The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Fri Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(6.9%) | $6,244,500 | | Net Lumpsum Payment | $50,810,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$206,665 |
$1,719,948 |
| 2 |
$3,144,996 |
$1,123,979
$217,005 |
$1,804,012 |
| 3 |
$3,302,206 |
$1,182,147
$227,852 |
$1,892,207 |
| 4 |
$3,467,376 |
$1,243,260
$239,249 |
$1,984,867 |
| 5 |
$3,640,705 |
$1,307,391
$251,209 |
$2,082,105 |
| 6 |
$3,822,790 |
$1,374,763
$263,773 |
$2,184,254 |
| 7 |
$4,013,830 |
$1,445,447
$276,954 |
$2,291,429 |
| 8 |
$4,214,621 |
$1,519,740
$290,809 |
$2,404,072 |
| 9 |
$4,425,362 |
$1,597,714
$305,350 |
$2,522,298 |
| 10 |
$4,646,650 |
$1,679,591
$320,619 |
$2,646,440 |
| 11 |
$4,878,883 |
$1,765,517
$336,643 |
$2,776,723 |
| 12 |
$5,122,857 |
$1,855,787
$353,477 |
$2,913,593 |
| 13 |
$5,378,970 |
$1,950,549
$371,149 |
$3,057,272 |
| 14 |
$5,648,018 |
$2,050,097
$389,713 |
$3,208,208 |
| 15 |
$5,930,399 |
$2,154,578
$409,198 |
$3,366,623 |
| 16 |
$6,226,909 |
$2,264,287
$429,657 |
$3,532,965 |
| 17 |
$6,538,145 |
$2,379,444
$451,132 |
$3,707,569 |
| 18 |
$6,865,102 |
$2,500,418
$473,692 |
$3,890,992 |
| 19 |
$7,208,377 |
$2,627,430
$497,378 |
$4,083,569 |
| 20 |
$7,568,766 |
$2,760,774
$522,245 |
$4,285,747 |
| 21 |
$7,947,264 |
$2,900,818
$548,361 |
$4,498,085 |
| 22 |
$8,344,667 |
$3,047,857
$575,782 |
$4,721,028 |
| 23 |
$8,761,771 |
$3,202,186
$604,562 |
$4,955,023 |
| 24 |
$9,199,969 |
$3,364,319
$634,798 |
$5,200,852 |
| 25 |
$9,659,858 |
$3,534,478
$666,530 |
$5,458,850 |
| 26 |
$10,143,030 |
$3,713,251
$699,869 |
$5,729,910 |
| 27 |
$10,650,082 |
$3,900,861
$734,856 |
$6,014,365 |
| 28 |
$11,182,606 |
$4,097,895
$771,600 |
$6,313,111 |
| 29 |
$11,741,796 |
$4,304,795
$810,184 |
$6,626,817 |
| 30 |
$12,328,846 |
$4,522,003
$850,690 |
$6,956,153 |
|
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