The jackpot for the MEGA Millions draw on Tue Jun 16, 2026, is projected to be $430 Million, with an option for a cash payout of $191.2 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 Jun 16, 2026 |
|---|
| Draw Date | Tue Jun 16, 2026 | | Projected Jackpot | $430,000,000 | | Cash Value | $191,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $191,200,000 | | Federal Tax(24%) | $45,888,000 | | Additional Federal Tax | $24,816,330 | | State Tax(6.9%) | $13,192,800 | | Net Lumpsum Payment | $107,302,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,471,930 |
$2,354,944
$446,563 |
$3,670,423 |
| 2 |
$6,795,720 |
$2,474,747
$468,905 |
$3,852,068 |
| 3 |
$7,135,420 |
$2,600,436
$492,344 |
$4,042,640 |
| 4 |
$7,492,320 |
$2,732,489
$516,970 |
$4,242,861 |
| 5 |
$7,866,850 |
$2,871,065
$542,813 |
$4,452,972 |
| 6 |
$8,260,300 |
$3,016,641
$569,961 |
$4,673,698 |
| 7 |
$8,673,100 |
$3,169,377
$598,444 |
$4,905,279 |
| 8 |
$9,106,970 |
$3,329,909
$628,381 |
$5,148,680 |
| 9 |
$9,562,340 |
$3,498,396
$659,801 |
$5,404,143 |
| 10 |
$10,040,500 |
$3,675,315
$692,795 |
$5,672,390 |
| 11 |
$10,542,310 |
$3,860,985
$727,419 |
$5,953,906 |
| 12 |
$11,069,490 |
$4,056,042
$763,795 |
$6,249,653 |
| 13 |
$11,622,900 |
$4,260,803
$801,980 |
$6,560,117 |
| 14 |
$12,204,260 |
$4,475,907
$842,094 |
$6,886,259 |
| 15 |
$12,814,430 |
$4,701,669
$884,196 |
$7,228,565 |
| 16 |
$13,455,130 |
$4,938,728
$928,404 |
$7,587,998 |
| 17 |
$14,127,650 |
$5,187,561
$974,808 |
$7,965,281 |
| 18 |
$14,834,140 |
$5,448,962
$1,023,556 |
$8,361,622 |
| 19 |
$15,575,890 |
$5,723,410
$1,074,736 |
$8,777,744 |
| 20 |
$16,354,620 |
$6,011,540
$1,128,469 |
$9,214,611 |
| 21 |
$17,172,480 |
$6,314,148
$1,184,901 |
$9,673,431 |
| 22 |
$18,031,190 |
$6,631,871
$1,244,152 |
$10,155,167 |
| 23 |
$18,932,470 |
$6,965,344
$1,306,340 |
$10,660,786 |
| 24 |
$19,879,330 |
$7,315,682
$1,371,674 |
$11,191,974 |
| 25 |
$20,873,060 |
$7,683,363
$1,440,241 |
$11,749,456 |
| 26 |
$21,917,100 |
$8,069,657
$1,512,280 |
$12,335,163 |
| 27 |
$23,012,740 |
$8,475,044
$1,587,879 |
$12,949,817 |
| 28 |
$24,163,420 |
$8,900,796
$1,667,276 |
$13,595,348 |
| 29 |
$25,371,720 |
$9,347,867
$1,750,649 |
$14,273,204 |
| 30 |
$26,640,220 |
$9,817,212
$1,838,175 |
$14,984,833 |
|
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