The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(6.9%) | $12,868,500 | | Net Lumpsum Payment | $104,666,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$460,064 |
$3,780,189 |
| 2 |
$7,001,172 |
$2,550,764
$483,081 |
$3,967,327 |
| 3 |
$7,351,142 |
$2,680,253
$507,229 |
$4,163,660 |
| 4 |
$7,718,832 |
$2,816,298
$532,599 |
$4,369,935 |
| 5 |
$8,104,685 |
$2,959,064
$559,223 |
$4,586,398 |
| 6 |
$8,510,030 |
$3,109,041
$587,192 |
$4,813,797 |
| 7 |
$8,935,310 |
$3,266,395
$616,536 |
$5,052,379 |
| 8 |
$9,382,297 |
$3,431,780
$647,378 |
$5,303,139 |
| 9 |
$9,851,434 |
$3,605,361
$679,749 |
$5,566,324 |
| 10 |
$10,344,050 |
$3,787,629
$713,739 |
$5,842,682 |
| 11 |
$10,861,031 |
$3,978,912
$749,411 |
$6,132,708 |
| 12 |
$11,404,149 |
$4,179,866
$786,886 |
$6,437,397 |
| 13 |
$11,974,290 |
$4,390,818
$826,226 |
$6,757,246 |
| 14 |
$12,573,226 |
$4,612,424
$867,553 |
$7,093,249 |
| 15 |
$13,201,843 |
$4,845,012
$910,927 |
$7,445,904 |
| 16 |
$13,861,913 |
$5,089,238
$956,472 |
$7,816,203 |
| 17 |
$14,554,765 |
$5,345,593
$1,004,279 |
$8,204,893 |
| 18 |
$15,282,614 |
$5,614,898
$1,054,500 |
$8,613,216 |
| 19 |
$16,046,789 |
$5,897,642
$1,107,228 |
$9,041,919 |
| 20 |
$16,849,062 |
$6,194,483
$1,162,585 |
$9,491,994 |
| 21 |
$17,691,648 |
$6,506,240
$1,220,724 |
$9,964,684 |
| 22 |
$18,576,319 |
$6,833,568
$1,281,766 |
$10,460,985 |
| 23 |
$19,504,847 |
$7,177,124
$1,345,834 |
$10,981,889 |
| 24 |
$20,480,333 |
$7,538,054
$1,413,143 |
$11,529,136 |
| 25 |
$21,504,106 |
$7,916,850
$1,483,783 |
$12,103,473 |
| 26 |
$22,579,710 |
$8,314,823
$1,558,000 |
$12,706,887 |
| 27 |
$23,708,474 |
$8,732,466
$1,635,885 |
$13,340,123 |
| 28 |
$24,893,942 |
$9,171,089
$1,717,682 |
$14,005,171 |
| 29 |
$26,138,772 |
$9,631,676
$1,803,575 |
$14,703,521 |
| 30 |
$27,445,622 |
$10,115,211
$1,893,748 |
$15,436,663 |
|
|
