South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(6.9%)	$1,869,900
Net Lumpsum Payment	$15,242,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$65,427	$571,617
2	$995,652	-$328,722 -$68,700	$598,230
3	$1,045,422	-$347,137 -$72,134	$626,151
4	$1,097,712	-$366,484 -$75,742	$655,486
5	$1,152,585	-$386,787 -$79,528	$686,270
6	$1,210,230	-$408,115 -$83,506	$718,609
7	$1,270,710	-$430,493 -$87,679	$752,538
8	$1,334,277	-$454,013 -$92,065	$788,199
9	$1,400,994	-$478,698 -$96,669	$825,627
10	$1,471,050	-$504,619 -$101,502	$864,929
11	$1,544,571	-$531,822 -$106,575	$906,174
12	$1,621,809	-$560,400 -$111,905	$949,504
13	$1,702,890	-$590,400 -$117,499	$994,991
14	$1,788,066	-$621,915 -$123,377	$1,042,774
15	$1,877,463	-$654,992 -$129,545	$1,092,926
16	$1,971,333	-$689,724 -$136,022	$1,145,587
17	$2,069,865	-$726,180 -$142,821	$1,200,864
18	$2,173,374	-$764,479 -$149,963	$1,258,932
19	$2,282,049	-$804,689 -$157,461	$1,319,899
20	$2,396,142	-$846,903 -$165,334	$1,383,905
21	$2,515,968	-$891,239 -$173,602	$1,451,127
22	$2,641,779	-$937,789 -$182,283	$1,521,707
23	$2,773,827	-$986,646 -$191,394	$1,595,787
24	$2,912,553	-$1,037,975 -$200,966	$1,673,612
25	$3,058,146	-$1,091,844 -$211,012	$1,755,290
26	$3,211,110	-$1,148,441 -$221,567	$1,841,102
27	$3,371,634	-$1,207,835 -$232,643	$1,931,156
28	$3,540,222	-$1,270,213 -$244,275	$2,025,734
29	$3,717,252	-$1,335,714 -$256,490	$2,125,048
30	$3,903,102	-$1,404,478 -$269,314	$2,229,310