The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For South Carolina residents, the state will deduct 6.9% from your lottery earnings.
| South Carolina MEGA Millions Jackpot/Cash Option for Fri Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(6.9%) | $20,237,700 | | Net Lumpsum Payment | $164,580,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$697,885 |
$5,713,776 |
| 2 |
$10,620,288 |
$3,889,837
$732,800 |
$5,997,651 |
| 3 |
$11,151,168 |
$4,086,263
$769,431 |
$6,295,474 |
| 4 |
$11,708,928 |
$4,292,634
$807,916 |
$6,608,378 |
| 5 |
$12,294,240 |
$4,509,199
$848,303 |
$6,936,738 |
| 6 |
$12,909,120 |
$4,736,705
$890,729 |
$7,281,686 |
| 7 |
$13,554,240 |
$4,975,399
$935,243 |
$7,643,598 |
| 8 |
$14,232,288 |
$5,226,277
$982,028 |
$8,023,983 |
| 9 |
$14,943,936 |
$5,489,587
$1,031,132 |
$8,423,217 |
| 10 |
$15,691,200 |
$5,766,074
$1,082,693 |
$8,842,433 |
| 11 |
$16,475,424 |
$6,056,237
$1,136,804 |
$9,282,383 |
| 12 |
$17,299,296 |
$6,361,070
$1,193,651 |
$9,744,575 |
| 13 |
$18,164,160 |
$6,681,070
$1,253,327 |
$10,229,763 |
| 14 |
$19,072,704 |
$7,017,231
$1,316,017 |
$10,739,456 |
| 15 |
$20,026,272 |
$7,370,051
$1,381,813 |
$11,274,408 |
| 16 |
$21,027,552 |
$7,740,525
$1,450,901 |
$11,836,126 |
| 17 |
$22,078,560 |
$8,129,398
$1,523,421 |
$12,425,741 |
| 18 |
$23,182,656 |
$8,537,913
$1,599,603 |
$13,045,140 |
| 19 |
$24,341,856 |
$8,966,817
$1,679,588 |
$13,695,451 |
| 20 |
$25,558,848 |
$9,417,104
$1,763,561 |
$14,378,183 |
| 21 |
$26,836,992 |
$9,890,017
$1,851,752 |
$15,095,223 |
| 22 |
$28,178,976 |
$10,386,552
$1,944,349 |
$15,848,075 |
| 23 |
$29,587,488 |
$10,907,701
$2,041,537 |
$16,638,250 |
| 24 |
$31,067,232 |
$11,455,206
$2,143,639 |
$17,468,387 |
| 25 |
$32,620,224 |
$12,029,813
$2,250,795 |
$18,339,616 |
| 26 |
$34,251,840 |
$12,633,511
$2,363,377 |
$19,254,952 |
| 27 |
$35,964,096 |
$13,267,046
$2,481,523 |
$20,215,527 |
| 28 |
$37,762,368 |
$13,932,407
$2,605,603 |
$21,224,358 |
| 29 |
$39,650,688 |
$14,631,085
$2,735,897 |
$22,283,706 |
| 30 |
$41,633,088 |
$15,364,573
$2,872,683 |
$23,395,832 |
|
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