USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 26, 1999

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $40,000,000 for a ticket purchased in South Carolina, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

South Carolina

Drawing Date:Tue, Jan 26, 1999
Jackpot:$40,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$602,057$180,267$37,328$384,463
2$632,160$190,920$39,194$402,047
3$663,768$202,615$41,154$420,000
4$696,957$214,894$43,211$438,851
5$731,805$227,788$45,372$458,645
6$768,395$241,326$47,640$479,428
7$806,815$255,542$50,023$501,250
8$847,155$270,468$52,524$524,164
9$889,513$286,140$55,150$548,223
10$933,989$302,596$57,907$573,485
11$980,688$319,875$60,803$600,011
12$1,029,722$338,018$63,843$627,862
13$1,081,209$357,067$67,035$657,106
14$1,135,269$377,070$70,387$687,813
15$1,192,032$398,072$73,906$720,054
16$1,251,634$420,125$77,601$753,908
17$1,314,216$443,280$81,481$789,454
18$1,379,927$467,593$85,555$826,778
19$1,448,923$493,122$89,833$865,968
20$1,521,369$519,927$94,325$907,117
21$1,597,438$548,072$99,041$950,324
22$1,677,309$577,625$103,993$995,691
23$1,761,175$608,655$109,193$1,043,327
24$1,849,234$641,237$114,652$1,093,344
25$1,941,695$675,448$120,385$1,145,863
26$2,038,780$711,369$126,404$1,201,007
27$2,140,719$749,086$132,725$1,258,908
28$2,247,755$788,690$139,361$1,319,705
29$2,360,143$830,273$146,329$1,383,541
30$2,478,150$873,936$153,645$1,450,569
Total$40,000,000$13,511,096$2,480,000$24,008,906

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.