The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(6.9%) | $7,935,000 | | Net Lumpsum Payment | $64,554,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$267,938 |
$2,218,121 |
| 2 |
$4,077,432 |
$1,468,980
$281,343 |
$2,327,109 |
| 3 |
$4,281,252 |
$1,544,394
$295,406 |
$2,441,452 |
| 4 |
$4,495,392 |
$1,623,625
$310,182 |
$2,561,585 |
| 5 |
$4,720,110 |
$1,706,771
$325,688 |
$2,687,651 |
| 6 |
$4,956,180 |
$1,794,117
$341,976 |
$2,820,087 |
| 7 |
$5,203,860 |
$1,885,759
$359,066 |
$2,959,035 |
| 8 |
$5,464,182 |
$1,982,078
$377,029 |
$3,105,075 |
| 9 |
$5,737,404 |
$2,083,170
$395,881 |
$3,258,353 |
| 10 |
$6,024,300 |
$2,189,321
$415,677 |
$3,419,302 |
| 11 |
$6,325,386 |
$2,300,723
$436,452 |
$3,588,211 |
| 12 |
$6,641,694 |
$2,417,757
$458,277 |
$3,765,660 |
| 13 |
$6,973,740 |
$2,540,614
$481,188 |
$3,951,938 |
| 14 |
$7,322,556 |
$2,669,676
$505,256 |
$4,147,624 |
| 15 |
$7,688,658 |
$2,805,134
$530,517 |
$4,353,007 |
| 16 |
$8,073,078 |
$2,947,369
$557,042 |
$4,568,667 |
| 17 |
$8,476,590 |
$3,096,669
$584,885 |
$4,795,036 |
| 18 |
$8,900,484 |
$3,253,509
$614,133 |
$5,032,842 |
| 19 |
$9,345,534 |
$3,418,178
$644,842 |
$5,282,514 |
| 20 |
$9,812,772 |
$3,591,056
$677,081 |
$5,544,635 |
| 21 |
$10,303,488 |
$3,772,621
$710,941 |
$5,819,926 |
| 22 |
$10,818,714 |
$3,963,255
$746,491 |
$6,108,968 |
| 23 |
$11,359,482 |
$4,163,339
$783,804 |
$6,412,339 |
| 24 |
$11,927,598 |
$4,373,542
$823,004 |
$6,731,052 |
| 25 |
$12,523,836 |
$4,594,150
$864,145 |
$7,065,541 |
| 26 |
$13,150,260 |
$4,825,927
$907,368 |
$7,416,965 |
| 27 |
$13,807,644 |
$5,069,159
$952,727 |
$7,785,758 |
| 28 |
$14,498,052 |
$5,324,610
$1,000,366 |
$8,173,076 |
| 29 |
$15,223,032 |
$5,592,852
$1,050,389 |
$8,579,791 |
| 30 |
$15,984,132 |
$5,874,459
$1,102,905 |
$9,006,768 |
|
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