South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(6.9%)	$16,849,800
Net Lumpsum Payment	$137,035,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$553,531	$4,540,114
2	$8,423,532	-$3,077,037 -$581,224	$4,765,271
3	$8,844,602	-$3,232,833 -$610,278	$5,001,491
4	$9,286,992	-$3,396,517 -$640,802	$5,249,673
5	$9,751,235	-$3,568,287 -$672,835	$5,510,113
6	$10,238,930	-$3,748,734 -$706,486	$5,783,710
7	$10,750,610	-$3,938,056 -$741,792	$6,070,762
8	$11,288,407	-$4,137,041 -$778,900	$6,372,466
9	$11,852,854	-$4,345,886 -$817,847	$6,689,121
10	$12,445,550	-$4,565,184 -$858,743	$7,021,623
11	$13,067,561	-$4,795,328 -$901,662	$7,370,571
12	$13,721,019	-$5,037,107 -$946,750	$7,737,162
13	$14,406,990	-$5,290,917 -$994,082	$8,121,991
14	$15,127,606	-$5,557,545 -$1,043,805	$8,526,256
15	$15,883,933	-$5,837,386 -$1,095,991	$8,950,556
16	$16,678,103	-$6,131,228 -$1,150,789	$9,396,086
17	$17,511,715	-$6,439,665 -$1,208,308	$9,863,742
18	$18,387,434	-$6,763,681 -$1,268,733	$10,355,020
19	$19,306,859	-$7,103,868 -$1,332,173	$10,870,818
20	$20,272,122	-$7,461,016 -$1,398,776	$11,412,330
21	$21,285,888	-$7,836,109 -$1,468,726	$11,981,053
22	$22,350,289	-$8,229,937 -$1,542,170	$12,578,182
23	$23,467,457	-$8,643,289 -$1,619,255	$13,204,913
24	$24,641,123	-$9,077,546 -$1,700,237	$13,863,340
25	$25,872,886	-$9,533,298 -$1,785,229	$14,554,359
26	$27,167,010	-$10,012,124 -$1,874,524	$15,280,362
27	$28,525,094	-$10,514,615 -$1,968,231	$16,042,248
28	$29,951,402	-$11,042,349 -$2,066,647	$16,842,406
29	$31,449,132	-$11,596,509 -$2,169,990	$17,682,633
30	$33,021,482	-$12,178,279 -$2,278,482	$18,564,721