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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 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 $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 prize 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: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$232,846$2,061,011
2$3,761,354$1,354,656$244,488$2,162,210
3$3,949,421$1,424,241$256,712$2,268,468
4$4,146,892$1,497,305$269,548$2,380,039
5$4,354,237$1,574,023$283,025$2,497,189
6$4,571,949$1,654,576$297,177$2,620,196
7$4,800,546$1,739,157$312,036$2,749,354
8$5,040,574$1,827,967$327,637$2,884,969
9$5,292,602$1,921,218$344,019$3,027,365
10$5,557,232$2,019,131$361,220$3,176,881
11$5,835,094$2,121,940$379,281$3,333,873
12$6,126,849$2,229,889$398,245$3,498,715
13$6,433,191$2,343,236$418,157$3,671,798
14$6,754,851$2,462,250$439,065$3,853,536
15$7,092,593$2,587,215$461,019$4,044,360
16$7,447,223$2,718,428$484,069$4,244,726
17$7,819,584$2,856,201$508,273$4,455,110
18$8,210,563$3,000,863$533,687$4,676,013
19$8,621,091$3,152,759$560,371$4,907,962
20$9,052,146$3,312,249$588,389$5,151,508
21$9,504,753$3,479,714$617,809$5,407,231
22$9,979,991$3,655,552$648,699$5,675,740
23$10,478,991$3,840,181$681,134$5,957,675
24$11,002,940$4,034,043$715,191$6,253,706
25$11,553,087$4,237,597$750,951$6,564,539
26$12,130,741$4,451,329$788,498$6,890,914
27$12,737,279$4,675,748$827,923$7,233,607
28$13,374,142$4,911,388$869,319$7,593,435
29$14,042,849$5,158,809$912,785$7,971,255
30$14,744,992$5,418,602$958,424$8,367,965
Total$238,000,000$86,948,651$15,469,997$135,581,350

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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.