South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(6.9%)	$10,612,200
Net Lumpsum Payment	$86,321,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$359,328	$2,961,159
2	$5,468,184	-$1,983,558 -$377,305	$3,107,321
3	$5,741,524	-$2,084,694 -$396,165	$3,260,665
4	$6,028,704	-$2,190,951 -$415,981	$3,421,772
5	$6,330,070	-$2,302,456 -$436,775	$3,590,839
6	$6,646,660	-$2,419,595 -$458,620	$3,768,445
7	$6,978,820	-$2,542,494 -$481,539	$3,954,787
8	$7,327,934	-$2,671,666 -$505,627	$4,150,641
9	$7,694,348	-$2,807,239 -$530,910	$4,356,199
10	$8,079,100	-$2,949,597 -$557,458	$4,572,045
11	$8,482,882	-$3,098,997 -$585,319	$4,798,566
12	$8,907,078	-$3,255,949 -$614,588	$5,036,541
13	$9,352,380	-$3,420,711 -$645,314	$5,286,355
14	$9,820,172	-$3,593,794 -$677,592	$5,548,786
15	$10,311,146	-$3,775,454 -$711,469	$5,824,223
16	$10,826,686	-$3,966,204 -$747,041	$6,113,441
17	$11,367,830	-$4,166,427 -$784,380	$6,417,023
18	$11,936,308	-$4,376,764 -$823,605	$6,735,939
19	$12,533,158	-$4,597,599 -$864,788	$7,070,771
20	$13,159,764	-$4,829,443 -$908,024	$7,422,297
21	$13,817,856	-$5,072,937 -$953,432	$7,791,487
22	$14,508,818	-$5,328,593 -$1,001,108	$8,179,117
23	$15,234,034	-$5,596,923 -$1,051,148	$8,585,963
24	$15,995,926	-$5,878,823 -$1,103,719	$9,013,384
25	$16,795,532	-$6,174,677 -$1,158,892	$9,461,963
26	$17,635,620	-$6,485,510 -$1,216,858	$9,933,252
27	$18,517,228	-$6,811,705 -$1,277,689	$10,427,834
28	$19,443,124	-$7,154,286 -$1,341,576	$10,947,262
29	$20,415,384	-$7,514,022 -$1,408,661	$11,492,701
30	$21,436,084	-$7,891,681 -$1,479,090	$12,065,313