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South Carolina Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 2022

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The tax information provided here is based on 2024 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 $169,000,000 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, Sep 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 6.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$162,796$1,481,542
2$2,670,877$946,412$170,936$1,553,529
3$2,804,421$995,824$179,483$1,629,115
4$2,944,642$1,047,705$188,457$1,708,480
5$3,091,874$1,102,181$197,880$1,791,813
6$3,246,468$1,159,381$207,774$1,879,313
7$3,408,791$1,219,441$218,163$1,971,188
8$3,579,231$1,282,503$229,071$2,067,657
9$3,758,192$1,348,719$240,524$2,168,949
10$3,946,102$1,418,245$252,551$2,275,306
11$4,143,407$1,491,248$265,178$2,386,981
12$4,350,577$1,567,901$278,437$2,504,239
13$4,568,106$1,648,387$292,359$2,627,360
14$4,796,512$1,732,897$306,977$2,756,638
15$5,036,337$1,821,633$322,326$2,892,379
16$5,288,154$1,914,805$338,442$3,034,908
17$5,552,562$2,012,636$355,364$3,184,562
18$5,830,190$2,115,358$373,132$3,341,700
19$6,121,699$2,223,217$391,789$3,506,694
20$6,427,784$2,336,468$411,378$3,679,938
21$6,749,174$2,455,382$431,947$3,861,844
22$7,086,632$2,580,242$453,544$4,052,846
23$7,440,964$2,711,344$476,222$4,253,398
24$7,813,012$2,849,002$500,033$4,463,977
25$8,203,663$2,993,543$525,034$4,685,085
26$8,613,846$3,145,311$551,286$4,917,249
27$9,044,538$3,304,667$578,850$5,161,021
28$9,496,765$3,471,991$607,793$5,416,981
29$9,971,603$3,647,681$638,183$5,685,740
30$10,470,183$3,832,156$670,092$5,967,936
Total$169,000,000$61,275,634$10,816,001$96,908,368

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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.