The jackpot for the MEGA Millions draw on Tue Feb 17, 2026, is projected to be $395 Million, with an option for a cash payout of $183.3 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 Tue Feb 17, 2026 |
|---|
| Draw Date | Tue Feb 17, 2026 | | Projected Jackpot | $395,000,000 | | Cash Value | $183,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,300,000 | | Federal Tax(24%) | $43,992,000 | | Additional Federal Tax | $23,789,330 | | State Tax(6.9%) | $12,647,700 | | Net Lumpsum Payment | $102,870,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$410,215 |
$3,374,896 |
| 2 |
$6,242,580 |
$2,270,085
$430,738 |
$3,541,757 |
| 3 |
$6,554,630 |
$2,385,543
$452,269 |
$3,716,818 |
| 4 |
$6,882,480 |
$2,506,848
$474,891 |
$3,900,741 |
| 5 |
$7,226,525 |
$2,634,145
$498,630 |
$4,093,750 |
| 6 |
$7,587,950 |
$2,767,872
$523,569 |
$4,296,509 |
| 7 |
$7,967,150 |
$2,908,176
$549,733 |
$4,509,241 |
| 8 |
$8,365,705 |
$3,055,641
$577,234 |
$4,732,830 |
| 9 |
$8,784,010 |
$3,210,414
$606,097 |
$4,967,499 |
| 10 |
$9,223,250 |
$3,372,933
$636,404 |
$5,213,913 |
| 11 |
$9,684,215 |
$3,543,490
$668,211 |
$5,472,514 |
| 12 |
$10,168,485 |
$3,722,670
$701,625 |
$5,744,190 |
| 13 |
$10,676,850 |
$3,910,765
$736,703 |
$6,029,382 |
| 14 |
$11,210,890 |
$4,108,360
$773,551 |
$6,328,979 |
| 15 |
$11,771,395 |
$4,315,747
$812,226 |
$6,643,422 |
| 16 |
$12,359,945 |
$4,533,510
$852,836 |
$6,973,599 |
| 17 |
$12,977,725 |
$4,762,089
$895,463 |
$7,320,173 |
| 18 |
$13,626,710 |
$5,002,213
$940,243 |
$7,684,254 |
| 19 |
$14,308,085 |
$5,254,322
$987,258 |
$8,066,505 |
| 20 |
$15,023,430 |
$5,518,999
$1,036,617 |
$8,467,814 |
| 21 |
$15,774,720 |
$5,796,977
$1,088,456 |
$8,889,287 |
| 22 |
$16,563,535 |
$6,088,838
$1,142,884 |
$9,331,813 |
| 23 |
$17,391,455 |
$6,395,169
$1,200,010 |
$9,796,276 |
| 24 |
$18,261,245 |
$6,716,991
$1,260,026 |
$10,284,228 |
| 25 |
$19,174,090 |
$7,054,744
$1,323,012 |
$10,796,334 |
| 26 |
$20,133,150 |
$7,409,596
$1,389,187 |
$11,334,367 |
| 27 |
$21,139,610 |
$7,781,986
$1,458,633 |
$11,898,991 |
| 28 |
$22,196,630 |
$8,173,083
$1,531,567 |
$12,491,980 |
| 29 |
$23,306,580 |
$8,583,765
$1,608,154 |
$13,114,661 |
| 30 |
$24,471,830 |
$9,014,907
$1,688,556 |
$13,768,367 |
|
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