South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(6.9%)	$4,333,200
Net Lumpsum Payment	$35,270,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$145,393	$1,221,775
2	$2,212,560	-$778,978 -$152,667	$1,280,915
3	$2,323,160	-$819,900 -$160,298	$1,342,962
4	$2,439,360	-$862,894 -$168,316	$1,408,150
5	$2,561,300	-$908,011 -$176,730	$1,476,559
6	$2,689,400	-$955,408 -$185,569	$1,548,423
7	$2,823,800	-$1,005,136 -$194,842	$1,623,822
8	$2,965,060	-$1,057,403 -$204,589	$1,703,068
9	$3,113,320	-$1,112,259 -$214,819	$1,786,242
10	$3,269,000	-$1,169,860 -$225,561	$1,873,579
11	$3,432,380	-$1,230,311 -$236,834	$1,965,235
12	$3,604,020	-$1,293,818 -$248,677	$2,061,525
13	$3,784,200	-$1,360,484 -$261,110	$2,162,606
14	$3,973,480	-$1,430,518 -$274,170	$2,268,792
15	$4,172,140	-$1,504,022 -$287,878	$2,380,240
16	$4,380,740	-$1,581,204 -$302,271	$2,497,265
17	$4,599,700	-$1,662,219 -$317,379	$2,620,102
18	$4,829,720	-$1,747,327 -$333,251	$2,749,142
19	$5,071,220	-$1,836,682 -$349,914	$2,884,624
20	$5,324,760	-$1,930,492 -$367,408	$3,026,860
21	$5,591,040	-$2,029,015 -$385,782	$3,176,243
22	$5,870,620	-$2,132,460 -$405,073	$3,333,087
23	$6,164,060	-$2,241,033 -$425,320	$3,497,707
24	$6,472,340	-$2,355,096 -$446,591	$3,670,653
25	$6,795,880	-$2,474,806 -$468,916	$3,852,158
26	$7,135,800	-$2,600,576 -$492,370	$4,042,854
27	$7,492,520	-$2,732,563 -$516,984	$4,242,973
28	$7,867,160	-$2,871,180 -$542,834	$4,453,146
29	$8,260,560	-$3,016,738 -$569,979	$4,673,843
30	$8,673,560	-$3,169,548 -$598,476	$4,905,536