South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(6.9%)	$12,647,700
Net Lumpsum Payment	$102,870,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$410,215	$3,374,896
2	$6,242,580	-$2,270,085 -$430,738	$3,541,757
3	$6,554,630	-$2,385,543 -$452,269	$3,716,818
4	$6,882,480	-$2,506,848 -$474,891	$3,900,741
5	$7,226,525	-$2,634,145 -$498,630	$4,093,750
6	$7,587,950	-$2,767,872 -$523,569	$4,296,509
7	$7,967,150	-$2,908,176 -$549,733	$4,509,241
8	$8,365,705	-$3,055,641 -$577,234	$4,732,830
9	$8,784,010	-$3,210,414 -$606,097	$4,967,499
10	$9,223,250	-$3,372,933 -$636,404	$5,213,913
11	$9,684,215	-$3,543,490 -$668,211	$5,472,514
12	$10,168,485	-$3,722,670 -$701,625	$5,744,190
13	$10,676,850	-$3,910,765 -$736,703	$6,029,382
14	$11,210,890	-$4,108,360 -$773,551	$6,328,979
15	$11,771,395	-$4,315,747 -$812,226	$6,643,422
16	$12,359,945	-$4,533,510 -$852,836	$6,973,599
17	$12,977,725	-$4,762,089 -$895,463	$7,320,173
18	$13,626,710	-$5,002,213 -$940,243	$7,684,254
19	$14,308,085	-$5,254,322 -$987,258	$8,066,505
20	$15,023,430	-$5,518,999 -$1,036,617	$8,467,814
21	$15,774,720	-$5,796,977 -$1,088,456	$8,889,287
22	$16,563,535	-$6,088,838 -$1,142,884	$9,331,813
23	$17,391,455	-$6,395,169 -$1,200,010	$9,796,276
24	$18,261,245	-$6,716,991 -$1,260,026	$10,284,228
25	$19,174,090	-$7,054,744 -$1,323,012	$10,796,334
26	$20,133,150	-$7,409,596 -$1,389,187	$11,334,367
27	$21,139,610	-$7,781,986 -$1,458,633	$11,898,991
28	$22,196,630	-$8,173,083 -$1,531,567	$12,491,980
29	$23,306,580	-$8,583,765 -$1,608,154	$13,114,661
30	$24,471,830	-$9,014,907 -$1,688,556	$13,768,367