The jackpot for the Powerball draw on Sat Apr 4, 2026, is projected to be $217 Million, with an option for a cash payout of $97.4 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 Sat Apr 4, 2026 |
|---|
| Draw Date | Sat Apr 4, 2026 | | Projected Jackpot | $217,000,000 | | Cash Value | $97,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,400,000 | | Federal Tax(24%) | $23,376,000 | | Additional Federal Tax | $12,622,330 | | State Tax(6.9%) | $6,720,600 | | Net Lumpsum Payment | $54,681,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,266,067 |
$1,168,775
$225,359 |
$1,871,933 |
| 2 |
$3,429,468 |
$1,229,234
$236,633 |
$1,963,601 |
| 3 |
$3,600,898 |
$1,292,663
$248,462 |
$2,059,773 |
| 4 |
$3,781,008 |
$1,359,303
$260,890 |
$2,160,815 |
| 5 |
$3,970,015 |
$1,429,236
$273,931 |
$2,266,848 |
| 6 |
$4,168,570 |
$1,502,701
$287,631 |
$2,378,238 |
| 7 |
$4,376,890 |
$1,579,780
$302,005 |
$2,495,105 |
| 8 |
$4,595,843 |
$1,660,792
$317,113 |
$2,617,938 |
| 9 |
$4,825,646 |
$1,745,819
$332,970 |
$2,746,857 |
| 10 |
$5,066,950 |
$1,835,102
$349,620 |
$2,882,228 |
| 11 |
$5,320,189 |
$1,928,800
$367,093 |
$3,024,296 |
| 12 |
$5,586,231 |
$2,027,236
$385,450 |
$3,173,545 |
| 13 |
$5,865,510 |
$2,130,569
$404,720 |
$3,330,221 |
| 14 |
$6,158,894 |
$2,239,121
$424,964 |
$3,494,809 |
| 15 |
$6,466,817 |
$2,353,053
$446,210 |
$3,667,554 |
| 16 |
$6,790,147 |
$2,472,685
$468,520 |
$3,848,942 |
| 17 |
$7,129,535 |
$2,598,258
$491,938 |
$4,039,339 |
| 18 |
$7,486,066 |
$2,730,175
$516,539 |
$4,239,352 |
| 19 |
$7,860,391 |
$2,868,675
$542,367 |
$4,449,349 |
| 20 |
$8,253,378 |
$3,014,080
$569,483 |
$4,669,815 |
| 21 |
$8,666,112 |
$3,166,792
$597,962 |
$4,901,358 |
| 22 |
$9,099,461 |
$3,327,131
$627,863 |
$5,144,467 |
| 23 |
$9,554,293 |
$3,495,419
$659,246 |
$5,399,628 |
| 24 |
$10,032,127 |
$3,672,217
$692,217 |
$5,667,693 |
| 25 |
$10,533,614 |
$3,857,768
$726,819 |
$5,949,027 |
| 26 |
$11,060,490 |
$4,052,712
$763,174 |
$6,244,604 |
| 27 |
$11,613,406 |
$4,257,291
$801,325 |
$6,554,790 |
| 28 |
$12,194,098 |
$4,472,147
$841,393 |
$6,880,558 |
| 29 |
$12,803,868 |
$4,697,762
$883,467 |
$7,222,639 |
| 30 |
$13,444,018 |
$4,934,617
$927,637 |
$7,581,764 |
|
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