The jackpot for the Powerball draw on Mon Jun 29, 2026, is projected to be $360 Million, with an option for a cash payout of $163.8 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Mon Jun 29, 2026 |
|---|
| Draw Date | Mon Jun 29, 2026 | | Projected Jackpot | $360,000,000 | | Cash Value | $163,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,800,000 | | Federal Tax(24%) | $39,312,000 | | Additional Federal Tax | $21,254,330 | | State Tax(6.9%) | $11,302,200 | | Net Lumpsum Payment | $91,931,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,418,360 |
$1,965,124
$373,867 |
$3,079,369 |
| 2 |
$5,689,440 |
$2,065,423
$392,571 |
$3,231,446 |
| 3 |
$5,973,840 |
$2,170,651
$412,195 |
$3,390,994 |
| 4 |
$6,272,640 |
$2,281,207
$432,812 |
$3,558,621 |
| 5 |
$6,586,200 |
$2,397,224
$454,448 |
$3,734,528 |
| 6 |
$6,915,600 |
$2,519,102
$477,176 |
$3,919,322 |
| 7 |
$7,261,200 |
$2,646,974
$501,023 |
$4,113,203 |
| 8 |
$7,624,440 |
$2,781,373
$526,086 |
$4,316,981 |
| 9 |
$8,005,680 |
$2,922,432
$552,392 |
$4,530,856 |
| 10 |
$8,406,000 |
$3,070,550
$580,014 |
$4,755,436 |
| 11 |
$8,826,120 |
$3,225,995
$609,002 |
$4,991,123 |
| 12 |
$9,267,480 |
$3,389,298
$639,456 |
$5,238,726 |
| 13 |
$9,730,800 |
$3,560,726
$671,425 |
$5,498,649 |
| 14 |
$10,217,520 |
$3,740,813
$705,009 |
$5,771,698 |
| 15 |
$10,728,360 |
$3,929,824
$740,257 |
$6,058,279 |
| 16 |
$11,264,760 |
$4,128,292
$777,268 |
$6,359,200 |
| 17 |
$11,827,800 |
$4,336,616
$816,118 |
$6,675,066 |
| 18 |
$12,419,280 |
$4,555,464
$856,930 |
$7,006,886 |
| 19 |
$13,040,280 |
$4,785,234
$899,779 |
$7,355,267 |
| 20 |
$13,692,240 |
$5,026,459
$944,765 |
$7,721,016 |
| 21 |
$14,376,960 |
$5,279,806
$992,010 |
$8,105,144 |
| 22 |
$15,095,880 |
$5,545,806
$1,041,616 |
$8,508,458 |
| 23 |
$15,850,440 |
$5,824,993
$1,093,680 |
$8,931,767 |
| 24 |
$16,643,160 |
$6,118,300
$1,148,378 |
$9,376,482 |
| 25 |
$17,475,120 |
$6,426,125
$1,205,783 |
$9,843,212 |
| 26 |
$18,349,200 |
$6,749,534
$1,266,095 |
$10,333,571 |
| 27 |
$19,266,480 |
$7,088,928
$1,329,387 |
$10,848,165 |
| 28 |
$20,229,840 |
$7,445,371
$1,395,859 |
$11,388,610 |
| 29 |
$21,241,440 |
$7,819,663
$1,465,659 |
$11,956,118 |
| 30 |
$22,303,440 |
$8,212,603
$1,538,937 |
$12,551,900 |
|
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