South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(6.9%)	$2,739,300
Net Lumpsum Payment	$22,311,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$90,351	$774,264
2	$1,374,948	-$469,061 -$94,871	$811,016
3	$1,443,678	-$494,491 -$99,614	$849,573
4	$1,515,888	-$521,209 -$104,596	$890,083
5	$1,591,665	-$549,246 -$109,825	$932,594
6	$1,671,270	-$578,700 -$115,318	$977,252
7	$1,754,790	-$609,603 -$121,081	$1,024,106
8	$1,842,573	-$642,082 -$127,138	$1,073,353
9	$1,934,706	-$676,172 -$133,495	$1,125,039
10	$2,031,450	-$711,967 -$140,170	$1,179,313
11	$2,132,979	-$749,533 -$147,176	$1,236,270
12	$2,239,641	-$788,998 -$154,535	$1,296,108
13	$2,351,610	-$830,426 -$162,261	$1,358,923
14	$2,469,234	-$873,947 -$170,377	$1,424,910
15	$2,592,687	-$919,625 -$178,895	$1,494,167
16	$2,722,317	-$967,588 -$187,840	$1,566,889
17	$2,858,385	-$1,017,933 -$197,229	$1,643,223
18	$3,001,326	-$1,070,821 -$207,091	$1,723,414
19	$3,151,401	-$1,126,349 -$217,447	$1,807,605
20	$3,308,958	-$1,184,645 -$228,318	$1,895,995
21	$3,474,432	-$1,245,870 -$239,736	$1,988,826
22	$3,648,171	-$1,310,154 -$251,724	$2,086,293
23	$3,830,523	-$1,377,624 -$264,306	$2,188,593
24	$4,022,097	-$1,448,506 -$277,525	$2,296,066
25	$4,223,154	-$1,522,897 -$291,398	$2,408,859
26	$4,434,390	-$1,601,055 -$305,973	$2,527,362
27	$4,656,066	-$1,683,075 -$321,269	$2,651,722
28	$4,888,878	-$1,769,215 -$337,333	$2,782,330
29	$5,133,348	-$1,859,669 -$354,201	$2,919,478
30	$5,389,998	-$1,954,630 -$371,910	$3,063,458