South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(6.9%)	$4,981,800
Net Lumpsum Payment	$40,543,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$159,932	$1,339,986
2	$2,433,816	-$860,842 -$167,933	$1,405,041
3	$2,555,476	-$905,857 -$176,328	$1,473,291
4	$2,683,296	-$953,150 -$185,147	$1,544,999
5	$2,817,430	-$1,002,779 -$194,403	$1,620,248
6	$2,958,340	-$1,054,916 -$204,125	$1,699,299
7	$3,106,180	-$1,109,617 -$214,326	$1,782,237
8	$3,261,566	-$1,167,110 -$225,048	$1,869,408
9	$3,424,652	-$1,227,452 -$236,301	$1,960,899
10	$3,595,900	-$1,290,813 -$248,117	$2,056,970
11	$3,775,618	-$1,357,309 -$260,518	$2,157,791
12	$3,964,422	-$1,427,167 -$273,545	$2,263,710
13	$4,162,620	-$1,500,500 -$287,221	$2,374,899
14	$4,370,828	-$1,577,537 -$301,587	$2,491,704
15	$4,589,354	-$1,658,391 -$316,665	$2,614,298
16	$4,818,814	-$1,743,292 -$332,498	$2,743,024
17	$5,059,670	-$1,832,408 -$349,117	$2,878,145
18	$5,312,692	-$1,926,026 -$366,576	$3,020,090
19	$5,578,342	-$2,024,317 -$384,906	$3,169,119
20	$5,857,236	-$2,127,508 -$404,149	$3,325,579
21	$6,150,144	-$2,235,884 -$424,360	$3,489,900
22	$6,457,682	-$2,349,673 -$445,580	$3,662,429
23	$6,780,466	-$2,469,103 -$467,852	$3,843,511
24	$7,119,574	-$2,594,573 -$491,251	$4,033,750
25	$7,475,468	-$2,726,254 -$515,807	$4,233,407
26	$7,849,380	-$2,864,601 -$541,607	$4,443,172
27	$8,241,772	-$3,009,786 -$568,682	$4,663,304
28	$8,653,876	-$3,162,265 -$597,117	$4,894,494
29	$9,086,616	-$3,322,378 -$626,977	$5,137,261
30	$9,540,916	-$3,490,469 -$658,323	$5,392,124