South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(6.9%)	$19,182,000
Net Lumpsum Payment	$155,997,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$661,537	$5,418,249
2	$10,067,148	-$3,685,175 -$694,633	$5,687,340
3	$10,570,378	-$3,871,370 -$729,356	$5,969,652
4	$11,099,088	-$4,066,993 -$765,837	$6,266,258
5	$11,653,915	-$4,272,279 -$804,120	$6,577,516
6	$12,236,770	-$4,487,935 -$844,337	$6,904,498
7	$12,848,290	-$4,714,198 -$886,532	$7,247,560
8	$13,491,023	-$4,952,009 -$930,881	$7,608,133
9	$14,165,606	-$5,201,605 -$977,427	$7,986,574
10	$14,873,950	-$5,463,692 -$1,026,303	$8,383,955
11	$15,617,329	-$5,738,742 -$1,077,596	$8,800,991
12	$16,398,291	-$6,027,698 -$1,131,482	$9,239,111
13	$17,218,110	-$6,331,031 -$1,188,050	$9,699,029
14	$18,079,334	-$6,649,684 -$1,247,474	$10,182,176
15	$18,983,237	-$6,984,128 -$1,309,843	$10,689,266
16	$19,932,367	-$7,335,306 -$1,375,333	$11,221,728
17	$20,928,635	-$7,703,925 -$1,444,076	$11,780,634
18	$21,975,226	-$8,091,164 -$1,516,291	$12,367,771
19	$23,074,051	-$8,497,729 -$1,592,110	$12,984,212
20	$24,227,658	-$8,924,564 -$1,671,708	$13,631,386
21	$25,439,232	-$9,372,846 -$1,755,307	$14,311,079
22	$26,711,321	-$9,843,519 -$1,843,081	$15,024,721
23	$28,046,473	-$10,337,525 -$1,935,207	$15,773,741
24	$29,449,147	-$10,856,515 -$2,031,991	$16,560,641
25	$30,921,254	-$11,401,194 -$2,133,567	$17,386,493
26	$32,467,890	-$11,973,450 -$2,240,284	$18,254,156
27	$34,090,966	-$12,573,988 -$2,352,277	$19,164,701
28	$35,795,578	-$13,204,694 -$2,469,895	$20,120,989
29	$37,585,548	-$13,866,983 -$2,593,403	$21,125,162
30	$39,464,698	-$14,562,269 -$2,723,064	$22,179,365