The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(6.9%) | $14,013,900 | | Net Lumpsum Payment | $113,978,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$454,871 |
$3,737,972 |
| 2 |
$6,922,152 |
$2,521,527
$477,628 |
$3,922,997 |
| 3 |
$7,268,172 |
$2,649,554
$501,504 |
$4,117,114 |
| 4 |
$7,631,712 |
$2,784,064
$526,588 |
$4,321,060 |
| 5 |
$8,013,210 |
$2,925,218
$552,911 |
$4,535,081 |
| 6 |
$8,413,980 |
$3,073,503
$580,565 |
$4,759,912 |
| 7 |
$8,834,460 |
$3,229,081
$609,578 |
$4,995,801 |
| 8 |
$9,276,402 |
$3,392,599
$640,072 |
$5,243,731 |
| 9 |
$9,740,244 |
$3,564,221
$672,077 |
$5,503,946 |
| 10 |
$10,227,300 |
$3,744,431
$705,684 |
$5,777,185 |
| 11 |
$10,738,446 |
$3,933,555
$740,953 |
$6,063,938 |
| 12 |
$11,275,434 |
$4,132,241
$778,005 |
$6,365,188 |
| 13 |
$11,839,140 |
$4,340,812
$816,901 |
$6,681,427 |
| 14 |
$12,431,316 |
$4,559,917
$857,761 |
$7,013,638 |
| 15 |
$13,052,838 |
$4,789,880
$900,646 |
$7,362,312 |
| 16 |
$13,705,458 |
$5,031,350
$945,677 |
$7,728,431 |
| 17 |
$14,390,490 |
$5,284,812
$992,944 |
$8,112,734 |
| 18 |
$15,110,124 |
$5,551,076
$1,042,599 |
$8,516,449 |
| 19 |
$15,865,674 |
$5,830,630
$1,094,732 |
$8,940,312 |
| 20 |
$16,658,892 |
$6,124,120
$1,149,464 |
$9,385,308 |
| 21 |
$17,491,968 |
$6,432,359
$1,206,946 |
$9,852,663 |
| 22 |
$18,366,654 |
$6,755,992
$1,267,299 |
$10,343,363 |
| 23 |
$19,284,702 |
$7,095,670
$1,330,644 |
$10,858,388 |
| 24 |
$20,249,178 |
$7,452,526
$1,397,193 |
$11,399,459 |
| 25 |
$21,261,396 |
$7,827,047
$1,467,036 |
$11,967,313 |
| 26 |
$22,324,860 |
$8,220,529
$1,540,415 |
$12,563,916 |
| 27 |
$23,440,884 |
$8,633,457
$1,617,421 |
$13,190,006 |
| 28 |
$24,612,972 |
$9,067,130
$1,698,295 |
$13,847,547 |
| 29 |
$25,843,752 |
$9,522,519
$1,783,219 |
$14,538,014 |
| 30 |
$27,135,852 |
$10,000,596
$1,872,374 |
$15,262,882 |
|
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