South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Mon Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(6.9%)	$7,355,400
Net Lumpsum Payment	$59,842,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$260,668	$2,159,016
2	$3,966,804	-$1,428,048 -$273,709	$2,265,047
3	$4,165,094	-$1,501,415 -$287,391	$2,376,288
4	$4,373,424	-$1,578,497 -$301,766	$2,493,161
5	$4,592,045	-$1,659,387 -$316,851	$2,615,807
6	$4,821,710	-$1,744,363 -$332,698	$2,744,649
7	$5,062,670	-$1,833,518 -$349,324	$2,879,828
8	$5,315,929	-$1,927,224 -$366,799	$3,021,906
9	$5,581,738	-$2,025,573 -$385,140	$3,171,025
10	$5,860,850	-$2,128,845 -$404,399	$3,327,606
11	$6,153,767	-$2,237,224 -$424,610	$3,491,933
12	$6,461,493	-$2,351,083 -$445,843	$3,664,567
13	$6,784,530	-$2,470,606 -$468,133	$3,845,791
14	$7,123,882	-$2,596,167 -$491,548	$4,036,167
15	$7,480,051	-$2,727,949 -$516,124	$4,235,978
16	$7,854,041	-$2,866,326 -$541,929	$4,445,786
17	$8,246,605	-$3,011,574 -$569,016	$4,666,015
18	$8,658,998	-$3,164,160 -$597,471	$4,897,367
19	$9,091,973	-$3,324,360 -$627,346	$5,140,267
20	$9,546,534	-$3,492,548 -$658,711	$5,395,275
21	$10,023,936	-$3,669,187 -$691,652	$5,663,097
22	$10,525,183	-$3,854,648 -$726,238	$5,944,297
23	$11,051,279	-$4,049,304 -$762,538	$6,239,437
24	$11,603,981	-$4,253,803 -$800,675	$6,549,503
25	$12,184,042	-$4,468,426 -$840,699	$6,874,917
26	$12,793,470	-$4,693,914 -$882,749	$7,216,807
27	$13,433,018	-$4,930,547 -$926,878	$7,575,593
28	$14,104,694	-$5,179,067 -$973,224	$7,952,403
29	$14,810,004	-$5,440,032 -$1,021,890	$8,348,082
30	$15,550,454	-$5,713,998 -$1,072,981	$8,763,475