The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Wed Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(6.9%) | $3,174,000 | | Net Lumpsum Payment | $25,845,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$104,890 |
$892,475 |
| 2 |
$1,596,204 |
$550,926
$110,138 |
$935,140 |
| 3 |
$1,675,994 |
$580,448
$115,644 |
$979,902 |
| 4 |
$1,759,824 |
$611,465
$121,428 |
$1,026,931 |
| 5 |
$1,847,795 |
$644,015
$127,498 |
$1,076,282 |
| 6 |
$1,940,210 |
$678,208
$133,874 |
$1,128,128 |
| 7 |
$2,037,170 |
$714,083
$140,565 |
$1,182,522 |
| 8 |
$2,139,079 |
$751,790
$147,596 |
$1,239,693 |
| 9 |
$2,246,038 |
$791,364
$154,977 |
$1,299,697 |
| 10 |
$2,358,350 |
$832,920
$162,726 |
$1,362,704 |
| 11 |
$2,476,217 |
$876,531
$170,859 |
$1,428,827 |
| 12 |
$2,600,043 |
$922,346
$179,403 |
$1,498,294 |
| 13 |
$2,730,030 |
$970,441
$188,372 |
$1,571,217 |
| 14 |
$2,866,582 |
$1,020,966
$197,794 |
$1,647,822 |
| 15 |
$3,009,901 |
$1,073,994
$207,683 |
$1,728,224 |
| 16 |
$3,160,391 |
$1,129,675
$218,067 |
$1,812,649 |
| 17 |
$3,318,355 |
$1,188,122
$228,966 |
$1,901,267 |
| 18 |
$3,484,298 |
$1,249,521
$240,417 |
$1,994,360 |
| 19 |
$3,658,523 |
$1,313,984
$252,438 |
$2,092,101 |
| 20 |
$3,841,434 |
$1,381,661
$265,059 |
$2,194,714 |
| 21 |
$4,033,536 |
$1,452,739
$278,314 |
$2,302,483 |
| 22 |
$4,235,233 |
$1,527,367
$292,231 |
$2,415,635 |
| 23 |
$4,446,929 |
$1,605,694
$306,838 |
$2,534,397 |
| 24 |
$4,669,331 |
$1,687,983
$322,184 |
$2,659,164 |
| 25 |
$4,902,742 |
$1,774,345
$338,289 |
$2,790,108 |
| 26 |
$5,147,970 |
$1,865,079
$355,210 |
$2,927,681 |
| 27 |
$5,405,318 |
$1,960,298
$372,967 |
$3,072,053 |
| 28 |
$5,675,594 |
$2,060,300
$391,616 |
$3,223,678 |
| 29 |
$5,959,404 |
$2,165,310
$411,199 |
$3,382,895 |
| 30 |
$6,257,354 |
$2,275,551
$431,757 |
$3,550,046 |
|
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