The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 Feb 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(6.9%) | $14,655,600 | | Net Lumpsum Payment | $119,196,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$475,642 |
$3,906,843 |
| 2 |
$7,238,232 |
$2,638,476
$499,438 |
$4,100,318 |
| 3 |
$7,600,052 |
$2,772,350
$524,404 |
$4,303,298 |
| 4 |
$7,980,192 |
$2,913,001
$550,633 |
$4,516,558 |
| 5 |
$8,379,110 |
$3,060,601
$578,159 |
$4,740,350 |
| 6 |
$8,798,180 |
$3,215,657
$607,074 |
$4,975,449 |
| 7 |
$9,237,860 |
$3,378,339
$637,412 |
$5,222,109 |
| 8 |
$9,699,982 |
$3,549,324
$669,299 |
$5,481,359 |
| 9 |
$10,185,004 |
$3,728,782
$702,765 |
$5,753,457 |
| 10 |
$10,694,300 |
$3,917,221
$737,907 |
$6,039,172 |
| 11 |
$11,228,786 |
$4,114,981
$774,786 |
$6,339,019 |
| 12 |
$11,790,294 |
$4,322,739
$813,530 |
$6,654,025 |
| 13 |
$12,379,740 |
$4,540,834
$854,202 |
$6,984,704 |
| 14 |
$12,998,956 |
$4,769,944
$896,928 |
$7,332,084 |
| 15 |
$13,648,858 |
$5,010,408
$941,771 |
$7,696,679 |
| 16 |
$14,331,278 |
$5,262,903
$988,858 |
$8,079,517 |
| 17 |
$15,047,590 |
$5,527,939
$1,038,284 |
$8,481,367 |
| 18 |
$15,800,084 |
$5,806,361
$1,090,206 |
$8,903,517 |
| 19 |
$16,590,134 |
$6,098,680
$1,144,719 |
$9,346,735 |
| 20 |
$17,419,572 |
$6,405,572
$1,201,950 |
$9,812,050 |
| 21 |
$18,290,688 |
$6,727,885
$1,262,057 |
$10,300,746 |
| 22 |
$19,205,314 |
$7,066,297
$1,325,167 |
$10,813,850 |
| 23 |
$20,165,282 |
$7,421,485
$1,391,404 |
$11,352,393 |
| 24 |
$21,173,798 |
$7,794,636
$1,460,992 |
$11,918,170 |
| 25 |
$22,232,236 |
$8,186,258
$1,534,024 |
$12,511,954 |
| 26 |
$23,344,260 |
$8,597,707
$1,610,754 |
$13,135,799 |
| 27 |
$24,511,244 |
$9,029,491
$1,691,276 |
$13,790,477 |
| 28 |
$25,736,852 |
$9,482,966
$1,775,843 |
$14,478,043 |
| 29 |
$27,023,832 |
$9,959,148
$1,864,644 |
$15,200,040 |
| 30 |
$28,374,932 |
$10,459,055
$1,957,870 |
$15,958,007 |
|
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