The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(6.9%) | $5,713,200 | | Net Lumpsum Payment | $46,490,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$200,434 |
$1,669,287 |
| 2 |
$3,050,172 |
$1,088,894
$210,462 |
$1,750,816 |
| 3 |
$3,202,642 |
$1,145,308
$220,982 |
$1,836,352 |
| 4 |
$3,362,832 |
$1,204,578
$232,035 |
$1,926,219 |
| 5 |
$3,530,935 |
$1,266,776
$243,635 |
$2,020,524 |
| 6 |
$3,707,530 |
$1,332,116
$255,820 |
$2,119,594 |
| 7 |
$3,892,810 |
$1,400,670
$268,604 |
$2,223,536 |
| 8 |
$4,087,547 |
$1,472,723
$282,041 |
$2,332,783 |
| 9 |
$4,291,934 |
$1,548,346
$296,143 |
$2,447,445 |
| 10 |
$4,506,550 |
$1,627,754
$310,952 |
$2,567,844 |
| 11 |
$4,731,781 |
$1,711,089
$326,493 |
$2,694,199 |
| 12 |
$4,968,399 |
$1,798,638
$342,820 |
$2,826,941 |
| 13 |
$5,216,790 |
$1,890,543
$359,959 |
$2,966,288 |
| 14 |
$5,477,726 |
$1,987,089
$377,963 |
$3,112,674 |
| 15 |
$5,751,593 |
$2,088,420
$396,860 |
$3,266,313 |
| 16 |
$6,039,163 |
$2,194,821
$416,702 |
$3,427,640 |
| 17 |
$6,341,015 |
$2,306,506
$437,530 |
$3,596,979 |
| 18 |
$6,658,114 |
$2,423,833
$459,410 |
$3,774,871 |
| 19 |
$6,991,039 |
$2,547,015
$482,382 |
$3,961,642 |
| 20 |
$7,340,562 |
$2,676,338
$506,499 |
$4,157,725 |
| 21 |
$7,707,648 |
$2,812,160
$531,828 |
$4,363,660 |
| 22 |
$8,093,069 |
$2,954,766
$558,422 |
$4,579,881 |
| 23 |
$8,497,597 |
$3,104,441
$586,334 |
$4,806,822 |
| 24 |
$8,922,583 |
$3,261,686
$615,658 |
$5,045,239 |
| 25 |
$9,368,606 |
$3,426,715
$646,434 |
$5,295,457 |
| 26 |
$9,837,210 |
$3,600,098
$678,767 |
$5,558,345 |
| 27 |
$10,328,974 |
$3,782,051
$712,699 |
$5,834,224 |
| 28 |
$10,845,442 |
$3,973,144
$748,335 |
$6,123,963 |
| 29 |
$11,387,772 |
$4,173,806
$785,756 |
$6,428,210 |
| 30 |
$11,957,122 |
$4,384,466
$825,041 |
$6,747,615 |
|
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