South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(6.9%)	$5,216,400
Net Lumpsum Payment	$42,451,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$178,625	$1,491,971
2	$2,718,288	-$966,097 -$187,562	$1,564,629
3	$2,854,168	-$1,016,373 -$196,938	$1,640,857
4	$2,996,928	-$1,069,194 -$206,788	$1,720,946
5	$3,146,740	-$1,124,624 -$217,125	$1,804,991
6	$3,304,120	-$1,182,855 -$227,984	$1,893,281
7	$3,469,240	-$1,243,949 -$239,378	$1,985,913
8	$3,642,788	-$1,308,162 -$251,352	$2,083,274
9	$3,824,936	-$1,375,557 -$263,921	$2,185,458
10	$4,016,200	-$1,446,324 -$277,118	$2,292,758
11	$4,216,924	-$1,520,592 -$290,968	$2,405,364
12	$4,427,796	-$1,598,615 -$305,518	$2,523,663
13	$4,649,160	-$1,680,520 -$320,792	$2,647,848
14	$4,881,704	-$1,766,561 -$336,838	$2,778,305
15	$5,125,772	-$1,856,866 -$353,678	$2,915,228
16	$5,382,052	-$1,951,690 -$371,362	$3,059,000
17	$5,651,060	-$2,051,223 -$389,923	$3,209,914
18	$5,933,656	-$2,155,783 -$409,422	$3,368,451
19	$6,230,356	-$2,265,562 -$429,895	$3,534,899
20	$6,541,848	-$2,380,814 -$451,388	$3,709,646
21	$6,868,992	-$2,501,857 -$473,960	$3,893,175
22	$7,212,476	-$2,628,947 -$497,661	$4,085,868
23	$7,572,988	-$2,762,336 -$522,536	$4,288,116
24	$7,951,732	-$2,902,471 -$548,670	$4,500,591
25	$8,349,224	-$3,049,543 -$576,096	$4,723,585
26	$8,766,840	-$3,204,061 -$604,912	$4,957,867
27	$9,205,096	-$3,366,216 -$635,152	$5,203,728
28	$9,665,368	-$3,536,517 -$666,910	$5,461,941
29	$10,148,688	-$3,715,345 -$700,259	$5,733,084
30	$10,656,088	-$3,903,083 -$735,270	$6,017,735