Lottery Tax Calculator
Apply a tax rate to your lottery winnings to estimate the tax withheld and your net payout. The rate defaults to the 24% federal withholding.
- Free
- No sign-up
Enter your winnings and a tax rate to see the net payout.
Worked example
With these example inputs:
- Winnings$1,000,000
- Tax rate24%
Net winnings: $710,000
- Income tax$290,000
- Net per year (annuity)$23,667
Frequently asked questions
How much tax is withheld on lottery winnings?
US lottery prizes over $5,000 have 24% withheld for federal tax upfront. On a $1,000,000 prize, that is $240,000 withheld and $760,000 paid out.
Is 24% the final tax?
No. Large winnings can push you into the top 37% federal bracket, so more may be due at filing, and most states tax winnings too. Treat this as an estimate, not advice.