The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 Million, with an option for a cash payout of $128.6 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 Tue Jan 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(6.9%) | $8,873,400 | | Net Lumpsum Payment | $72,184,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$295,978 |
$2,446,099 |
| 2 |
$4,504,140 |
$1,626,862
$310,786 |
$2,566,492 |
| 3 |
$4,729,290 |
$1,710,168
$326,321 |
$2,692,801 |
| 4 |
$4,965,840 |
$1,797,691
$342,643 |
$2,825,506 |
| 5 |
$5,214,075 |
$1,889,538
$359,771 |
$2,964,766 |
| 6 |
$5,474,850 |
$1,986,025
$377,765 |
$3,111,060 |
| 7 |
$5,748,450 |
$2,087,257
$396,643 |
$3,264,550 |
| 8 |
$6,036,015 |
$2,193,656
$416,485 |
$3,425,874 |
| 9 |
$6,337,830 |
$2,305,327
$437,310 |
$3,595,193 |
| 10 |
$6,654,750 |
$2,422,588
$459,178 |
$3,772,984 |
| 11 |
$6,987,345 |
$2,545,648
$482,127 |
$3,959,570 |
| 12 |
$7,336,755 |
$2,674,930
$506,236 |
$4,155,589 |
| 13 |
$7,703,550 |
$2,810,644
$531,545 |
$4,361,361 |
| 14 |
$8,088,870 |
$2,953,212
$558,132 |
$4,577,526 |
| 15 |
$8,493,285 |
$3,102,846
$586,037 |
$4,804,402 |
| 16 |
$8,917,935 |
$3,259,966
$615,338 |
$5,042,631 |
| 17 |
$9,363,675 |
$3,424,890
$646,094 |
$5,292,691 |
| 18 |
$9,831,930 |
$3,598,144
$678,403 |
$5,555,383 |
| 19 |
$10,323,555 |
$3,780,046
$712,325 |
$5,831,184 |
| 20 |
$10,839,690 |
$3,971,016
$747,939 |
$6,120,735 |
| 21 |
$11,381,760 |
$4,171,582
$785,341 |
$6,424,837 |
| 22 |
$11,950,905 |
$4,382,165
$824,612 |
$6,744,128 |
| 23 |
$12,548,265 |
$4,603,188
$865,830 |
$7,079,247 |
| 24 |
$13,175,835 |
$4,835,389
$909,133 |
$7,431,313 |
| 25 |
$13,834,470 |
$5,079,084
$954,578 |
$7,800,808 |
| 26 |
$14,526,450 |
$5,335,117
$1,002,325 |
$8,189,008 |
| 27 |
$15,252,630 |
$5,603,803
$1,052,431 |
$8,596,396 |
| 28 |
$16,015,290 |
$5,885,988
$1,105,055 |
$9,024,247 |
| 29 |
$16,816,140 |
$6,182,302
$1,160,314 |
$9,473,524 |
| 30 |
$17,656,890 |
$6,493,380
$1,218,325 |
$9,945,185 |
|
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