South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 30, 2026 is estimated to be $180 Million, with a cash option of 80.8 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

South Carolina Powerball Jackpot/Cash Option for Mon Mar 30, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 30, 2026	$180,000,000	$80,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$80,800,000
Federal Tax(24%)	$19,392,000
Additional Federal Tax	$10,464,330
State Tax(6.9%)	$5,575,200
Net Lumpsum Payment	$45,368,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$186,933	$1,559,520
2	$2,844,720	-$1,012,877 -$196,286	$1,635,557
3	$2,986,920	-$1,065,491 -$206,097	$1,715,332
4	$3,136,320	-$1,120,769 -$216,406	$1,799,145
5	$3,293,100	-$1,178,777 -$227,224	$1,887,099
6	$3,457,800	-$1,239,716 -$238,588	$1,979,496
7	$3,630,600	-$1,303,652 -$250,511	$2,076,437
8	$3,812,220	-$1,370,852 -$263,043	$2,178,325
9	$4,002,840	-$1,441,381 -$276,196	$2,285,263
10	$4,203,000	-$1,515,440 -$290,007	$2,397,553
11	$4,413,060	-$1,593,163 -$304,501	$2,515,396
12	$4,633,740	-$1,674,814 -$319,728	$2,639,198
13	$4,865,400	-$1,760,528 -$335,713	$2,769,159
14	$5,108,760	-$1,850,572 -$352,504	$2,905,684
15	$5,364,180	-$1,945,077 -$370,128	$3,048,975
16	$5,632,380	-$2,044,311 -$388,634	$3,199,435
17	$5,913,900	-$2,148,473 -$408,059	$3,357,368
18	$6,209,640	-$2,257,897 -$428,465	$3,523,278
19	$6,520,140	-$2,372,782 -$449,890	$3,697,468
20	$6,846,120	-$2,493,395 -$472,382	$3,880,343
21	$7,188,480	-$2,620,068 -$496,005	$4,072,407
22	$7,547,940	-$2,753,068 -$520,808	$4,274,064
23	$7,925,220	-$2,892,662 -$546,840	$4,485,718
24	$8,321,580	-$3,039,315 -$574,189	$4,708,076
25	$8,737,560	-$3,193,228 -$602,892	$4,941,440
26	$9,174,600	-$3,354,932 -$633,047	$5,186,621
27	$9,633,240	-$3,524,629 -$664,694	$5,443,917
28	$10,114,920	-$3,702,851 -$697,929	$5,714,140
29	$10,620,720	-$3,889,997 -$732,830	$5,997,893
30	$11,151,720	-$4,086,467 -$769,469	$6,295,784