The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Tue Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(6.9%) | $4,754,100 | | Net Lumpsum Payment | $38,692,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$166,163 |
$1,390,647 |
| 2 |
$2,528,640 |
$895,927
$174,476 |
$1,458,237 |
| 3 |
$2,655,040 |
$942,695
$183,198 |
$1,529,147 |
| 4 |
$2,787,840 |
$991,831
$192,361 |
$1,603,648 |
| 5 |
$2,927,200 |
$1,043,394
$201,977 |
$1,681,829 |
| 6 |
$3,073,600 |
$1,097,562
$212,078 |
$1,763,960 |
| 7 |
$3,227,200 |
$1,154,394
$222,677 |
$1,850,129 |
| 8 |
$3,388,640 |
$1,214,127
$233,816 |
$1,940,697 |
| 9 |
$3,558,080 |
$1,276,820
$245,508 |
$2,035,752 |
| 10 |
$3,736,000 |
$1,342,650
$257,784 |
$2,135,566 |
| 11 |
$3,922,720 |
$1,411,737
$270,668 |
$2,240,315 |
| 12 |
$4,118,880 |
$1,484,316
$284,203 |
$2,350,361 |
| 13 |
$4,324,800 |
$1,560,506
$298,411 |
$2,465,883 |
| 14 |
$4,541,120 |
$1,640,545
$313,337 |
$2,587,238 |
| 15 |
$4,768,160 |
$1,724,550
$329,003 |
$2,714,607 |
| 16 |
$5,006,560 |
$1,812,758
$345,453 |
$2,848,349 |
| 17 |
$5,256,800 |
$1,905,346
$362,719 |
$2,988,735 |
| 18 |
$5,519,680 |
$2,002,612
$380,858 |
$3,136,210 |
| 19 |
$5,795,680 |
$2,104,732
$399,902 |
$3,291,046 |
| 20 |
$6,085,440 |
$2,211,943
$419,895 |
$3,453,602 |
| 21 |
$6,389,760 |
$2,324,542
$440,893 |
$3,624,325 |
| 22 |
$6,709,280 |
$2,442,764
$462,940 |
$3,803,576 |
| 23 |
$7,044,640 |
$2,566,847
$486,080 |
$3,991,713 |
| 24 |
$7,396,960 |
$2,697,206
$510,390 |
$4,189,364 |
| 25 |
$7,766,720 |
$2,834,017
$535,904 |
$4,396,799 |
| 26 |
$8,155,200 |
$2,977,754
$562,709 |
$4,614,737 |
| 27 |
$8,562,880 |
$3,128,596
$590,839 |
$4,843,445 |
| 28 |
$8,991,040 |
$3,287,015
$620,382 |
$5,083,643 |
| 29 |
$9,440,640 |
$3,453,367
$651,404 |
$5,335,869 |
| 30 |
$9,912,640 |
$3,628,007
$683,972 |
$5,600,661 |
|
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