South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 7, 2026 is estimated to be $105 Million, with a cash option of 47.4 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 Wed Jan 7, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 7, 2026	$105,000,000	$47,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$47,400,000
Federal Tax(24%)	$11,376,000
Additional Federal Tax	$6,122,330
State Tax(6.9%)	$3,270,600
Net Lumpsum Payment	$26,631,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,580,355	-$545,062 -$109,044	$926,249
2	$1,659,420	-$574,316 -$114,500	$970,604
3	$1,742,370	-$605,007 -$120,224	$1,017,139
4	$1,829,520	-$637,253 -$126,237	$1,066,030
5	$1,920,975	-$671,091 -$132,547	$1,117,337
6	$2,017,050	-$706,639 -$139,176	$1,171,235
7	$2,117,850	-$743,935 -$146,132	$1,227,783
8	$2,223,795	-$783,135 -$153,442	$1,287,218
9	$2,334,990	-$824,277 -$161,114	$1,349,599
10	$2,451,750	-$867,478 -$169,171	$1,415,101
11	$2,574,285	-$912,816 -$177,626	$1,483,843
12	$2,703,015	-$960,446 -$186,508	$1,556,061
13	$2,838,150	-$1,010,446 -$195,832	$1,631,872
14	$2,980,110	-$1,062,971 -$205,628	$1,711,511
15	$3,129,105	-$1,118,099 -$215,908	$1,795,098
16	$3,285,555	-$1,175,986 -$226,703	$1,882,866
17	$3,449,775	-$1,236,747 -$238,034	$1,974,994
18	$3,622,290	-$1,300,578 -$249,938	$2,071,774
19	$3,803,415	-$1,367,594 -$262,436	$2,173,385
20	$3,993,570	-$1,437,951 -$275,556	$2,280,063
21	$4,193,280	-$1,511,844 -$289,336	$2,392,100
22	$4,402,965	-$1,589,427 -$303,805	$2,509,733
23	$4,623,045	-$1,670,857 -$318,990	$2,633,198
24	$4,854,255	-$1,756,405 -$334,944	$2,762,906
25	$5,096,910	-$1,846,187 -$351,687	$2,899,036
26	$5,351,850	-$1,940,515 -$369,278	$3,042,057
27	$5,619,390	-$2,039,505 -$387,738	$3,192,147
28	$5,900,370	-$2,143,467 -$407,126	$3,349,777
29	$6,195,420	-$2,252,636 -$427,484	$3,515,300
30	$6,505,170	-$2,367,243 -$448,857	$3,689,070