South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Carolina MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(6.9%)	$12,868,500
Net Lumpsum Payment	$104,666,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$460,064	$3,780,189
2	$7,001,172	-$2,550,764 -$483,081	$3,967,327
3	$7,351,142	-$2,680,253 -$507,229	$4,163,660
4	$7,718,832	-$2,816,298 -$532,599	$4,369,935
5	$8,104,685	-$2,959,064 -$559,223	$4,586,398
6	$8,510,030	-$3,109,041 -$587,192	$4,813,797
7	$8,935,310	-$3,266,395 -$616,536	$5,052,379
8	$9,382,297	-$3,431,780 -$647,378	$5,303,139
9	$9,851,434	-$3,605,361 -$679,749	$5,566,324
10	$10,344,050	-$3,787,629 -$713,739	$5,842,682
11	$10,861,031	-$3,978,912 -$749,411	$6,132,708
12	$11,404,149	-$4,179,866 -$786,886	$6,437,397
13	$11,974,290	-$4,390,818 -$826,226	$6,757,246
14	$12,573,226	-$4,612,424 -$867,553	$7,093,249
15	$13,201,843	-$4,845,012 -$910,927	$7,445,904
16	$13,861,913	-$5,089,238 -$956,472	$7,816,203
17	$14,554,765	-$5,345,593 -$1,004,279	$8,204,893
18	$15,282,614	-$5,614,898 -$1,054,500	$8,613,216
19	$16,046,789	-$5,897,642 -$1,107,228	$9,041,919
20	$16,849,062	-$6,194,483 -$1,162,585	$9,491,994
21	$17,691,648	-$6,506,240 -$1,220,724	$9,964,684
22	$18,576,319	-$6,833,568 -$1,281,766	$10,460,985
23	$19,504,847	-$7,177,124 -$1,345,834	$10,981,889
24	$20,480,333	-$7,538,054 -$1,413,143	$11,529,136
25	$21,504,106	-$7,916,850 -$1,483,783	$12,103,473
26	$22,579,710	-$8,314,823 -$1,558,000	$12,706,887
27	$23,708,474	-$8,732,466 -$1,635,885	$13,340,123
28	$24,893,942	-$9,171,089 -$1,717,682	$14,005,171
29	$26,138,772	-$9,631,676 -$1,803,575	$14,703,521
30	$27,445,622	-$10,115,211 -$1,893,748	$15,436,663