The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(6.9%) | $9,218,400 | | Net Lumpsum Payment | $74,989,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$325,056 |
$2,682,520 |
| 2 |
$4,946,652 |
$1,790,592
$341,319 |
$2,814,741 |
| 3 |
$5,193,922 |
$1,882,082
$358,381 |
$2,953,459 |
| 4 |
$5,453,712 |
$1,978,204
$376,306 |
$3,099,202 |
| 5 |
$5,726,335 |
$2,079,074
$395,117 |
$3,252,144 |
| 6 |
$6,012,730 |
$2,185,040
$414,878 |
$3,412,812 |
| 7 |
$6,313,210 |
$2,296,218
$435,611 |
$3,581,381 |
| 8 |
$6,629,027 |
$2,413,070
$457,403 |
$3,758,554 |
| 9 |
$6,960,494 |
$2,535,713
$480,274 |
$3,944,507 |
| 10 |
$7,308,550 |
$2,664,494
$504,290 |
$4,139,766 |
| 11 |
$7,673,821 |
$2,799,644
$529,494 |
$4,344,683 |
| 12 |
$8,057,559 |
$2,941,627
$555,972 |
$4,559,960 |
| 13 |
$8,460,390 |
$3,090,675
$583,767 |
$4,785,948 |
| 14 |
$8,883,566 |
$3,247,250
$612,966 |
$5,023,350 |
| 15 |
$9,327,713 |
$3,411,584
$643,612 |
$5,272,517 |
| 16 |
$9,794,083 |
$3,584,141
$675,792 |
$5,534,150 |
| 17 |
$10,283,615 |
$3,765,268
$709,569 |
$5,808,778 |
| 18 |
$10,797,874 |
$3,955,544
$745,053 |
$6,097,277 |
| 19 |
$11,337,799 |
$4,155,316
$782,308 |
$6,400,175 |
| 20 |
$11,904,642 |
$4,365,048
$821,420 |
$6,718,174 |
| 21 |
$12,499,968 |
$4,585,319
$862,498 |
$7,052,151 |
| 22 |
$13,125,029 |
$4,816,591
$905,627 |
$7,402,811 |
| 23 |
$13,781,077 |
$5,059,329
$950,894 |
$7,770,854 |
| 24 |
$14,470,303 |
$5,314,342
$998,451 |
$8,157,510 |
| 25 |
$15,193,646 |
$5,581,979
$1,048,362 |
$8,563,305 |
| 26 |
$15,953,610 |
$5,863,166
$1,100,799 |
$8,989,645 |
| 27 |
$16,751,134 |
$6,158,250
$1,155,828 |
$9,437,056 |
| 28 |
$17,588,722 |
$6,468,158
$1,213,622 |
$9,906,942 |
| 29 |
$18,468,252 |
$6,793,584
$1,274,309 |
$10,400,359 |
| 30 |
$19,391,602 |
$7,135,223
$1,338,021 |
$10,918,358 |
|
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