USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$132,855$28,929$304,810
2$489,924$141,021$30,375$318,528
3$514,420$149,594$31,894$332,932
4$540,141$158,597$33,489$348,056
5$567,149$168,049$35,163$363,936
6$595,506$177,974$36,921$380,610
7$625,281$188,396$38,767$398,118
8$656,545$199,942$40,706$415,897
9$689,373$212,088$42,741$434,543
10$723,841$224,841$44,878$454,122
11$760,033$238,233$47,122$474,679
12$798,035$252,293$49,478$496,264
13$837,937$267,057$51,952$518,928
14$879,834$282,559$54,550$542,725
15$923,825$298,836$57,277$567,712
16$970,016$315,926$60,141$593,949
17$1,018,517$333,872$63,148$621,498
18$1,069,443$352,714$66,305$650,423
19$1,122,915$372,499$69,621$680,796
20$1,179,061$393,273$73,102$712,686
21$1,238,014$415,085$76,757$746,172
22$1,299,915$437,989$80,595$781,331
23$1,364,911$462,037$84,624$818,249
24$1,433,156$487,288$88,856$857,012
25$1,504,814$513,801$93,298$897,714
26$1,580,055$541,640$97,963$940,451
27$1,659,057$570,871$102,862$985,324
28$1,742,010$601,564$108,005$1,032,442
29$1,829,111$633,791$113,405$1,081,915
30$1,920,566$667,630$119,075$1,133,861
Total$31,000,000$10,192,315$1,921,999$18,885,683

◄ Back to Jackpot Analysis

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.