USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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

The tax information provided here is based on 2022 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 $105,000,000 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 prize money, as well as deductions claimed.

State:

South Carolina

Drawing Date:Tue, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$547,703$102,726$929,971
2$1,659,421$576,941$107,862$974,618
3$1,742,392$607,640$113,255$1,021,496
4$1,829,511$639,874$118,918$1,070,719
5$1,920,987$673,720$124,864$1,122,403
6$2,017,036$709,258$131,107$1,176,670
7$2,117,888$746,574$137,663$1,233,652
8$2,223,783$785,755$144,546$1,293,482
9$2,334,972$826,895$151,773$1,356,304
10$2,451,720$870,091$159,362$1,422,267
11$2,574,306$915,448$167,330$1,491,528
12$2,703,022$963,073$175,696$1,564,252
13$2,838,173$1,013,079$184,481$1,640,613
14$2,980,081$1,065,585$193,705$1,720,791
15$3,129,085$1,120,717$203,391$1,804,978
16$3,285,540$1,178,605$213,560$1,893,375
17$3,449,816$1,239,387$224,238$1,986,191
18$3,622,307$1,303,209$235,450$2,083,649
19$3,803,423$1,370,221$247,222$2,185,979
20$3,993,594$1,440,585$259,584$2,293,426
21$4,193,273$1,514,466$272,563$2,406,245
22$4,402,937$1,592,042$286,191$2,524,705
23$4,623,084$1,673,496$300,500$2,649,087
24$4,854,238$1,759,023$315,525$2,779,690
25$5,096,950$1,848,827$331,302$2,916,822
26$5,351,798$1,943,120$347,867$3,060,811
27$5,619,388$2,042,128$365,260$3,211,999
28$5,900,357$2,146,087$383,523$3,370,747
29$6,195,375$2,255,244$402,699$3,537,432
30$6,505,144$2,369,858$422,834$3,712,451
Total$105,000,000$37,738,651$6,824,997$60,436,353

◄ 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.