USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$175,440$1,650,232
2$2,971,153$1,056,347$184,212$1,730,595
3$3,119,711$1,111,313$193,422$1,814,976
4$3,275,697$1,169,028$203,093$1,903,575
5$3,439,481$1,229,628$213,248$1,996,605
6$3,611,455$1,293,259$223,910$2,094,286
7$3,792,028$1,360,071$235,106$2,196,852
8$3,981,630$1,430,223$246,861$2,304,545
9$4,180,711$1,503,883$259,204$2,417,624
10$4,389,747$1,581,226$272,164$2,536,356
11$4,609,234$1,662,437$285,773$2,661,025
12$4,839,696$1,747,708$300,061$2,791,927
13$5,081,680$1,837,242$315,064$2,929,374
14$5,335,764$1,931,253$330,817$3,073,694
15$5,602,553$2,029,965$347,358$3,225,230
16$5,882,680$2,133,612$364,726$3,384,342
17$6,176,814$2,242,442$382,962$3,551,410
18$6,485,655$2,356,713$402,111$3,726,832
19$6,809,938$2,476,697$422,216$3,911,024
20$7,150,435$2,602,681$443,327$4,104,427
21$7,507,956$2,734,964$465,493$4,307,499
22$7,883,354$2,873,861$488,768$4,520,725
23$8,277,522$3,019,703$513,206$4,744,612
24$8,691,398$3,172,837$538,867$4,979,694
25$9,125,968$3,333,628$565,810$5,226,529
26$9,582,266$3,502,459$594,101$5,485,707
27$10,061,380$3,679,731$623,806$5,757,843
28$10,564,449$3,865,866$654,996$6,043,586
29$11,092,671$4,061,309$687,746$6,343,617
30$11,647,305$4,266,523$722,133$6,658,649
Total$188,000,000$68,270,607$11,656,001$108,073,392

◄ 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.