The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(6.9%) | $7,624,500 | | Net Lumpsum Payment | $62,030,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$271,053 |
$2,243,453 |
| 2 |
$4,124,844 |
$1,486,523
$284,614 |
$2,353,707 |
| 3 |
$4,331,034 |
$1,562,813
$298,841 |
$2,469,380 |
| 4 |
$4,547,664 |
$1,642,966
$313,789 |
$2,590,909 |
| 5 |
$4,774,995 |
$1,727,079
$329,475 |
$2,718,441 |
| 6 |
$5,013,810 |
$1,815,440
$345,953 |
$2,852,417 |
| 7 |
$5,264,370 |
$1,908,147
$363,242 |
$2,992,981 |
| 8 |
$5,527,719 |
$2,005,586
$381,413 |
$3,140,720 |
| 9 |
$5,804,118 |
$2,107,854
$400,484 |
$3,295,780 |
| 10 |
$6,094,350 |
$2,215,240
$420,510 |
$3,458,600 |
| 11 |
$6,398,937 |
$2,327,937
$441,527 |
$3,629,473 |
| 12 |
$6,718,923 |
$2,446,332
$463,606 |
$3,808,985 |
| 13 |
$7,054,830 |
$2,570,617
$486,783 |
$3,997,430 |
| 14 |
$7,407,702 |
$2,701,180
$511,131 |
$4,195,391 |
| 15 |
$7,778,061 |
$2,838,213
$536,686 |
$4,403,162 |
| 16 |
$8,166,951 |
$2,982,102
$563,520 |
$4,621,329 |
| 17 |
$8,575,155 |
$3,133,138
$591,686 |
$4,850,331 |
| 18 |
$9,003,978 |
$3,291,802
$621,274 |
$5,090,902 |
| 19 |
$9,454,203 |
$3,458,385
$652,340 |
$5,343,478 |
| 20 |
$9,926,874 |
$3,633,274
$684,954 |
$5,608,646 |
| 21 |
$10,423,296 |
$3,816,950
$719,207 |
$5,887,139 |
| 22 |
$10,944,513 |
$4,009,800
$755,171 |
$6,179,542 |
| 23 |
$11,491,569 |
$4,212,211
$792,918 |
$6,486,440 |
| 24 |
$12,066,291 |
$4,424,858
$832,574 |
$6,808,859 |
| 25 |
$12,669,462 |
$4,648,031
$874,193 |
$7,147,238 |
| 26 |
$13,303,170 |
$4,882,503
$917,919 |
$7,502,748 |
| 27 |
$13,968,198 |
$5,128,564
$963,806 |
$7,875,828 |
| 28 |
$14,666,634 |
$5,386,985
$1,011,998 |
$8,267,651 |
| 29 |
$15,400,044 |
$5,658,347
$1,062,603 |
$8,679,094 |
| 30 |
$16,169,994 |
$5,943,228
$1,115,730 |
$9,111,036 |
|
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