The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 Feb 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(6.9%) | $3,180,900 | | Net Lumpsum Payment | $25,901,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$105,929 |
$900,918 |
| 2 |
$1,612,008 |
$556,773
$111,229 |
$944,006 |
| 3 |
$1,692,588 |
$586,588
$116,789 |
$989,211 |
| 4 |
$1,777,248 |
$617,912
$122,630 |
$1,036,706 |
| 5 |
$1,866,090 |
$650,784
$128,760 |
$1,086,546 |
| 6 |
$1,959,420 |
$685,316
$135,200 |
$1,138,904 |
| 7 |
$2,057,340 |
$721,546
$141,956 |
$1,193,838 |
| 8 |
$2,160,258 |
$759,626
$149,058 |
$1,251,574 |
| 9 |
$2,268,276 |
$799,593
$156,511 |
$1,312,172 |
| 10 |
$2,381,700 |
$841,559
$164,337 |
$1,375,804 |
| 11 |
$2,500,734 |
$885,602
$172,551 |
$1,442,581 |
| 12 |
$2,625,786 |
$931,871
$181,179 |
$1,512,736 |
| 13 |
$2,757,060 |
$980,443
$190,237 |
$1,586,380 |
| 14 |
$2,894,964 |
$1,031,467
$199,753 |
$1,663,744 |
| 15 |
$3,039,702 |
$1,085,020
$209,739 |
$1,744,943 |
| 16 |
$3,191,682 |
$1,141,253
$220,226 |
$1,830,203 |
| 17 |
$3,351,210 |
$1,200,278
$231,233 |
$1,919,699 |
| 18 |
$3,518,796 |
$1,262,285
$242,797 |
$2,013,714 |
| 19 |
$3,694,746 |
$1,327,386
$254,937 |
$2,112,423 |
| 20 |
$3,879,468 |
$1,395,734
$267,683 |
$2,216,051 |
| 21 |
$4,073,472 |
$1,467,515
$281,070 |
$2,324,887 |
| 22 |
$4,277,166 |
$1,542,882
$295,124 |
$2,439,160 |
| 23 |
$4,490,958 |
$1,621,985
$309,876 |
$2,559,097 |
| 24 |
$4,715,562 |
$1,705,088
$325,374 |
$2,685,100 |
| 25 |
$4,951,284 |
$1,792,305
$341,639 |
$2,817,340 |
| 26 |
$5,198,940 |
$1,883,938
$358,727 |
$2,956,275 |
| 27 |
$5,458,836 |
$1,980,100
$376,660 |
$3,102,076 |
| 28 |
$5,731,788 |
$2,081,092
$395,493 |
$3,255,203 |
| 29 |
$6,018,408 |
$2,187,141
$415,270 |
$3,415,997 |
| 30 |
$6,319,308 |
$2,298,474
$436,032 |
$3,584,802 |
|
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