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Lottery Tax Calculator

An estimate of federal and state tax on winnings and your take-home. An estimate, not tax advice — consult a professional.

Your winnings

Treats the winnings as your only taxable income for the year. Based on 2026-06 rates.

Estimated take-home

Federal mandatory withholding

24% withheld up front on prizes over $5,000.

$240,000.00
Federal tax owed

Total federal tax at the progressive brackets.

$320,000.25
Additional federal owed at filing

Federal tax owed beyond what was withheld up front.

$80,000.25
State withholding (NY)

State lottery withholding at your state's rate.

$88,200.00
Total tax
$408,200.25
Take-home

What's left after federal and state tax.

$591,799.75
Effective total rate
40.82%

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