The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(6.9%) | $16,049,400 | | Net Lumpsum Payment | $130,528,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$515,105 |
$4,227,701 |
| 2 |
$7,838,784 |
$2,860,680
$540,876 |
$4,437,228 |
| 3 |
$8,230,624 |
$3,005,661
$567,913 |
$4,657,050 |
| 4 |
$8,642,304 |
$3,157,983
$596,319 |
$4,888,002 |
| 5 |
$9,074,320 |
$3,317,829
$626,128 |
$5,130,363 |
| 6 |
$9,528,160 |
$3,485,750
$657,443 |
$5,384,967 |
| 7 |
$10,004,320 |
$3,661,929
$690,298 |
$5,652,093 |
| 8 |
$10,504,784 |
$3,847,100
$724,830 |
$5,932,854 |
| 9 |
$11,030,048 |
$4,041,448
$761,073 |
$6,227,527 |
| 10 |
$11,581,600 |
$4,245,522
$799,130 |
$6,536,948 |
| 11 |
$12,160,432 |
$4,459,690
$839,070 |
$6,861,672 |
| 12 |
$12,768,528 |
$4,684,686
$881,028 |
$7,202,814 |
| 13 |
$13,406,880 |
$4,920,876
$925,075 |
$7,560,929 |
| 14 |
$14,077,472 |
$5,168,995
$971,346 |
$7,937,131 |
| 15 |
$14,781,296 |
$5,429,410
$1,019,909 |
$8,331,977 |
| 16 |
$15,520,336 |
$5,702,855
$1,070,903 |
$8,746,578 |
| 17 |
$16,296,080 |
$5,989,880
$1,124,430 |
$9,181,770 |
| 18 |
$17,111,008 |
$6,291,403
$1,180,660 |
$9,638,945 |
| 19 |
$17,966,608 |
$6,607,975
$1,239,696 |
$10,118,937 |
| 20 |
$18,864,864 |
$6,940,330
$1,301,676 |
$10,622,858 |
| 21 |
$19,808,256 |
$7,289,385
$1,366,770 |
$11,152,101 |
| 22 |
$20,798,768 |
$7,655,875
$1,435,115 |
$11,707,778 |
| 23 |
$21,838,384 |
$8,040,532
$1,506,848 |
$12,291,004 |
| 24 |
$22,930,576 |
$8,444,644
$1,582,210 |
$12,903,722 |
| 25 |
$24,076,832 |
$8,868,758
$1,661,301 |
$13,546,773 |
| 26 |
$25,281,120 |
$9,314,345
$1,744,397 |
$14,222,378 |
| 27 |
$26,544,928 |
$9,781,954
$1,831,600 |
$14,931,374 |
| 28 |
$27,872,224 |
$10,273,053
$1,923,183 |
$15,675,988 |
| 29 |
$29,265,984 |
$10,788,744
$2,019,353 |
$16,457,887 |
| 30 |
$30,729,184 |
$11,330,128
$2,120,314 |
$17,278,742 |
|
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