The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(6.9%) | $10,770,900 | | Net Lumpsum Payment | $87,611,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$359,328 |
$2,961,159 |
| 2 |
$5,468,184 |
$1,983,558
$377,305 |
$3,107,321 |
| 3 |
$5,741,524 |
$2,084,694
$396,165 |
$3,260,665 |
| 4 |
$6,028,704 |
$2,190,951
$415,981 |
$3,421,772 |
| 5 |
$6,330,070 |
$2,302,456
$436,775 |
$3,590,839 |
| 6 |
$6,646,660 |
$2,419,595
$458,620 |
$3,768,445 |
| 7 |
$6,978,820 |
$2,542,494
$481,539 |
$3,954,787 |
| 8 |
$7,327,934 |
$2,671,666
$505,627 |
$4,150,641 |
| 9 |
$7,694,348 |
$2,807,239
$530,910 |
$4,356,199 |
| 10 |
$8,079,100 |
$2,949,597
$557,458 |
$4,572,045 |
| 11 |
$8,482,882 |
$3,098,997
$585,319 |
$4,798,566 |
| 12 |
$8,907,078 |
$3,255,949
$614,588 |
$5,036,541 |
| 13 |
$9,352,380 |
$3,420,711
$645,314 |
$5,286,355 |
| 14 |
$9,820,172 |
$3,593,794
$677,592 |
$5,548,786 |
| 15 |
$10,311,146 |
$3,775,454
$711,469 |
$5,824,223 |
| 16 |
$10,826,686 |
$3,966,204
$747,041 |
$6,113,441 |
| 17 |
$11,367,830 |
$4,166,427
$784,380 |
$6,417,023 |
| 18 |
$11,936,308 |
$4,376,764
$823,605 |
$6,735,939 |
| 19 |
$12,533,158 |
$4,597,599
$864,788 |
$7,070,771 |
| 20 |
$13,159,764 |
$4,829,443
$908,024 |
$7,422,297 |
| 21 |
$13,817,856 |
$5,072,937
$953,432 |
$7,791,487 |
| 22 |
$14,508,818 |
$5,328,593
$1,001,108 |
$8,179,117 |
| 23 |
$15,234,034 |
$5,596,923
$1,051,148 |
$8,585,963 |
| 24 |
$15,995,926 |
$5,878,823
$1,103,719 |
$9,013,384 |
| 25 |
$16,795,532 |
$6,174,677
$1,158,892 |
$9,461,963 |
| 26 |
$17,635,620 |
$6,485,510
$1,216,858 |
$9,933,252 |
| 27 |
$18,517,228 |
$6,811,705
$1,277,689 |
$10,427,834 |
| 28 |
$19,443,124 |
$7,154,286
$1,341,576 |
$10,947,262 |
| 29 |
$20,415,384 |
$7,514,022
$1,408,661 |
$11,492,701 |
| 30 |
$21,436,084 |
$7,891,681
$1,479,090 |
$12,065,313 |
|
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