Lotto America Tax Calculator

Use this Lotto America prize calculator to work out how much cash you would be left with after a big win, once federal and state taxes have been deducted. Lottery prizes are counted as income in the United States, and an initial 25% federal withholding is made straight away on prizes worth more than $5,000, with the balance calculated when you submit your tax records for the year.

Using the Prize Calculator

Add the prize amount, select the state in which you purchased your ticket and enter whether you are enquiring about a jackpot or non-jackpot prize. You can then opt to find out the final value of the award if you accept the cash lump sum or if you choose to be paid in an annuity consisting of 30 regular payments over 29 years. Hit ‘Submit’ to see the calculation.

Calculate Your Cash Winnings

Prize Amount Won: $
Ticket Purchased In:    
Jackpot Prize?              

Disclaimer: Please note that the ‘Lump Sum Reduction’ rate of 37.2% is the average difference between the advertised annuity prize and the value of the cash option. This means that the actual final cash value may vary slightly from that shown.

Annuity vs Cash Option

Lotto America jackpot winners have the choice over how to accept their prize. The cash figure represents the jackpot fund on the day of the drawing, whilst the larger annuity value (the one that is advertised ahead of the drawing) is how much you would receive pre-tax after the cash sum has been invested over 29 years. Find out more about how the Lotto America jackpot works at the Prizes page.

State Tax

As well as federal taxes, most big winners owe state taxes too. The only jurisdictions that don’t make their own local withholdings are South Dakota and Tennessee. You can use the prize calculator to see how the rates in each state affect your final post-tax prize figure.

Here are the tax rates for the participating lotteries:

State Percentage Tax
Delaware 6.6%
Idaho 7.4%
Iowa 5%
Kansas 5%
Maine 5%
Minnesota 7.25%
Montana 6.9%
New Mexico 6%
North Dakota 2.9%
Oklahoma 4%
South Dakota 0%
Tennessee 0%
West Virginia 6.5%