USA Mega

South Carolina Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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 $387,000,000 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, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 6.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$361,144$3,351,526
2$6,116,151$2,219,996$379,201$3,516,953
3$6,421,958$2,333,145$398,161$3,690,652
4$6,743,056$2,451,951$418,069$3,873,036
5$7,080,209$2,576,697$438,973$4,064,538
6$7,434,219$2,707,681$460,922$4,265,616
7$7,805,930$2,845,215$483,968$4,476,748
8$8,196,227$2,989,624$508,166$4,698,437
9$8,606,038$3,141,254$533,574$4,931,209
10$9,036,340$3,300,466$560,253$5,175,621
11$9,488,157$3,467,638$588,266$5,432,253
12$9,962,565$3,643,169$617,679$5,701,717
13$10,460,693$3,827,477$648,563$5,984,653
14$10,983,728$4,021,000$680,991$6,281,737
15$11,532,914$4,224,199$715,041$6,593,675
16$12,109,560$4,437,557$750,793$6,921,210
17$12,715,038$4,661,584$788,332$7,265,121
18$13,350,790$4,896,812$827,749$7,626,228
19$14,018,329$5,143,802$869,136$8,005,391
20$14,719,246$5,403,141$912,593$8,403,511
21$15,455,208$5,675,447$958,223$8,821,538
22$16,227,968$5,961,369$1,006,134$9,260,466
23$17,039,367$6,261,586$1,056,441$9,721,340
24$17,891,335$6,576,814$1,109,263$10,205,258
25$18,785,902$6,907,804$1,164,726$10,713,372
26$19,725,197$7,255,343$1,222,962$11,246,892
27$20,711,457$7,620,259$1,284,110$11,807,087
28$21,747,030$8,003,421$1,348,316$12,395,293
29$22,834,381$8,405,741$1,415,732$13,012,908
30$23,976,100$8,828,177$1,486,518$13,661,405
Total$387,000,001$141,900,604$23,993,999$221,105,391

◄ 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.