The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(6.9%) | $22,314,600 | | Net Lumpsum Payment | $181,467,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$771,620 |
$6,313,272 |
| 2 |
$11,742,372 |
$4,305,008
$810,224 |
$6,627,140 |
| 3 |
$12,329,342 |
$4,522,187
$850,725 |
$6,956,430 |
| 4 |
$12,946,032 |
$4,750,362
$893,276 |
$7,302,394 |
| 5 |
$13,593,185 |
$4,989,809
$937,930 |
$7,665,446 |
| 6 |
$14,273,030 |
$5,241,351
$984,839 |
$8,046,840 |
| 7 |
$14,986,310 |
$5,505,265
$1,034,055 |
$8,446,990 |
| 8 |
$15,735,997 |
$5,782,649
$1,085,784 |
$8,867,564 |
| 9 |
$16,522,834 |
$6,073,779
$1,140,076 |
$9,308,979 |
| 10 |
$17,349,050 |
$6,379,479
$1,197,084 |
$9,772,487 |
| 11 |
$18,216,131 |
$6,700,299
$1,256,913 |
$10,258,919 |
| 12 |
$19,127,049 |
$7,037,339
$1,319,766 |
$10,769,944 |
| 13 |
$20,083,290 |
$7,391,148
$1,385,747 |
$11,306,395 |
| 14 |
$21,087,826 |
$7,762,826
$1,455,060 |
$11,869,940 |
| 15 |
$22,142,143 |
$8,152,923
$1,527,808 |
$12,461,412 |
| 16 |
$23,249,213 |
$8,562,539
$1,604,196 |
$13,082,478 |
| 17 |
$24,411,265 |
$8,992,498
$1,684,377 |
$13,734,390 |
| 18 |
$25,632,014 |
$9,444,176
$1,768,609 |
$14,419,229 |
| 19 |
$26,913,689 |
$9,918,395
$1,857,045 |
$15,138,249 |
| 20 |
$28,259,262 |
$10,416,257
$1,949,889 |
$15,893,116 |
| 21 |
$29,672,448 |
$10,939,136
$2,047,399 |
$16,685,913 |
| 22 |
$31,156,219 |
$11,488,131
$2,149,779 |
$17,518,309 |
| 23 |
$32,713,547 |
$12,064,343
$2,257,235 |
$18,391,969 |
| 24 |
$34,349,633 |
$12,669,695
$2,370,125 |
$19,309,813 |
| 25 |
$36,066,706 |
$13,305,012
$2,488,603 |
$20,273,091 |
| 26 |
$37,870,710 |
$13,972,493
$2,613,079 |
$21,285,138 |
| 27 |
$39,763,874 |
$14,672,964
$2,743,707 |
$22,347,203 |
| 28 |
$41,752,142 |
$15,408,623
$2,880,898 |
$23,462,621 |
| 29 |
$43,839,972 |
$16,181,120
$3,024,958 |
$24,633,894 |
| 30 |
$46,031,822 |
$16,992,105
$3,176,196 |
$25,863,521 |
|
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