South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 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 Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(6.9%)	$2,677,200
Net Lumpsum Payment	$21,806,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$89,313	$765,820
2	$1,359,144	-$463,214 -$93,781	$802,149
3	$1,427,084	-$488,351 -$98,469	$840,264
4	$1,498,464	-$514,762 -$103,394	$880,308
5	$1,573,370	-$542,477 -$108,563	$922,330
6	$1,652,060	-$571,593 -$113,992	$966,475
7	$1,734,620	-$602,140 -$119,689	$1,012,791
8	$1,821,394	-$634,246 -$125,676	$1,061,472
9	$1,912,468	-$667,944 -$131,960	$1,112,564
10	$2,008,100	-$703,327 -$138,559	$1,166,214
11	$2,108,462	-$740,461 -$145,484	$1,222,517
12	$2,213,898	-$779,473 -$152,759	$1,281,666
13	$2,324,580	-$820,425 -$160,396	$1,343,759
14	$2,440,852	-$863,446 -$168,419	$1,408,987
15	$2,562,886	-$908,598 -$176,839	$1,477,449
16	$2,691,026	-$956,010 -$185,681	$1,549,335
17	$2,825,530	-$1,005,776 -$194,962	$1,624,792
18	$2,966,828	-$1,058,057 -$204,711	$1,704,060
19	$3,115,178	-$1,112,946 -$214,947	$1,787,285
20	$3,270,924	-$1,170,572 -$225,694	$1,874,658
21	$3,434,496	-$1,231,094 -$236,980	$1,966,422
22	$3,606,238	-$1,294,638 -$248,830	$2,062,770
23	$3,786,494	-$1,361,333 -$261,268	$2,163,893
24	$3,975,866	-$1,431,401 -$274,335	$2,270,130
25	$4,174,612	-$1,504,937 -$288,048	$2,381,627
26	$4,383,420	-$1,582,196 -$302,456	$2,498,768
27	$4,602,548	-$1,663,273 -$317,576	$2,621,699
28	$4,832,684	-$1,748,423 -$333,455	$2,750,806
29	$5,074,344	-$1,837,838 -$350,130	$2,886,376
30	$5,328,044	-$1,931,707 -$367,635	$3,028,702