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South Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,082,954$1,026,508$9,447,116
2$17,384,408$6,389,251$1,077,833$9,917,323
3$18,253,628$6,710,862$1,131,725$10,411,040
4$19,166,310$7,048,555$1,188,311$10,929,444
5$20,124,624$7,403,131$1,247,727$11,473,766
6$21,130,856$7,775,437$1,310,113$12,045,306
7$22,187,399$8,166,358$1,375,619$12,645,423
8$23,296,769$8,576,825$1,444,400$13,275,545
9$24,461,608$9,007,815$1,516,620$13,937,173
10$25,684,688$9,460,355$1,592,451$14,631,882
11$26,968,922$9,935,521$1,672,073$15,361,328
12$28,317,368$10,434,446$1,755,677$16,127,245
13$29,733,237$10,958,318$1,843,461$16,931,458
14$31,219,899$11,508,383$1,935,634$17,775,882
15$32,780,893$12,085,951$2,032,415$18,662,527
16$34,419,938$12,692,397$2,134,036$19,593,505
17$36,140,935$13,329,166$2,240,738$20,571,031
18$37,947,982$13,997,773$2,352,775$21,597,433
19$39,845,380$14,699,811$2,470,414$22,675,156
20$41,837,650$15,436,951$2,593,934$23,806,765
21$43,929,532$16,210,947$2,723,631$24,994,954
22$46,126,009$17,023,643$2,859,813$26,242,553
23$48,432,309$17,876,975$3,002,803$27,552,531
24$50,853,924$18,772,972$3,152,943$28,928,009
25$53,396,620$19,713,770$3,310,590$30,372,260
26$56,066,452$20,701,608$3,476,120$31,888,725
27$58,869,775$21,738,837$3,649,926$33,481,012
28$61,813,263$22,827,927$3,832,422$35,152,913
29$64,903,926$23,971,473$4,024,043$36,908,410
30$68,149,123$25,172,196$4,225,246$38,751,682
Total$1,100,000,002$405,710,608$68,200,001$626,089,397

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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.