South Carolina Lottery

SCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(6.9%)	$1,773,300
Net Lumpsum Payment	$14,457,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$59,196	$520,955
2	$900,828	-$293,637 -$62,157	$545,034
3	$945,858	-$310,298 -$65,264	$570,296
4	$993,168	-$327,803 -$68,529	$596,836
5	$1,042,815	-$346,172 -$71,954	$624,689
6	$1,094,970	-$365,469 -$75,553	$653,948
7	$1,149,690	-$385,716 -$79,329	$684,645
8	$1,207,203	-$406,995 -$83,297	$716,911
9	$1,267,566	-$429,330 -$87,462	$750,774
10	$1,330,950	-$452,782 -$91,836	$786,332
11	$1,397,469	-$477,394 -$96,425	$823,650
12	$1,467,351	-$503,250 -$101,247	$862,854
13	$1,540,710	-$530,393 -$106,309	$904,008
14	$1,617,774	-$558,907 -$111,626	$947,241
15	$1,698,657	-$588,833 -$117,207	$992,617
16	$1,783,587	-$620,258 -$123,068	$1,040,261
17	$1,872,735	-$653,242 -$129,219	$1,090,274
18	$1,966,386	-$687,893 -$135,681	$1,142,812
19	$2,064,711	-$724,273 -$142,465	$1,197,973
20	$2,167,938	-$762,467 -$149,588	$1,255,883
21	$2,276,352	-$802,581 -$157,068	$1,316,703
22	$2,390,181	-$844,697 -$164,922	$1,380,562
23	$2,509,653	-$888,902 -$173,166	$1,447,585
24	$2,635,167	-$935,342 -$181,827	$1,517,998
25	$2,766,894	-$984,081 -$190,916	$1,591,897
26	$2,905,290	-$1,035,288 -$200,465	$1,669,537
27	$3,050,526	-$1,089,025 -$210,486	$1,751,015
28	$3,203,058	-$1,145,462 -$221,011	$1,836,585
29	$3,363,228	-$1,204,725 -$232,063	$1,926,440
30	$3,531,378	-$1,266,940 -$243,665	$2,020,773