USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,434,311$13,183,123
2$24,290,759$8,944,601$1,506,027$13,840,131
3$25,505,296$9,393,980$1,581,328$14,529,988
4$26,780,562$9,865,828$1,660,395$15,254,339
5$28,119,589$10,361,268$1,743,414$16,014,906
6$29,525,569$10,881,481$1,830,585$16,813,503
7$31,001,848$11,427,704$1,922,115$17,652,029
8$32,551,940$12,001,238$2,018,220$18,532,482
9$34,179,537$12,603,449$2,119,131$19,456,957
10$35,888,513$13,235,770$2,225,088$20,427,655
11$37,682,939$13,899,708$2,336,342$21,446,889
12$39,567,086$14,596,842$2,453,159$22,517,085
13$41,545,440$15,328,833$2,575,817$23,640,790
14$43,622,713$16,097,424$2,704,608$24,820,681
15$45,803,848$16,904,444$2,839,839$26,059,565
16$48,094,041$17,751,815$2,981,831$27,360,395
17$50,498,742$18,641,555$3,130,922$28,726,265
18$53,023,680$19,575,782$3,287,468$30,160,430
19$55,674,863$20,556,720$3,451,842$31,666,302
20$58,458,607$21,586,705$3,624,434$33,247,468
21$61,381,537$22,668,189$3,805,655$34,907,693
22$64,450,614$23,803,747$3,995,938$36,650,928
23$67,673,145$24,996,084$4,195,735$38,481,326
24$71,056,801$26,248,037$4,405,522$40,403,243
25$74,609,641$27,562,587$4,625,798$42,421,256
26$78,340,125$28,942,866$4,857,088$44,540,171
27$82,257,131$30,392,159$5,099,942$46,765,030
28$86,369,986$31,913,915$5,354,939$49,101,132
29$90,688,486$33,511,760$5,622,686$51,554,040
30$95,222,911$35,189,497$5,903,820$54,129,593
Total$1,537,000,003$567,400,609$95,293,999$874,305,395

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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.