A $1,000,000 lottery prize leaves about $680,000 after 2026 federal tax for a single filer with no other income, and less in a state that taxes lottery winnings. The tables below show the same calculation for prizes from $10,000 to $50 million and for jackpots from $100 million to $2 billion. For your own state and filing status, enter the amount in the lottery tax calculator.
Lottery prizes after taxes, $10,000 to $50 million
These are prizes paid as a single amount: scratch-off top prizes, second-tier Powerball and Mega Millions prizes, state lotto jackpots. Click an amount to open it in the calculator.
| Prize | Withheld at claim | Federal tax | Federal tax with a $60,000 salary | Take-home (no state tax) | Take-home (New York City) |
|---|---|---|---|---|---|
| $10,000 | $2,400 | $0 | $1,550 | $10,000 | $9,294 |
| $25,000 | $6,000 | $890 | $4,850 | $24,110 | $22,067 |
| $50,000 | $12,000 | $3,820 | $10,350 | $46,180 | $41,832 |
| $100,000 | $24,000 | $13,170 | $22,114 | $86,830 | $77,747 |
| $250,000 | $60,000 | $51,304 | $66,614 | $198,696 | $174,621 |
| $500,000 | $120,000 | $138,134 | $154,114 | $361,866 | $310,976 |
| $1,000,000 | $240,000 | $320,000 | $337,180 | $680,000 | $575,480 |
| $2,000,000 | $480,000 | $690,000 | $707,180 | $1,310,000 | $1,072,391 |
| $3,000,000 | $720,000 | $1,060,000 | $1,077,180 | $1,940,000 | $1,567,131 |
| $5,000,000 | $1,200,000 | $1,800,000 | $1,817,180 | $3,200,000 | $2,556,611 |
| $10,000,000 | $2,400,000 | $3,650,000 | $3,667,180 | $6,350,000 | $4,997,811 |
| $20,000,000 | $4,800,000 | $7,350,000 | $7,367,180 | $12,650,000 | $9,880,211 |
| $50,000,000 | $12,000,000 | $18,450,000 | $18,467,180 | $31,550,000 | $24,377,411 |
Single filer, 2026 federal brackets and standard deduction. “Federal tax” and “Take-home” are for a winner with no other income: in a state that does not tax lottery prizes, or in New York City with state and city tax. The salary column is the extra federal tax a prize adds on top of a $60,000 salary.
Jackpots after taxes, $100 million to $2 billion
An advertised Powerball or Mega Millions jackpot is the total of 30 annuity payments. Most winners take the cash option, which is much smaller, so the taxes below are figured on the cash value. Cash values are estimated at 41.2% of the jackpot, the ratio of the current Powerball jackpot ($485 Million) to its official cash value ($199.8 Million). The real ratio changes with interest rates.
| Advertised jackpot | Cash value (estimated) | Federal tax | Take-home, no state tax | Take-home in New York City |
|---|---|---|---|---|
| $100 million | $41,200,000 | $15,194,000 | $26,006,000 | $20,134,000 |
| $200 million | $82,400,000 | $30,438,000 | $51,962,000 | $40,002,000 |
| $300 million | $123,600,000 | $45,682,000 | $77,918,000 | $59,870,000 |
| $400 million | $164,800,000 | $60,926,000 | $103,874,000 | $79,739,000 |
| $500 million | $206,000,000 | $76,170,000 | $129,830,000 | $99,607,000 |
| $600 million | $247,200,000 | $91,414,000 | $155,786,000 | $119,475,000 |
| $700 million | $288,400,000 | $106,658,000 | $181,742,000 | $139,343,000 |
| $800 million | $329,600,000 | $121,902,000 | $207,698,000 | $159,212,000 |
| $900 million | $370,800,000 | $137,146,000 | $233,654,000 | $179,080,000 |
| $1 billion | $412,000,000 | $152,390,000 | $259,610,000 | $198,948,000 |
| $1.5 billion | $617,900,000 | $228,573,000 | $389,327,000 | $298,242,000 |
| $2 billion | $823,900,000 | $304,793,000 | $519,107,000 | $397,583,000 |
Lump sum, single filer with no other income, 2026 rates, rounded to the nearest $1,000. For the annuity, every payment is taxed in the year you receive it: see the lottery annuity calculator. For the jackpot of the next drawing with its official cash value, use the Powerball calculator or the Mega Millions calculator.
