South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Mon Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(6.9%)	$14,641,800
Net Lumpsum Payment	$119,083,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$496,412	$4,075,716
2	$7,554,312	-$2,755,426 -$521,248	$4,277,638
3	$7,931,932	-$2,895,145 -$547,303	$4,489,484
4	$8,328,672	-$3,041,939 -$574,678	$4,712,055
5	$8,745,010	-$3,195,984 -$603,406	$4,945,620
6	$9,182,380	-$3,357,811 -$633,584	$5,190,985
7	$9,641,260	-$3,527,597 -$665,247	$5,448,416
8	$10,123,562	-$3,706,048 -$698,526	$5,718,988
9	$10,629,764	-$3,893,343 -$733,454	$6,002,967
10	$11,161,300	-$4,090,011 -$770,130	$6,301,159
11	$11,719,126	-$4,296,407 -$808,620	$6,614,099
12	$12,305,154	-$4,513,237 -$849,056	$6,942,861
13	$12,920,340	-$4,740,856 -$891,503	$7,287,981
14	$13,566,596	-$4,979,971 -$936,095	$7,650,530
15	$14,244,878	-$5,230,935 -$982,897	$8,031,046
16	$14,957,098	-$5,494,457 -$1,032,040	$8,430,601
17	$15,704,690	-$5,771,066 -$1,083,624	$8,850,000
18	$16,490,044	-$6,061,647 -$1,137,813	$9,290,584
19	$17,314,594	-$6,366,730 -$1,194,707	$9,753,157
20	$18,180,252	-$6,687,024 -$1,254,437	$10,238,791
21	$19,089,408	-$7,023,411 -$1,317,169	$10,748,828
22	$20,043,974	-$7,376,601 -$1,383,034	$11,284,339
23	$21,045,862	-$7,747,299 -$1,452,164	$11,846,399
24	$22,098,418	-$8,136,745 -$1,524,791	$12,436,882
25	$23,203,076	-$8,545,469 -$1,601,012	$13,056,595
26	$24,363,660	-$8,974,885 -$1,681,093	$13,707,682
27	$25,581,604	-$9,425,524 -$1,765,131	$14,390,949
28	$26,860,732	-$9,898,801 -$1,853,391	$15,108,540
29	$28,203,912	-$10,395,778 -$1,946,070	$15,862,064
30	$29,614,012	-$10,917,515 -$2,043,367	$16,653,130