South Carolina Lottery

SCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(6.9%)	$9,632,400
Net Lumpsum Payment	$78,355,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$358,289	$2,952,715
2	$5,452,380	-$1,977,711 -$376,214	$3,098,455
3	$5,724,930	-$2,078,554 -$395,020	$3,251,356
4	$6,011,280	-$2,184,504 -$414,778	$3,411,998
5	$6,311,775	-$2,295,687 -$435,512	$3,580,576
6	$6,627,450	-$2,412,487 -$457,294	$3,757,669
7	$6,958,650	-$2,535,031 -$480,147	$3,943,472
8	$7,306,755	-$2,663,830 -$504,166	$4,138,759
9	$7,672,110	-$2,799,011 -$529,376	$4,343,723
10	$8,055,750	-$2,940,958 -$555,847	$4,558,945
11	$8,458,365	-$3,089,925 -$583,627	$4,784,813
12	$8,881,335	-$3,246,424 -$612,812	$5,022,099
13	$9,325,350	-$3,410,710 -$643,449	$5,271,191
14	$9,791,790	-$3,583,293 -$675,634	$5,532,863
15	$10,281,345	-$3,764,428 -$709,413	$5,807,504
16	$10,795,395	-$3,954,627 -$744,882	$6,095,886
17	$11,334,975	-$4,154,271 -$782,113	$6,398,591
18	$11,901,810	-$4,364,000 -$821,225	$6,716,585
19	$12,496,935	-$4,584,196 -$862,289	$7,050,450
20	$13,121,730	-$4,815,370 -$905,399	$7,400,961
21	$13,777,920	-$5,058,161 -$950,676	$7,769,083
22	$14,466,885	-$5,313,078 -$998,215	$8,155,592
23	$15,190,005	-$5,580,632 -$1,048,110	$8,561,263
24	$15,949,695	-$5,861,718 -$1,100,529	$8,987,448
25	$16,746,990	-$6,156,717 -$1,155,542	$9,434,731
26	$17,584,650	-$6,466,651 -$1,213,341	$9,904,658
27	$18,463,710	-$6,791,903 -$1,273,996	$10,397,811
28	$19,386,930	-$7,133,494 -$1,337,698	$10,915,738
29	$20,356,380	-$7,492,191 -$1,404,590	$11,459,599
30	$21,374,130	-$7,868,758 -$1,474,815	$12,030,557