Lottery Tax Calculator | Mega millions Powerball lotto Tax

Lottery Tax Calculator For USA




Lottery Lump Sum Payout After Tax


Actual Winning Before Tax
Federal Tax 24 %
State Tax
Net Winning Tax

Annuity Payout For 30 Years --scroll down on mobile--

Lottery Annuity Payout For 30 Years


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Frequently Asked Questions (FAQ)


Federal and state tax for lottery winnings on lump sum and annuity payments in the USA

Most lottery winners want a lump sum payment immediately. Then, they can choose to invest it into a retirement plan or the other stock option to generate a return. The main benefit of a lump sum is getting complete access to the funds.

All individuals, accountants, economic advisors, wealth managers, and lawyers also love to take lump-sum amounts. The winner wants to take the whole amount because they can use it to buy stocks or a company.

Many monetary advisors suggest selecting the lump sum because you typically get a bigger return on investing lottery winnings in huge gain assets.

You can also get knowledge about the taxes applied to your winnings using a lottery tax calculator.

Alabama state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Alaska state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Arizona state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Arkansas state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7 %


California state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Colorado state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %


Connecticut state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.99 %


Delaware state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Florida state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Georgia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.75 %


Hawaii state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Idaho state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.925 %


Illinois state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4.95 %


Indiana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 3.23 %


Iowa state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Kansas state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Kentucky state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Louisiana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Maine state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Maryland state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8.75 %


Massachusetts state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Michigan state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4.25 %


Minnesota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7.25 %


Mississippi state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Missouri state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %


Montana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.9 %


Nebraska state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %


Nevada state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


New Hampshire state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


New Jersey state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8 %


New Maxico state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6 %


New York state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8.82 %


North Carilona state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.499 %


North Dakota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 2.9 %


Ohio state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %


Oklahoma state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %


Oregon state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8 %


Pennsylvania state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 3.07 %


Rhode Island state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.99 %


South Carolina state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7 %


South Dakota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Tennessee state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Taxes state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Utah state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


Vermont state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6 %


Virginia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %


Washington state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %


West Virginia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.5 %


Wisconsin state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7.65 %


Wyoming state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

lottery tax calculator Lottery Tax Calculator

References :

  • https://worldpopulationreview.com/state-rankings/taxes-on-lottery-winnings-by-state
  • https://smartasset.com/taxes/how-taxes-on-lottery-winnings-work
  • https://taxfoundation.org/lottery-tax-withholding-2019/
  • https://www.cnbc.com/2019/09/20/what-you-pay-in-taxes-if-you-hit-211-million-mega-millions-jackpot.html
  • https://www.investopedia.com/managing-wealth/winning-jackpot-dream-nightmare/