747,220	-$12,076,802 -$2,259,558	$18,410,860
30	$34,384,470	-$12,682,584 -$2,372,528	$19,329,358