The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.9%) | $10,053,300 | | Net Lumpsum Payment | $81,777,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$335,442 |
$2,766,956 |
| 2 |
$5,104,692 |
$1,849,066
$352,224 |
$2,903,402 |
| 3 |
$5,359,862 |
$1,943,479
$369,830 |
$3,046,553 |
| 4 |
$5,627,952 |
$2,042,673
$388,329 |
$3,196,950 |
| 5 |
$5,909,285 |
$2,146,766
$407,741 |
$3,354,778 |
| 6 |
$6,204,830 |
$2,256,117
$428,133 |
$3,520,580 |
| 7 |
$6,514,910 |
$2,370,847
$449,529 |
$3,694,534 |
| 8 |
$6,840,817 |
$2,491,433
$472,016 |
$3,877,368 |
| 9 |
$7,182,874 |
$2,617,994
$495,618 |
$4,069,262 |
| 10 |
$7,542,050 |
$2,750,889
$520,401 |
$4,270,760 |
| 11 |
$7,918,991 |
$2,890,357
$546,410 |
$4,482,224 |
| 12 |
$8,314,989 |
$3,036,876
$573,734 |
$4,704,379 |
| 13 |
$8,730,690 |
$3,190,686
$602,418 |
$4,937,586 |
| 14 |
$9,167,386 |
$3,352,263
$632,550 |
$5,182,573 |
| 15 |
$9,625,723 |
$3,521,848
$664,175 |
$5,439,700 |
| 16 |
$10,106,993 |
$3,699,918
$697,383 |
$5,709,692 |
| 17 |
$10,612,165 |
$3,886,831
$732,239 |
$5,993,095 |
| 18 |
$11,142,854 |
$4,083,186
$768,857 |
$6,290,811 |
| 19 |
$11,700,029 |
$4,289,341
$807,302 |
$6,603,386 |
| 20 |
$12,284,982 |
$4,505,774
$847,664 |
$6,931,544 |
| 21 |
$12,899,328 |
$4,733,082
$890,054 |
$7,276,192 |
| 22 |
$13,544,359 |
$4,971,743
$934,561 |
$7,638,055 |
| 23 |
$14,221,367 |
$5,222,236
$981,274 |
$8,017,857 |
| 24 |
$14,932,613 |
$5,485,397
$1,030,350 |
$8,416,866 |
| 25 |
$15,679,066 |
$5,761,585
$1,081,856 |
$8,835,625 |
| 26 |
$16,463,310 |
$6,051,755
$1,135,968 |
$9,275,587 |
| 27 |
$17,286,314 |
$6,356,267
$1,192,756 |
$9,737,291 |
| 28 |
$18,150,662 |
$6,676,075
$1,252,396 |
$10,222,191 |
| 29 |
$19,058,292 |
$7,011,898
$1,315,022 |
$10,731,372 |
| 30 |
$20,011,142 |
$7,364,453
$1,380,769 |
$11,265,920 |
|
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