Enter any jackpot, pick your state, and see exactly what Powerball or Mega Millions would pay you after federal and state taxes. The calculator models both the lump sum (taxed once, today’s brackets) and the 30-year annuity (each payment taxed in the year you receive it), and shows the difference between the initial 24% + state withholding you’ll see at the claim window and the true tax you’ll actually owe. For a state-specific view, jump straight to any of the 50 state calculator pages below the tool.

Lottery Tax Calculator

Estimates for tax year 2026 · single filer · educational estimate, not tax advice

Advertised jackpot (annuity value)

Type the headline number you saw announced.

Payout option

Compare both Lump sum Annuity

Your state (where you pay taxes)

Advanced assumptions

Cash value as % of advertised jackpot (actual cash value is announced per drawing; recent range ≈ 44–52%)

Enter a jackpot and hit Calculate to see your after-tax payout.

Federal brackets, state brackets, withholding and the 30-year annuity schedule are all modeled with 2026 tax year data.

Estimates assume the prize is your only income and you claim the standard deduction (single filer). Withholding figures reflect federal law and published state practices. Confirm with a CPA before making decisions.

State-by-state calculators

Open your state for worked examples, withholding rules and FAQs specific to where you file.

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