Lottery Tax Calculator
How much do you actually keep from a jackpot? Enter the prize amount, your state, and filing status to see your real take-home after federal and state taxes.
Jackpot Details
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$0
Lump Sum Take-Home
California: 13.30%
Gross Payout
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Federal Tax (37%)
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State Tax
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Effective Tax Rate
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Where the money goes (lump sum)
Lump Sum = Jackpot × 60%
Federal = bracket math (up to 37%)
State = Gross × state rate
Lump Sum
One payment today at 60% of advertised jackpot
Gross Payout —
Federal Tax —
State Tax —
Net Take-Home —
Annuity
30 annual payments (5% increase each year)
Total Gross —
Total Federal Tax —
Total State Tax —
Total Net —
Present Value Comparison (5% discount rate)
Lump Sum Net (today) —
Annuity NPV (discounted to today) —
NPV discounts future annuity payments by 5%/year. If you can invest at >5%/yr, lump sum usually wins. At lower returns, annuity may be better.
30-Year Annuity Payment Schedule
| Year | Gross Payment | Federal Tax | State Tax | Net Payment |
|---|
All figures based on lump sum gross payout using the current jackpot and your filing status. Your selected state is highlighted.
| State | State Rate | State Tax (lump) | Net Take-Home | Effective Rate |
|---|