Lottery Tax Calculator

Lottery Winning & Payout Calculator

Most people assume they’ll take home whatever amount they see on their winning ticket. But that’s not how it works. In the U.S., lottery winnings are considered taxable income, which means federal and often state governments want a piece of that pie.

How to Use Our lotto tax Calculator?

Our Lottery Tax Calculator breaks it all down for you in seconds. Just enter:

  • Your lottery winnings amount
  • Your filing status (Single or Married)
  • Your payout type (Lump Sum or Full Jackpot/Annuity)
  • Your state of residence

Click “Calculate” and our system instantly gives you a clear estimate of your take-home winnings after federal and state taxes.

Why Use Ourbest lotter Calculator?

  • California and Florida have no state lottery tax.
  • New York has one of the highest state taxes on lottery winnings.

Our calculator customizes results based on your state, so you’ll know exactly what to expect where you live.

Thousands of users trust our lottery payout calculator because it’s:

  • Accurate – Updated with the latest federal and state tax laws
  • User-friendly – No confusing forms or legal jargon
  • Fast – Get results in just a few seconds
  • Mobile-optimized – Works smoothly on phones, tablets, and desktops
  • Privacy-respecting – No sign-ups, no data collected
Which One’s Better?

That depends on your goals, tax bracket, and how you plan to use the money. Our lotto calculator shows you how much you’ll receive in both cases so that you can make the right choice for your financial future.

Lump Sum

You take all your winnings at once, but it’s heavily taxed upfront.

Full Jackpot / Annuity

You get annual payments over 20–30 years, which may lower your yearly tax burden.

Why Our lottery winning Calculator Helps You Plan Smarter
  • Avoid overspending
  • Make smart investment decisions
  • Understand how much to set aside for taxes
  • Choose the right payout option
  • Stay compliant with IRS and state tax regulations
Designed for Everyone – Whether You’re a First-Time Player or Frequent Winner

Our lottery tax calculator is simple enough for anyone to use, but powerful enough to provide insights that even tax pros would appreciate.

No hidden fees. No registration. Just instant answers. Use it to plan responsibly and enjoy your winnings without future regrets.

Powerball States with the Most Jackpot Wins

State Number of Jackpots Won Year of Last Win
Indiana392017
Missouri312015
Minnesota*222013
Pennsylvania202024
Wisconsin192022
Kentucky182010
Louisiana172018
Florida172024
Arizona*142022
California142023
New York*132024
Kansas122022
New Hampshire*112018
New Jersey*122024
Washington, D.C.*112009
Delaware102016
Nebraska*102013
Connecticut92022
Iowa92018
West Virginia*92020
Rhode Island82012
Tennessee72019
Georgia72024
Oregon*72025
Massachusetts*62017
Michigan62024
North Carolina62019
South Carolina62013
Idaho*52005
New Mexico*52008
Ohio*52024
Montana*42010
Oklahoma42009
Colorado*32017
Maryland32021
South Dakota32009
Illinois22013
Puerto Rico*22015
Texas*22015
Washington22023
Virginia22023
Arkansas*12010
Vermont12022
Maine0N/A
Mississippi0N/A
North Dakota0N/A
U.S. Virgin Islands0N/A
Wyoming0N/A

Frequently Asked Questions

Yes. Even though withholding doesn’t kick in until $5,000, you are still required to report all lottery winnings as income on your federal tax return, even $1,000.

That’s the threshold where the IRS requires the lottery agency to withhold 24% of your winnings. But depending on your income and tax bracket, your actual tax owed could be more.

Assuming a lump sum payout and federal withholding of 24% plus your state taxes, you’d likely walk away with around $600,000–$700,000. Our lottery winnings calculator helps you break this down by exact amount and state.

Almost no one. Even non-resident aliens, retirees, and low-income individuals must report winnings. The only way to avoid taxes is if you live in a tax-free state, but you still owe federal taxes.
Our other calculators