The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Wed Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(6.9%) | $10,212,000 | | Net Lumpsum Payment | $83,067,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$339,596 |
$2,800,730 |
| 2 |
$5,167,908 |
$1,872,456
$356,586 |
$2,938,866 |
| 3 |
$5,426,238 |
$1,968,038
$374,410 |
$3,083,790 |
| 4 |
$5,697,648 |
$2,068,460
$393,138 |
$3,236,050 |
| 5 |
$5,982,465 |
$2,173,842
$412,790 |
$3,395,833 |
| 6 |
$6,281,670 |
$2,284,548
$433,435 |
$3,563,687 |
| 7 |
$6,595,590 |
$2,400,699
$455,096 |
$3,739,795 |
| 8 |
$6,925,533 |
$2,522,778
$477,862 |
$3,924,893 |
| 9 |
$7,271,826 |
$2,650,906
$501,756 |
$4,119,164 |
| 10 |
$7,635,450 |
$2,785,447
$526,846 |
$4,323,157 |
| 11 |
$8,017,059 |
$2,926,642
$553,177 |
$4,537,240 |
| 12 |
$8,417,961 |
$3,074,976
$580,839 |
$4,762,146 |
| 13 |
$8,838,810 |
$3,230,690
$609,878 |
$4,998,242 |
| 14 |
$9,280,914 |
$3,394,269
$640,383 |
$5,246,262 |
| 15 |
$9,744,927 |
$3,565,953
$672,400 |
$5,506,574 |
| 16 |
$10,232,157 |
$3,746,228
$706,019 |
$5,779,910 |
| 17 |
$10,743,585 |
$3,935,457
$741,307 |
$6,066,821 |
| 18 |
$11,280,846 |
$4,134,243
$778,378 |
$6,368,225 |
| 19 |
$11,844,921 |
$4,342,951
$817,300 |
$6,684,670 |
| 20 |
$12,437,118 |
$4,562,064
$858,161 |
$7,016,893 |
| 21 |
$13,059,072 |
$4,792,187
$901,076 |
$7,365,809 |
| 22 |
$13,712,091 |
$5,033,804
$946,134 |
$7,732,153 |
| 23 |
$14,397,483 |
$5,287,399
$993,426 |
$8,116,658 |
| 24 |
$15,117,537 |
$5,553,819
$1,043,110 |
$8,520,608 |
| 25 |
$15,873,234 |
$5,833,427
$1,095,253 |
$8,944,554 |
| 26 |
$16,667,190 |
$6,127,191
$1,150,036 |
$9,389,963 |
| 27 |
$17,500,386 |
$6,435,473
$1,207,527 |
$9,857,386 |
| 28 |
$18,375,438 |
$6,759,242
$1,267,905 |
$10,348,291 |
| 29 |
$19,294,308 |
$7,099,224
$1,331,307 |
$10,863,777 |
| 30 |
$20,258,958 |
$7,456,145
$1,397,868 |
$11,404,945 |
|
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