The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(6.9%) | $9,411,600 | | Net Lumpsum Payment | $76,560,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$322,979 |
$2,665,633 |
| 2 |
$4,915,044 |
$1,778,897
$339,138 |
$2,797,009 |
| 3 |
$5,160,734 |
$1,869,802
$356,091 |
$2,934,841 |
| 4 |
$5,418,864 |
$1,965,310
$373,902 |
$3,079,652 |
| 5 |
$5,689,745 |
$2,065,536
$392,592 |
$3,231,617 |
| 6 |
$5,974,310 |
$2,170,825
$412,227 |
$3,391,258 |
| 7 |
$6,272,870 |
$2,281,292
$432,828 |
$3,558,750 |
| 8 |
$6,586,669 |
$2,397,398
$454,480 |
$3,734,791 |
| 9 |
$6,916,018 |
$2,519,257
$477,205 |
$3,919,556 |
| 10 |
$7,261,850 |
$2,647,215
$501,068 |
$4,113,567 |
| 11 |
$7,624,787 |
$2,781,502
$526,110 |
$4,317,175 |
| 12 |
$8,006,073 |
$2,922,577
$552,419 |
$4,531,077 |
| 13 |
$8,406,330 |
$3,070,672
$580,037 |
$4,755,621 |
| 14 |
$8,826,802 |
$3,226,247
$609,049 |
$4,991,506 |
| 15 |
$9,268,111 |
$3,389,531
$639,500 |
$5,239,080 |
| 16 |
$9,731,501 |
$3,560,986
$671,474 |
$5,499,041 |
| 17 |
$10,217,905 |
$3,740,955
$705,035 |
$5,771,915 |
| 18 |
$10,728,878 |
$3,930,015
$740,293 |
$6,058,570 |
| 19 |
$11,265,353 |
$4,128,511
$777,309 |
$6,359,533 |
| 20 |
$11,828,574 |
$4,336,903
$816,172 |
$6,675,499 |
| 21 |
$12,420,096 |
$4,555,766
$856,987 |
$7,007,343 |
| 22 |
$13,041,163 |
$4,785,561
$899,840 |
$7,355,762 |
| 23 |
$13,693,019 |
$5,026,747
$944,818 |
$7,721,454 |
| 24 |
$14,377,841 |
$5,280,132
$992,071 |
$8,105,638 |
| 25 |
$15,096,562 |
$5,546,058
$1,041,663 |
$8,508,841 |
| 26 |
$15,851,670 |
$5,825,448
$1,093,765 |
$8,932,457 |
| 27 |
$16,644,098 |
$6,118,647
$1,148,443 |
$9,377,008 |
| 28 |
$17,476,334 |
$6,426,574
$1,205,867 |
$9,843,893 |
| 29 |
$18,350,244 |
$6,749,921
$1,266,167 |
$10,334,156 |
| 30 |
$19,267,694 |
$7,089,377
$1,329,471 |
$10,848,846 |
|
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