The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 Jun 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(6.9%) | $12,599,400 | | Net Lumpsum Payment | $102,478,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$428,908 |
$3,526,881 |
| 2 |
$6,527,052 |
$2,375,340
$450,367 |
$3,701,345 |
| 3 |
$6,853,322 |
$2,496,060
$472,879 |
$3,884,383 |
| 4 |
$7,196,112 |
$2,622,892
$496,532 |
$4,076,688 |
| 5 |
$7,555,835 |
$2,755,989
$521,353 |
$4,278,493 |
| 6 |
$7,933,730 |
$2,895,810
$547,427 |
$4,490,493 |
| 7 |
$8,330,210 |
$3,042,508
$574,784 |
$4,712,918 |
| 8 |
$8,746,927 |
$3,196,693
$603,538 |
$4,946,696 |
| 9 |
$9,184,294 |
$3,358,519
$633,716 |
$5,192,059 |
| 10 |
$9,643,550 |
$3,528,444
$665,405 |
$5,449,701 |
| 11 |
$10,125,521 |
$3,706,773
$698,661 |
$5,720,087 |
| 12 |
$10,631,859 |
$3,894,118
$733,598 |
$6,004,143 |
| 13 |
$11,163,390 |
$4,090,785
$770,274 |
$6,302,331 |
| 14 |
$11,721,766 |
$4,297,384
$808,802 |
$6,615,580 |
| 15 |
$12,307,813 |
$4,514,221
$849,239 |
$6,944,353 |
| 16 |
$12,923,183 |
$4,741,908
$891,700 |
$7,289,575 |
| 17 |
$13,569,115 |
$4,980,903
$936,269 |
$7,651,943 |
| 18 |
$14,247,674 |
$5,231,970
$983,090 |
$8,032,614 |
| 19 |
$14,960,099 |
$5,495,567
$1,032,247 |
$8,432,285 |
| 20 |
$15,708,042 |
$5,772,306
$1,083,855 |
$8,851,881 |
| 21 |
$16,493,568 |
$6,062,951
$1,138,056 |
$9,292,561 |
| 22 |
$17,318,329 |
$6,368,112
$1,194,965 |
$9,755,252 |
| 23 |
$18,183,977 |
$6,688,402
$1,254,694 |
$10,240,881 |
| 24 |
$19,093,403 |
$7,024,889
$1,317,445 |
$10,751,069 |
| 25 |
$20,047,846 |
$7,378,033
$1,383,301 |
$11,286,512 |
| 26 |
$21,050,610 |
$7,749,056
$1,452,492 |
$11,849,062 |
| 27 |
$22,102,934 |
$8,138,416
$1,525,102 |
$12,439,416 |
| 28 |
$23,208,122 |
$8,547,336
$1,601,360 |
$13,059,426 |
| 29 |
$24,368,652 |
$8,976,732
$1,681,437 |
$13,710,483 |
| 30 |
$25,587,002 |
$9,427,521
$1,765,503 |
$14,393,978 |
|
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