The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(6.9%) | $4,968,000 | | Net Lumpsum Payment | $40,431,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$163,047 |
$1,365,317 |
| 2 |
$2,481,228 |
$878,385
$171,205 |
$1,431,638 |
| 3 |
$2,605,258 |
$924,276
$179,763 |
$1,501,219 |
| 4 |
$2,735,568 |
$972,491
$188,754 |
$1,574,323 |
| 5 |
$2,872,315 |
$1,023,087
$198,190 |
$1,651,038 |
| 6 |
$3,015,970 |
$1,076,239
$208,102 |
$1,731,629 |
| 7 |
$3,166,690 |
$1,132,006
$218,502 |
$1,816,182 |
| 8 |
$3,325,103 |
$1,190,618
$229,432 |
$1,905,053 |
| 9 |
$3,491,366 |
$1,252,136
$240,904 |
$1,998,326 |
| 10 |
$3,665,950 |
$1,316,732
$252,951 |
$2,096,267 |
| 11 |
$3,849,169 |
$1,384,523
$265,593 |
$2,199,053 |
| 12 |
$4,041,651 |
$1,455,741
$278,874 |
$2,307,036 |
| 13 |
$4,243,710 |
$1,530,503
$292,816 |
$2,420,391 |
| 14 |
$4,455,974 |
$1,609,041
$307,462 |
$2,539,471 |
| 15 |
$4,678,757 |
$1,691,470
$322,834 |
$2,664,453 |
| 16 |
$4,912,687 |
$1,778,025
$338,975 |
$2,795,687 |
| 17 |
$5,158,235 |
$1,868,877
$355,918 |
$2,933,440 |
| 18 |
$5,416,186 |
$1,964,319
$373,717 |
$3,078,150 |
| 19 |
$5,687,011 |
$2,064,524
$392,404 |
$3,230,083 |
| 20 |
$5,971,338 |
$2,169,725
$412,022 |
$3,389,591 |
| 21 |
$6,269,952 |
$2,280,213
$432,627 |
$3,557,112 |
| 22 |
$6,583,481 |
$2,396,218
$454,260 |
$3,733,003 |
| 23 |
$6,912,553 |
$2,517,975
$476,966 |
$3,917,612 |
| 24 |
$7,258,267 |
$2,645,889
$500,820 |
$4,111,558 |
| 25 |
$7,621,094 |
$2,780,135
$525,855 |
$4,315,104 |
| 26 |
$8,002,290 |
$2,921,178
$552,158 |
$4,528,954 |
| 27 |
$8,402,326 |
$3,069,191
$579,760 |
$4,753,375 |
| 28 |
$8,822,458 |
$3,224,640
$608,750 |
$4,989,068 |
| 29 |
$9,263,628 |
$3,387,873
$639,190 |
$5,236,565 |
| 30 |
$9,726,778 |
$3,559,238
$671,148 |
$5,496,392 |
|
|
