The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(6.9%) | $11,288,400 | | Net Lumpsum Payment | $91,819,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$382,175 |
$3,146,918 |
| 2 |
$5,815,872 |
$2,112,203
$401,295 |
$3,302,374 |
| 3 |
$6,106,592 |
$2,219,769
$421,355 |
$3,465,468 |
| 4 |
$6,412,032 |
$2,332,782
$442,430 |
$3,636,820 |
| 5 |
$6,732,560 |
$2,451,378
$464,547 |
$3,816,635 |
| 6 |
$7,069,280 |
$2,575,964
$487,780 |
$4,005,536 |
| 7 |
$7,422,560 |
$2,706,678
$512,157 |
$4,203,725 |
| 8 |
$7,793,872 |
$2,844,063
$537,777 |
$4,412,032 |
| 9 |
$8,183,584 |
$2,988,256
$564,667 |
$4,630,661 |
| 10 |
$8,592,800 |
$3,139,666
$592,903 |
$4,860,231 |
| 11 |
$9,022,256 |
$3,298,565
$622,536 |
$5,101,155 |
| 12 |
$9,473,424 |
$3,465,497
$653,666 |
$5,354,261 |
| 13 |
$9,947,040 |
$3,640,735
$686,346 |
$5,619,959 |
| 14 |
$10,444,576 |
$3,824,824
$720,676 |
$5,899,076 |
| 15 |
$10,966,768 |
$4,018,035
$756,707 |
$6,192,026 |
| 16 |
$11,515,088 |
$4,220,913
$794,541 |
$6,499,634 |
| 17 |
$12,090,640 |
$4,433,867
$834,254 |
$6,822,519 |
| 18 |
$12,695,264 |
$4,657,578
$875,973 |
$7,161,713 |
| 19 |
$13,330,064 |
$4,892,454
$919,774 |
$7,517,836 |
| 20 |
$13,996,512 |
$5,139,040
$965,759 |
$7,891,713 |
| 21 |
$14,696,448 |
$5,398,016
$1,014,055 |
$8,284,377 |
| 22 |
$15,431,344 |
$5,669,928
$1,064,763 |
$8,696,653 |
| 23 |
$16,202,672 |
$5,955,319
$1,117,984 |
$9,129,369 |
| 24 |
$17,013,008 |
$6,255,143
$1,173,898 |
$9,583,967 |
| 25 |
$17,863,456 |
$6,569,809
$1,232,578 |
$10,061,069 |
| 26 |
$18,756,960 |
$6,900,406
$1,294,230 |
$10,562,324 |
| 27 |
$19,694,624 |
$7,247,341
$1,358,929 |
$11,088,354 |
| 28 |
$20,679,392 |
$7,611,705
$1,426,878 |
$11,640,809 |
| 29 |
$21,713,472 |
$7,994,315
$1,498,230 |
$12,220,927 |
| 30 |
$22,799,072 |
$8,395,987
$1,573,136 |
$12,829,949 |
|
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