The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(6.9%) | $14,717,700 | | Net Lumpsum Payment | $119,700,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$524,452 |
$4,303,693 |
| 2 |
$7,981,020 |
$2,913,308
$550,690 |
$4,517,022 |
| 3 |
$8,379,970 |
$3,060,919
$578,218 |
$4,740,833 |
| 4 |
$8,799,120 |
$3,216,005
$607,139 |
$4,975,976 |
| 5 |
$9,238,975 |
$3,378,751
$637,489 |
$5,222,735 |
| 6 |
$9,701,050 |
$3,549,719
$669,372 |
$5,481,959 |
| 7 |
$10,185,850 |
$3,729,095
$702,824 |
$5,753,931 |
| 8 |
$10,695,395 |
$3,917,627
$737,982 |
$6,039,786 |
| 9 |
$11,230,190 |
$4,115,501
$774,883 |
$6,339,806 |
| 10 |
$11,791,750 |
$4,323,278
$813,631 |
$6,654,841 |
| 11 |
$12,381,085 |
$4,541,332
$854,295 |
$6,985,458 |
| 12 |
$13,000,215 |
$4,770,410
$897,015 |
$7,332,790 |
| 13 |
$13,650,150 |
$5,010,886
$941,860 |
$7,697,404 |
| 14 |
$14,332,910 |
$5,263,507
$988,971 |
$8,080,432 |
| 15 |
$15,049,505 |
$5,528,647
$1,038,416 |
$8,482,442 |
| 16 |
$15,801,955 |
$5,807,054
$1,090,335 |
$8,904,566 |
| 17 |
$16,591,775 |
$6,099,287
$1,144,832 |
$9,347,656 |
| 18 |
$17,421,490 |
$6,406,282
$1,202,083 |
$9,813,125 |
| 19 |
$18,292,615 |
$6,728,598
$1,262,190 |
$10,301,827 |
| 20 |
$19,207,170 |
$7,066,983
$1,325,295 |
$10,814,892 |
| 21 |
$20,167,680 |
$7,422,372
$1,391,570 |
$11,353,738 |
| 22 |
$21,176,165 |
$7,795,511
$1,461,155 |
$11,919,499 |
| 23 |
$22,234,645 |
$8,187,149
$1,534,191 |
$12,513,305 |
| 24 |
$23,346,655 |
$8,598,593
$1,610,919 |
$13,137,143 |
| 25 |
$24,513,710 |
$9,030,403
$1,691,446 |
$13,791,861 |
| 26 |
$25,739,850 |
$9,484,075
$1,776,050 |
$14,479,725 |
| 27 |
$27,026,590 |
$9,960,169
$1,864,835 |
$15,201,586 |
| 28 |
$28,377,970 |
$10,460,179
$1,958,080 |
$15,959,711 |
| 29 |
$29,797,020 |
$10,985,228
$2,055,994 |
$16,755,798 |
| 30 |
$31,286,770 |
$11,536,435
$2,158,787 |
$17,591,548 |
|
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