The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(6.9%) | $4,367,700 | | Net Lumpsum Payment | $35,550,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$151,624 |
$1,272,437 |
| 2 |
$2,307,384 |
$814,062
$159,209 |
$1,334,113 |
| 3 |
$2,422,724 |
$856,738
$167,168 |
$1,398,818 |
| 4 |
$2,543,904 |
$901,575
$175,529 |
$1,466,800 |
| 5 |
$2,671,070 |
$948,626
$184,304 |
$1,538,140 |
| 6 |
$2,804,660 |
$998,055
$193,522 |
$1,613,083 |
| 7 |
$2,944,820 |
$1,049,914
$203,193 |
$1,691,713 |
| 8 |
$3,092,134 |
$1,104,420
$213,357 |
$1,774,357 |
| 9 |
$3,246,748 |
$1,161,627
$224,026 |
$1,861,095 |
| 10 |
$3,409,100 |
$1,221,697
$235,228 |
$1,952,175 |
| 11 |
$3,579,482 |
$1,284,739
$246,984 |
$2,047,759 |
| 12 |
$3,758,478 |
$1,350,967
$259,335 |
$2,148,176 |
| 13 |
$3,946,380 |
$1,420,491
$272,300 |
$2,253,589 |
| 14 |
$4,143,772 |
$1,493,526
$285,920 |
$2,364,326 |
| 15 |
$4,350,946 |
$1,570,180
$300,215 |
$2,480,551 |
| 16 |
$4,568,486 |
$1,650,670
$315,226 |
$2,602,590 |
| 17 |
$4,796,830 |
$1,735,157
$330,981 |
$2,730,692 |
| 18 |
$5,036,708 |
$1,823,912
$347,533 |
$2,865,263 |
| 19 |
$5,288,558 |
$1,917,097
$364,911 |
$3,006,550 |
| 20 |
$5,552,964 |
$2,014,927
$383,155 |
$3,154,882 |
| 21 |
$5,830,656 |
$2,117,673
$402,315 |
$3,310,668 |
| 22 |
$6,122,218 |
$2,225,551
$422,433 |
$3,474,234 |
| 23 |
$6,428,234 |
$2,338,777
$443,548 |
$3,645,909 |
| 24 |
$6,749,726 |
$2,457,729
$465,731 |
$3,826,266 |
| 25 |
$7,087,132 |
$2,582,569
$489,012 |
$4,015,551 |
| 26 |
$7,441,620 |
$2,713,730
$513,472 |
$4,214,418 |
| 27 |
$7,813,628 |
$2,851,373
$539,140 |
$4,423,115 |
| 28 |
$8,204,324 |
$2,995,930
$566,098 |
$4,642,296 |
| 29 |
$8,614,584 |
$3,147,726
$594,406 |
$4,872,452 |
| 30 |
$9,045,284 |
$3,307,085
$624,125 |
$5,114,074 |
|
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