South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 14, 2026 is estimated to be $146 Million, with a cash option of 66.9 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 Sat Feb 14, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 14, 2026	$146,000,000	$66,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,900,000
Federal Tax(24%)	$16,056,000
Additional Federal Tax	$8,657,330
State Tax(6.9%)	$4,616,100
Net Lumpsum Payment	$37,570,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$151,624	$1,272,437
2	$2,307,384	-$814,062 -$159,209	$1,334,113
3	$2,422,724	-$856,738 -$167,168	$1,398,818
4	$2,543,904	-$901,575 -$175,529	$1,466,800
5	$2,671,070	-$948,626 -$184,304	$1,538,140
6	$2,804,660	-$998,055 -$193,522	$1,613,083
7	$2,944,820	-$1,049,914 -$203,193	$1,691,713
8	$3,092,134	-$1,104,420 -$213,357	$1,774,357
9	$3,246,748	-$1,161,627 -$224,026	$1,861,095
10	$3,409,100	-$1,221,697 -$235,228	$1,952,175
11	$3,579,482	-$1,284,739 -$246,984	$2,047,759
12	$3,758,478	-$1,350,967 -$259,335	$2,148,176
13	$3,946,380	-$1,420,491 -$272,300	$2,253,589
14	$4,143,772	-$1,493,526 -$285,920	$2,364,326
15	$4,350,946	-$1,570,180 -$300,215	$2,480,551
16	$4,568,486	-$1,650,670 -$315,226	$2,602,590
17	$4,796,830	-$1,735,157 -$330,981	$2,730,692
18	$5,036,708	-$1,823,912 -$347,533	$2,865,263
19	$5,288,558	-$1,917,097 -$364,911	$3,006,550
20	$5,552,964	-$2,014,927 -$383,155	$3,154,882
21	$5,830,656	-$2,117,673 -$402,315	$3,310,668
22	$6,122,218	-$2,225,551 -$422,433	$3,474,234
23	$6,428,234	-$2,338,777 -$443,548	$3,645,909
24	$6,749,726	-$2,457,729 -$465,731	$3,826,266
25	$7,087,132	-$2,582,569 -$489,012	$4,015,551
26	$7,441,620	-$2,713,730 -$513,472	$4,214,418
27	$7,813,628	-$2,851,373 -$539,140	$4,423,115
28	$8,204,324	-$2,995,930 -$566,098	$4,642,296
29	$8,614,584	-$3,147,726 -$594,406	$4,872,452
30	$9,045,284	-$3,307,085 -$624,125	$5,114,074