South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(6.9%)	$1,462,800
Net Lumpsum Payment	$11,932,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$47,772	$428,076
2	$726,984	-$229,314 -$50,162	$447,508
3	$763,324	-$242,760 -$52,669	$467,895
4	$801,504	-$256,887 -$55,304	$489,313
5	$841,570	-$271,711 -$58,068	$511,791
6	$883,660	-$287,285 -$60,973	$535,402
7	$927,820	-$303,624 -$64,020	$560,176
8	$974,234	-$320,797 -$67,222	$586,215
9	$1,022,948	-$338,821 -$70,583	$613,544
10	$1,074,100	-$357,747 -$74,113	$642,240
11	$1,127,782	-$377,610 -$77,817	$672,355
12	$1,184,178	-$398,476 -$81,708	$703,994
13	$1,243,380	-$420,381 -$85,793	$737,206
14	$1,305,572	-$443,392 -$90,084	$772,096
15	$1,370,846	-$467,543 -$94,588	$808,715
16	$1,439,386	-$492,903 -$99,318	$847,165
17	$1,511,330	-$519,522 -$104,282	$887,526
18	$1,586,908	-$547,486 -$109,497	$929,925
19	$1,666,258	-$576,846 -$114,972	$974,440
20	$1,749,564	-$607,669 -$120,720	$1,021,175
21	$1,837,056	-$640,041 -$126,757	$1,070,258
22	$1,928,918	-$674,030 -$133,095	$1,121,793
23	$2,025,334	-$709,704 -$139,748	$1,175,882
24	$2,126,626	-$747,182 -$146,737	$1,232,707
25	$2,232,932	-$786,515 -$154,072	$1,292,345
26	$2,344,620	-$827,840 -$161,779	$1,355,001
27	$2,461,828	-$871,207 -$169,866	$1,420,755
28	$2,584,924	-$916,752 -$178,360	$1,489,812
29	$2,714,184	-$964,578 -$187,279	$1,562,327
30	$2,849,884	-$1,014,787 -$196,642	$1,638,455