USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 2001

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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 $39,000,000 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 9, 2001
Jackpot:$39,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$587,006$174,999$36,394$375,612
2$616,356$185,272$38,214$392,870
3$647,174$196,475$40,125$410,575
4$679,533$208,447$42,131$428,954
5$713,509$221,019$44,238$448,253
6$749,185$234,219$46,449$468,517
7$786,644$248,079$48,772$489,794
8$825,976$262,632$51,211$512,134
9$867,275$277,912$53,771$535,592
10$910,639$293,957$56,460$560,223
11$956,171$310,803$59,283$586,085
12$1,003,979$328,493$62,247$613,240
13$1,054,178$347,066$65,359$641,753
14$1,106,887$366,569$68,627$671,692
15$1,162,232$387,046$72,058$703,127
16$1,220,343$408,547$75,661$736,135
17$1,281,360$431,124$79,444$770,792
18$1,345,428$454,829$83,417$807,183
19$1,412,700$479,719$87,587$845,393
20$1,483,335$505,854$91,967$885,514
21$1,557,502$533,296$96,565$927,641
22$1,635,377$562,110$101,393$971,874
23$1,717,146$592,364$106,463$1,018,318
24$1,803,003$624,131$111,786$1,067,085
25$1,893,153$657,487$117,375$1,118,291
26$1,987,811$692,510$123,244$1,172,056
27$2,087,201$729,285$129,406$1,228,510
28$2,191,561$767,898$135,877$1,287,786
29$2,301,139$808,442$142,671$1,350,027
30$2,416,196$851,013$149,804$1,415,379
Total$39,000,000$13,141,597$2,417,999$23,440,405

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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.