The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(6.9%) | $15,939,000 | | Net Lumpsum Payment | $129,630,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$530,683 |
$4,354,355 |
| 2 |
$8,075,844 |
$2,948,393
$557,233 |
$4,570,218 |
| 3 |
$8,479,534 |
$3,097,758
$585,088 |
$4,796,688 |
| 4 |
$8,903,664 |
$3,254,686
$614,353 |
$5,034,625 |
| 5 |
$9,348,745 |
$3,419,366
$645,063 |
$5,284,316 |
| 6 |
$9,816,310 |
$3,592,365
$677,325 |
$5,546,620 |
| 7 |
$10,306,870 |
$3,773,872
$711,174 |
$5,821,824 |
| 8 |
$10,822,469 |
$3,964,644
$746,750 |
$6,111,075 |
| 9 |
$11,363,618 |
$4,164,869
$784,090 |
$6,414,659 |
| 10 |
$11,931,850 |
$4,375,115
$823,298 |
$6,733,437 |
| 11 |
$12,528,187 |
$4,595,760
$864,445 |
$7,067,982 |
| 12 |
$13,154,673 |
$4,827,559
$907,672 |
$7,419,442 |
| 13 |
$13,812,330 |
$5,070,892
$953,051 |
$7,788,387 |
| 14 |
$14,503,202 |
$5,326,515
$1,000,721 |
$8,175,966 |
| 15 |
$15,228,311 |
$5,594,805
$1,050,753 |
$8,582,753 |
| 16 |
$15,989,701 |
$5,876,520
$1,103,289 |
$9,009,892 |
| 17 |
$16,788,905 |
$6,172,225
$1,158,434 |
$9,458,246 |
| 18 |
$17,628,478 |
$6,482,867
$1,216,365 |
$9,929,246 |
| 19 |
$18,509,953 |
$6,809,013
$1,277,187 |
$10,423,753 |
| 20 |
$19,435,374 |
$7,151,419
$1,341,041 |
$10,942,914 |
| 21 |
$20,407,296 |
$7,511,030
$1,408,103 |
$11,488,163 |
| 22 |
$21,427,763 |
$7,888,603
$1,478,516 |
$12,060,644 |
| 23 |
$22,498,819 |
$8,284,893
$1,552,419 |
$12,661,507 |
| 24 |
$23,624,041 |
$8,701,226
$1,630,059 |
$13,292,756 |
| 25 |
$24,804,962 |
$9,138,166
$1,711,542 |
$13,955,254 |
| 26 |
$26,045,670 |
$9,597,228
$1,797,151 |
$14,651,291 |
| 27 |
$27,347,698 |
$10,078,979
$1,886,991 |
$15,381,728 |
| 28 |
$28,715,134 |
$10,584,930
$1,981,344 |
$16,148,860 |
| 29 |
$30,151,044 |
$11,116,217
$2,080,422 |
$16,954,405 |
| 30 |
$31,658,494 |
$11,673,973
$2,184,436 |
$17,800,085 |
|
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