The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 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 Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | 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 |
$4,455,096 |
$1,608,716
$307,402 |
$2,538,978 |
| 2 |
$4,677,984 |
$1,691,184
$322,781 |
$2,664,019 |
| 3 |
$4,911,824 |
$1,777,705
$338,916 |
$2,795,203 |
| 4 |
$5,157,504 |
$1,868,607
$355,868 |
$2,933,029 |
| 5 |
$5,415,320 |
$1,963,999
$373,657 |
$3,077,664 |
| 6 |
$5,686,160 |
$2,064,210
$392,345 |
$3,229,605 |
| 7 |
$5,970,320 |
$2,169,349
$411,952 |
$3,389,019 |
| 8 |
$6,268,984 |
$2,279,854
$432,560 |
$3,556,570 |
| 9 |
$6,582,448 |
$2,395,836
$454,189 |
$3,732,423 |
| 10 |
$6,911,600 |
$2,517,622
$476,900 |
$3,917,078 |
| 11 |
$7,257,032 |
$2,645,432
$500,735 |
$4,110,865 |
| 12 |
$7,619,928 |
$2,779,704
$525,775 |
$4,314,449 |
| 13 |
$8,000,880 |
$2,920,656
$552,061 |
$4,528,163 |
| 14 |
$8,401,072 |
$3,068,727
$579,674 |
$4,752,671 |
| 15 |
$8,821,096 |
$3,224,136
$608,656 |
$4,988,304 |
| 16 |
$9,262,136 |
$3,387,321
$639,087 |
$5,235,728 |
| 17 |
$9,725,080 |
$3,558,610
$671,031 |
$5,495,439 |
| 18 |
$10,211,408 |
$3,738,551
$704,587 |
$5,768,270 |
| 19 |
$10,722,008 |
$3,927,473
$739,819 |
$6,054,716 |
| 20 |
$11,258,064 |
$4,125,814
$776,806 |
$6,355,444 |
| 21 |
$11,821,056 |
$4,334,121
$815,653 |
$6,671,282 |
| 22 |
$12,412,168 |
$4,552,833
$856,440 |
$7,002,895 |
| 23 |
$13,032,584 |
$4,782,386
$899,248 |
$7,350,950 |
| 24 |
$13,684,376 |
$5,023,550
$944,222 |
$7,716,604 |
| 25 |
$14,368,432 |
$5,276,650
$991,422 |
$8,100,360 |
| 26 |
$15,087,120 |
$5,542,565
$1,041,011 |
$8,503,544 |
| 27 |
$15,841,328 |
$5,821,622
$1,093,052 |
$8,926,654 |
| 28 |
$16,633,424 |
$6,114,697
$1,147,706 |
$9,371,021 |
| 29 |
$17,465,184 |
$6,422,448
$1,205,098 |
$9,837,638 |
| 30 |
$18,338,384 |
$6,745,532
$1,265,348 |
$10,327,504 |
|
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