US Lottery Winnings Calculator

Calculate your potential lottery winnings with ease. Enter an amount as either Annual Pay or Lump Sum, and we’ll compute both options with federal and state tax estimates.

Lump Sum vs Annuity: Choose based on flexibility, tax strategy, and financial goals. We compute both using a 60% cash factor (adjustable in Advanced).

Quick Snapshot

Lump Sum$1,000,000.00
Annual Pay$1,666,666.67
Net After Taxes
Lump Sum -Single Payment
$522,500.00
Annuity -Total Over 30 Years
$870,833.33
Personal Tax Summary (This Year)

Final net reflects estimated federal (37%) and state taxes after withholding (24%). Actual liability depends on your full-year income and deductions.

Lump Sum -Final Net
$522,500.00
Balance due: $130,000.00
Annuity -Year 1 Net
$13,107.29
First payment: $25,085.73
Lump Sum (Single Payment)
Pros
  • Immediate access & flexibility
  • Investment opportunities
  • Simplified estate planning
Cons
  • Higher one-year tax burden
  • Risk of overspending
  • No future payments
Annuity (Over 30 Years)
Pros
  • Steady income stream
  • Lower annual tax burden
  • Reduced overspending risk
Cons
  • Limited liquidity
  • Long-term payout schedule
  • Dependency on issuer terms

Compare Payout Options

Lump Sum
Basis: $1,000,000.00
Federal Withheld (24%)$240,000.00
State Tax (est.)$107,500.00
Net After Withholding$652,500.00
Est. Federal Final (37%)$370,000.00
Estimated Final Net
$522,500.00
Balance due at filing: $130,000.00
Annuity (Over 30 Years)
Annual Pay: $1,666,666.67 • First: $25,085.73
Total Gross
$1,666,666.67
Est. Final Net
$870,833.33
Fed Withheld (24%)
$400,000.00
State (est.)
$179,166.67
YearGrossFed WHStateNet After WHEst Fed FinalEst Final Net
1$25,085.73$6,020.57$2,696.72$16,368.44$9,281.72$13,107.29
2$26,340.01$6,321.60$2,831.55$17,186.86$9,745.80$13,762.66
3$27,657.01$6,637.68$2,973.13$18,046.20$10,233.09$14,450.79
4$29,039.86$6,969.57$3,121.79$18,948.51$10,744.75$15,173.33
5$30,491.86$7,318.05$3,277.87$19,895.94$11,281.99$15,931.99
6$32,016.45$7,683.95$3,441.77$20,890.73$11,846.09$16,728.59
7$33,617.27$8,068.15$3,613.86$21,935.27$12,438.39$17,565.02
8$35,298.13$8,471.55$3,794.55$23,032.03$13,060.31$18,443.28
9$37,063.04$8,895.13$3,984.28$24,183.63$13,713.33$19,365.44
10$38,916.19$9,339.89$4,183.49$25,392.82$14,398.99$20,333.71
11$40,862.00$9,806.88$4,392.67$26,662.46$15,118.94$21,350.40
12$42,905.10$10,297.22$4,612.30$27,995.58$15,874.89$22,417.92
13$45,050.36$10,812.09$4,842.91$29,395.36$16,668.63$23,538.81
14$47,302.88$11,352.69$5,085.06$30,865.13$17,502.06$24,715.75
15$49,668.02$11,920.32$5,339.31$32,408.38$18,377.17$25,951.54
16$52,151.42$12,516.34$5,606.28$34,028.80$19,296.03$27,249.12
17$54,758.99$13,142.16$5,886.59$35,730.24$20,260.83$28,611.57
18$57,496.94$13,799.27$6,180.92$37,516.75$21,273.87$30,042.15
19$60,371.79$14,489.23$6,489.97$39,392.59$22,337.56$31,544.26
20$63,390.38$15,213.69$6,814.47$41,362.22$23,454.44$33,121.47
21$66,559.90$15,974.38$7,155.19$43,430.33$24,627.16$34,777.55
22$69,887.89$16,773.09$7,512.95$45,601.85$25,858.52$36,516.42
23$73,382.29$17,611.75$7,888.60$47,881.94$27,151.45$38,342.24
24$77,051.40$18,492.34$8,283.03$50,276.04$28,509.02$40,259.36
25$80,903.97$19,416.95$8,697.18$52,789.84$29,934.47$42,272.32
26$84,949.17$20,387.80$9,132.04$55,429.33$31,431.19$44,385.94
27$89,196.63$21,407.19$9,588.64$58,200.80$33,002.75$46,605.24
28$93,656.46$22,477.55$10,068.07$61,110.84$34,652.89$48,935.50
29$98,339.28$23,601.43$10,571.47$64,166.38$36,385.53$51,382.27
30$103,256.25$24,781.50$11,100.05$67,374.70$38,204.81$53,951.39
TOTAL$1,666,666.67$400,000.00$179,166.67$1,087,500.00$616,666.67$870,833.33

Conversion between Lump Sum and Annual Pay uses a cash factor of 60% (adjust in Advanced).

CSV: Lump + Annuity • JSON: Full data • PDF: Printable summary

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