The jackpot for the MEGA Millions draw on Tue Jul 28, 2026, is projected to be $800 Million, with an option for a cash payout of $344.2 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 Jul 28, 2026 |
|---|
| Draw Date | Tue Jul 28, 2026 | | Projected Jackpot | $800,000,000 | | Cash Value | $344,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $344,200,000 | | Federal Tax(24%) | $82,608,000 | | Additional Federal Tax | $44,706,330 | | State Tax(6.9%) | $23,749,800 | | Net Lumpsum Payment | $193,135,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$830,815 |
$6,794,559 |
| 2 |
$12,643,200 |
$4,638,314
$872,381 |
$7,132,505 |
| 3 |
$13,275,200 |
$4,872,154
$915,989 |
$7,487,057 |
| 4 |
$13,939,200 |
$5,117,834
$961,805 |
$7,859,561 |
| 5 |
$14,636,000 |
$5,375,650
$1,009,884 |
$8,250,466 |
| 6 |
$15,368,000 |
$5,646,490
$1,060,392 |
$8,661,118 |
| 7 |
$16,136,000 |
$5,930,650
$1,113,384 |
$9,091,966 |
| 8 |
$16,943,200 |
$6,229,314
$1,169,081 |
$9,544,805 |
| 9 |
$17,790,400 |
$6,542,778
$1,227,538 |
$10,020,084 |
| 10 |
$18,680,000 |
$6,871,930
$1,288,920 |
$10,519,150 |
| 11 |
$19,613,600 |
$7,217,362
$1,353,338 |
$11,042,900 |
| 12 |
$20,594,400 |
$7,580,258
$1,421,014 |
$11,593,128 |
| 13 |
$21,624,000 |
$7,961,210
$1,492,056 |
$12,170,734 |
| 14 |
$22,705,600 |
$8,361,402
$1,566,686 |
$12,777,512 |
| 15 |
$23,840,800 |
$8,781,426
$1,645,015 |
$13,414,359 |
| 16 |
$25,032,800 |
$9,222,466
$1,727,263 |
$14,083,071 |
| 17 |
$26,284,000 |
$9,685,410
$1,813,596 |
$14,784,994 |
| 18 |
$27,598,400 |
$10,171,738
$1,904,290 |
$15,522,372 |
| 19 |
$28,978,400 |
$10,682,338
$1,999,510 |
$16,296,552 |
| 20 |
$30,427,200 |
$11,218,394
$2,099,477 |
$17,109,329 |
| 21 |
$31,948,800 |
$11,781,386
$2,204,467 |
$17,962,947 |
| 22 |
$33,546,400 |
$12,372,498
$2,314,702 |
$18,859,200 |
| 23 |
$35,223,200 |
$12,992,914
$2,430,401 |
$19,799,885 |
| 24 |
$36,984,800 |
$13,644,706
$2,551,951 |
$20,788,143 |
| 25 |
$38,833,600 |
$14,328,762
$2,679,518 |
$21,825,320 |
| 26 |
$40,776,000 |
$15,047,450
$2,813,544 |
$22,915,006 |
| 27 |
$42,814,400 |
$15,801,658
$2,954,194 |
$24,058,548 |
| 28 |
$44,955,200 |
$16,593,754
$3,101,909 |
$25,259,537 |
| 29 |
$47,203,200 |
$17,425,514
$3,257,021 |
$26,520,665 |
| 30 |
$49,563,200 |
$18,298,714
$3,419,861 |
$27,844,625 |
|
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