The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(6.9%) | $7,748,700 | | Net Lumpsum Payment | $63,039,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$260,668 |
$2,159,016 |
| 2 |
$3,966,804 |
$1,428,048
$273,709 |
$2,265,047 |
| 3 |
$4,165,094 |
$1,501,415
$287,391 |
$2,376,288 |
| 4 |
$4,373,424 |
$1,578,497
$301,766 |
$2,493,161 |
| 5 |
$4,592,045 |
$1,659,387
$316,851 |
$2,615,807 |
| 6 |
$4,821,710 |
$1,744,363
$332,698 |
$2,744,649 |
| 7 |
$5,062,670 |
$1,833,518
$349,324 |
$2,879,828 |
| 8 |
$5,315,929 |
$1,927,224
$366,799 |
$3,021,906 |
| 9 |
$5,581,738 |
$2,025,573
$385,140 |
$3,171,025 |
| 10 |
$5,860,850 |
$2,128,845
$404,399 |
$3,327,606 |
| 11 |
$6,153,767 |
$2,237,224
$424,610 |
$3,491,933 |
| 12 |
$6,461,493 |
$2,351,083
$445,843 |
$3,664,567 |
| 13 |
$6,784,530 |
$2,470,606
$468,133 |
$3,845,791 |
| 14 |
$7,123,882 |
$2,596,167
$491,548 |
$4,036,167 |
| 15 |
$7,480,051 |
$2,727,949
$516,124 |
$4,235,978 |
| 16 |
$7,854,041 |
$2,866,326
$541,929 |
$4,445,786 |
| 17 |
$8,246,605 |
$3,011,574
$569,016 |
$4,666,015 |
| 18 |
$8,658,998 |
$3,164,160
$597,471 |
$4,897,367 |
| 19 |
$9,091,973 |
$3,324,360
$627,346 |
$5,140,267 |
| 20 |
$9,546,534 |
$3,492,548
$658,711 |
$5,395,275 |
| 21 |
$10,023,936 |
$3,669,187
$691,652 |
$5,663,097 |
| 22 |
$10,525,183 |
$3,854,648
$726,238 |
$5,944,297 |
| 23 |
$11,051,279 |
$4,049,304
$762,538 |
$6,239,437 |
| 24 |
$11,603,981 |
$4,253,803
$800,675 |
$6,549,503 |
| 25 |
$12,184,042 |
$4,468,426
$840,699 |
$6,874,917 |
| 26 |
$12,793,470 |
$4,693,914
$882,749 |
$7,216,807 |
| 27 |
$13,433,018 |
$4,930,547
$926,878 |
$7,575,593 |
| 28 |
$14,104,694 |
$5,179,067
$973,224 |
$7,952,403 |
| 29 |
$14,810,004 |
$5,440,032
$1,021,890 |
$8,348,082 |
| 30 |
$15,550,454 |
$5,713,998
$1,072,981 |
$8,763,475 |
|
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