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Lottery Tax Calculator

Enter lottery jackpot to see take-home after federal 37% and state taxes on the lump sum.

Calculate exactly how much of a lottery jackpot you actually keep after federal and state taxes. The lump sum is typically 60% of the advertised jackpot, then subject to 37% federal tax and your state's income tax rate.

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Last reviewed: April 2026Report an error

Cash value: $300,000,000

Take-Home After All Taxes

$174,000,000

$500,000,000 jackpot → $300,000,000 lump sum → $111,000,000 federal + $15,000,000 state → $174,000,000 take-home (42.0% effective rate).

Lump Sum

$300,000,000

Federal Tax (37%)

$111,000,000

State Tax

$15,000,000

Take Home

$174,000,000

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How to Use This Lottery Tax Calculator

  1. Enter the lottery jackpot amount.
  2. Adjust lump sum percentage (default 60%).
  3. Enter your state income tax rate.
  4. Read lump sum, taxes owed, and final take-home.

Frequently Asked Questions

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