The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(6.9%) | $6,009,900 | | Net Lumpsum Payment | $48,902,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$201,473 |
$1,677,730 |
| 2 |
$3,065,976 |
$1,094,742
$211,552 |
$1,759,682 |
| 3 |
$3,219,236 |
$1,151,448
$222,127 |
$1,845,661 |
| 4 |
$3,380,256 |
$1,211,025
$233,238 |
$1,935,993 |
| 5 |
$3,549,230 |
$1,273,545
$244,897 |
$2,030,788 |
| 6 |
$3,726,740 |
$1,339,224
$257,145 |
$2,130,371 |
| 7 |
$3,912,980 |
$1,408,133
$269,996 |
$2,234,851 |
| 8 |
$4,108,726 |
$1,480,559
$283,502 |
$2,344,665 |
| 9 |
$4,314,172 |
$1,556,574
$297,678 |
$2,459,920 |
| 10 |
$4,529,900 |
$1,636,393
$312,563 |
$2,580,944 |
| 11 |
$4,756,298 |
$1,720,161
$328,185 |
$2,707,952 |
| 12 |
$4,994,142 |
$1,808,163
$344,596 |
$2,841,383 |
| 13 |
$5,243,820 |
$1,900,544
$361,824 |
$2,981,452 |
| 14 |
$5,506,108 |
$1,997,590
$379,921 |
$3,128,597 |
| 15 |
$5,781,394 |
$2,099,446
$398,916 |
$3,283,032 |
| 16 |
$6,070,454 |
$2,206,398
$418,861 |
$3,445,195 |
| 17 |
$6,373,870 |
$2,318,662
$439,797 |
$3,615,411 |
| 18 |
$6,692,612 |
$2,436,597
$461,790 |
$3,794,225 |
| 19 |
$7,027,262 |
$2,560,417
$484,881 |
$3,981,964 |
| 20 |
$7,378,596 |
$2,690,411
$509,123 |
$4,179,062 |
| 21 |
$7,747,584 |
$2,826,936
$534,583 |
$4,386,065 |
| 22 |
$8,135,002 |
$2,970,281
$561,315 |
$4,603,406 |
| 23 |
$8,541,626 |
$3,120,732
$589,372 |
$4,831,522 |
| 24 |
$8,968,814 |
$3,278,792
$618,848 |
$5,071,174 |
| 25 |
$9,417,148 |
$3,444,675
$649,783 |
$5,322,690 |
| 26 |
$9,888,180 |
$3,618,957
$682,284 |
$5,586,939 |
| 27 |
$10,382,492 |
$3,801,852
$716,392 |
$5,864,248 |
| 28 |
$10,901,636 |
$3,993,936
$752,213 |
$6,155,487 |
| 29 |
$11,446,776 |
$4,195,638
$789,828 |
$6,461,310 |
| 30 |
$12,019,076 |
$4,407,389
$829,316 |
$6,782,371 |
|
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