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South Carolina Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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:Fri, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,282,450$222,099$2,077,693
2$3,761,354$1,348,721$233,204$2,179,429
3$3,949,421$1,418,306$244,864$2,286,251
4$4,146,892$1,491,370$257,107$2,398,415
5$4,354,237$1,568,088$269,963$2,516,186
6$4,571,949$1,648,641$283,461$2,639,847
7$4,800,546$1,733,222$297,634$2,769,690
8$5,040,574$1,822,033$312,516$2,906,026
9$5,292,602$1,915,283$328,141$3,049,178
10$5,557,232$2,013,196$344,548$3,199,488
11$5,835,094$2,116,005$361,776$3,357,313
12$6,126,849$2,223,954$379,865$3,523,030
13$6,433,191$2,337,301$398,858$3,697,032
14$6,754,851$2,456,315$418,801$3,879,735
15$7,092,593$2,581,280$439,741$4,071,573
16$7,447,223$2,712,493$461,728$4,273,002
17$7,819,584$2,850,266$484,814$4,484,503
18$8,210,563$2,994,929$509,055$4,706,580
19$8,621,091$3,146,824$534,508$4,939,760
20$9,052,146$3,306,314$561,233$5,184,599
21$9,504,753$3,473,779$589,295$5,441,680
22$9,979,991$3,649,617$618,759$5,711,615
23$10,478,991$3,834,247$649,697$5,995,046
24$11,002,940$4,028,108$682,182$6,292,650
25$11,553,087$4,231,662$716,291$6,605,133
26$12,130,741$4,445,395$752,106$6,933,241
27$12,737,279$4,669,813$789,711$7,277,754
28$13,374,142$4,905,453$829,197$7,639,493
29$14,042,849$5,152,875$870,657$8,019,318
30$14,744,992$5,412,667$914,190$8,418,135
Total$238,000,000$86,770,607$14,756,001$136,473,395

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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.