South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(6.9%)	$3,829,500
Net Lumpsum Payment	$31,175,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$135,007	$1,137,340
2	$2,054,520	-$720,503 -$141,762	$1,192,255
3	$2,157,220	-$758,502 -$148,848	$1,249,870
4	$2,265,120	-$798,425 -$156,293	$1,310,402
5	$2,378,350	-$840,320 -$164,106	$1,373,924
6	$2,497,300	-$884,331 -$172,314	$1,440,655
7	$2,622,100	-$930,507 -$180,925	$1,510,668
8	$2,753,270	-$979,040 -$189,976	$1,584,254
9	$2,890,940	-$1,029,978 -$199,475	$1,661,487
10	$3,035,500	-$1,083,465 -$209,450	$1,742,585
11	$3,187,210	-$1,139,598 -$219,917	$1,827,695
12	$3,346,590	-$1,198,569 -$230,915	$1,917,106
13	$3,513,900	-$1,260,473 -$242,459	$2,010,968
14	$3,689,660	-$1,325,505 -$254,587	$2,109,568
15	$3,874,130	-$1,393,758 -$267,315	$2,213,057
16	$4,067,830	-$1,465,427 -$280,680	$2,321,723
17	$4,271,150	-$1,540,656 -$294,709	$2,435,785
18	$4,484,740	-$1,619,684 -$309,447	$2,555,609
19	$4,708,990	-$1,702,657 -$324,920	$2,681,413
20	$4,944,420	-$1,789,766 -$341,165	$2,813,489
21	$5,191,680	-$1,881,252 -$358,226	$2,952,202
22	$5,451,290	-$1,977,308 -$376,139	$3,097,843
23	$5,723,770	-$2,078,125 -$394,940	$3,250,705
24	$6,010,030	-$2,184,041 -$414,692	$3,411,297
25	$6,310,460	-$2,295,201 -$435,422	$3,579,837
26	$6,626,100	-$2,411,987 -$457,201	$3,756,912
27	$6,957,340	-$2,534,546 -$480,056	$3,942,738
28	$7,305,220	-$2,663,262 -$504,060	$4,137,898
29	$7,670,520	-$2,798,423 -$529,266	$4,342,831
30	$8,054,020	-$2,940,318 -$555,727	$4,557,975