Lottery Winnings Calculator
Calculate your potential lottery winnings and tax implications
Lottery Details
Tax Information
Additional Options
Your Potential Winnings
Payout Summary
Gross Jackpot
$100,000,000
Lump Sum Amount (60%)
$60,000,000
Federal Tax (37%)
-$22,200,000
State Tax (5%)
-$3,000,000
Initial Withholding (24%)
-$14,400,000
Net Lump Sum Payment
$20,400,000
Annual Annuity Payments
Annual Gross Payment
$5,000,000
Annual Federal Tax
-$1,850,000
Annual State Tax
-$250,000
Annual Net Payment
$2,900,000
Total Net Winnings
$20,400,000
Tax rates shown are estimates. Actual tax obligations may vary based on your individual circumstances and state regulations. Consult a tax professional for accurate advice.