The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(6.9%) | $16,849,800 | | Net Lumpsum Payment | $137,035,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$553,531 |
$4,540,114 |
| 2 |
$8,423,532 |
$3,077,037
$581,224 |
$4,765,271 |
| 3 |
$8,844,602 |
$3,232,833
$610,278 |
$5,001,491 |
| 4 |
$9,286,992 |
$3,396,517
$640,802 |
$5,249,673 |
| 5 |
$9,751,235 |
$3,568,287
$672,835 |
$5,510,113 |
| 6 |
$10,238,930 |
$3,748,734
$706,486 |
$5,783,710 |
| 7 |
$10,750,610 |
$3,938,056
$741,792 |
$6,070,762 |
| 8 |
$11,288,407 |
$4,137,041
$778,900 |
$6,372,466 |
| 9 |
$11,852,854 |
$4,345,886
$817,847 |
$6,689,121 |
| 10 |
$12,445,550 |
$4,565,184
$858,743 |
$7,021,623 |
| 11 |
$13,067,561 |
$4,795,328
$901,662 |
$7,370,571 |
| 12 |
$13,721,019 |
$5,037,107
$946,750 |
$7,737,162 |
| 13 |
$14,406,990 |
$5,290,917
$994,082 |
$8,121,991 |
| 14 |
$15,127,606 |
$5,557,545
$1,043,805 |
$8,526,256 |
| 15 |
$15,883,933 |
$5,837,386
$1,095,991 |
$8,950,556 |
| 16 |
$16,678,103 |
$6,131,228
$1,150,789 |
$9,396,086 |
| 17 |
$17,511,715 |
$6,439,665
$1,208,308 |
$9,863,742 |
| 18 |
$18,387,434 |
$6,763,681
$1,268,733 |
$10,355,020 |
| 19 |
$19,306,859 |
$7,103,868
$1,332,173 |
$10,870,818 |
| 20 |
$20,272,122 |
$7,461,016
$1,398,776 |
$11,412,330 |
| 21 |
$21,285,888 |
$7,836,109
$1,468,726 |
$11,981,053 |
| 22 |
$22,350,289 |
$8,229,937
$1,542,170 |
$12,578,182 |
| 23 |
$23,467,457 |
$8,643,289
$1,619,255 |
$13,204,913 |
| 24 |
$24,641,123 |
$9,077,546
$1,700,237 |
$13,863,340 |
| 25 |
$25,872,886 |
$9,533,298
$1,785,229 |
$14,554,359 |
| 26 |
$27,167,010 |
$10,012,124
$1,874,524 |
$15,280,362 |
| 27 |
$28,525,094 |
$10,514,615
$1,968,231 |
$16,042,248 |
| 28 |
$29,951,402 |
$11,042,349
$2,066,647 |
$16,842,406 |
| 29 |
$31,449,132 |
$11,596,509
$2,169,990 |
$17,682,633 |
| 30 |
$33,021,482 |
$12,178,279
$2,278,482 |
$18,564,721 |
|
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