How much is $1 million after taxes?
About $680,000 in a state with no lottery tax. A single filer with no other income pays about $320,000 in federal tax, 32% of the prize. Only $240,000 (24%) is withheld when you claim, so about $80,000 more is due when you file. In New York City, state and city tax bring the take-home down to about $575,480.
If you win $50,000, how much goes to taxes?
The lottery withholds $12,000 for federal tax when you claim. What you finally owe depends on your other income: about $3,820 if the prize is your only income, or about $10,350 if you already earn $60,000, because the prize is taxed at your top rate. With little other income, part of the withholding comes back as a refund. State tax is extra in most states.
How much is a $1 billion jackpot after taxes?
About $259,610,000 if you take the cash option and live in a state with no lottery tax. The cash value of a $1 billion jackpot is roughly $412,000,000, and federal tax takes about $152,390,000 of that, nearly all at the 37% top rate. Billion-dollar winners and what they kept are listed in the largest lottery jackpots.
$1 million after taxes in every state
State tax on a $1,000,000 prize ranges from nothing to about $104,520 for a New York City resident. Federal tax is the same everywhere: about $320,000. Withholding rates for each state are in lottery tax by state.
| Where the winner lives | State and local tax | Take-home |
|---|---|---|
| Alabama | $49,960 | $630,040 |
| Alaska | $0 | $680,000 |
| Arizona | $25,000 | $655,000 |
| Arkansas | $38,913 | $641,087 |
| California | $0 | $680,000 |
| Colorado | $44,000 | $636,000 |
| Connecticut | $66,200 | $613,800 |
| Delaware | $64,984 | $615,016 |
| District of Columbia | $91,525 | $588,475 |
| Florida | $0 | $680,000 |
| Georgia | $49,900 | $630,100 |
| Hawaii | $100,216 | $579,784 |
| Idaho | $52,745 | $627,255 |
| Illinois | $49,500 | $630,500 |
| Indiana | $29,500 | $650,500 |
| Iowa | $38,000 | $642,000 |
| Kansas | $55,713 | $624,287 |
| Kentucky | $35,000 | $645,000 |
| Louisiana | $30,000 | $650,000 |
| Maine | $70,980 | $609,020 |
| Maryland | $89,014 | $590,986 |
| Massachusetts | $50,000 | $630,000 |
| Michigan | $42,500 | $637,500 |
| Minnesota | $92,805 | $587,195 |
| Mississippi | $39,600 | $640,400 |
| Missouri | $46,819 | $633,181 |
| Montana | $56,049 | $623,951 |
| Nebraska | $45,199 | $634,801 |
| Nevada | $0 | $680,000 |
| New Hampshire | $0 | $680,000 |
| New Jersey | $74,576 | $605,424 |
| New Mexico | $56,358 | $623,642 |
| New York | $65,885 | $614,115 |
| New York City | $104,520 | $575,480 |
| North Carolina | $39,900 | $640,100 |
| North Dakota | $22,708 | $657,292 |
| Ohio | $26,784 | $653,216 |
| Oklahoma | $44,785 | $635,215 |
| Oregon | $97,244 | $582,756 |
| Pennsylvania | $30,700 | $649,300 |
| Rhode Island | $56,768 | $623,232 |
| South Carolina | $59,344 | $620,656 |
| South Dakota | $0 | $680,000 |
| Tennessee | $0 | $680,000 |
| Texas | $0 | $680,000 |
| Utah | $45,000 | $635,000 |
| Vermont | $81,826 | $598,174 |
| Virginia | $57,243 | $622,757 |
| Washington | $0 | $680,000 |
| West Virginia | $47,362 | $632,638 |
| Wisconsin | $68,078 | $611,922 |
| Wyoming | $0 | $680,000 |
Lump sum, single filer with no other income, 2026 federal and state rates. Maryland includes the average county income tax; other county and city taxes outside New York City are not included. California does not tax California Lottery prizes; a prize from another state's lottery is taxed. Alabama, Alaska, Hawaii, Nevada and Utah do not sell Powerball or Mega Millions.
Common questions
Why is the tax more than the 24% withheld?
Federal withholding on prizes over $5,000 is a flat 24%, but a large prize is taxed at the regular rates, which reach 37%. On a $1,000,000 prize the difference is about $80,000, due when you file. The guide to taxes on lottery winnings explains how withholding and the final tax differ.
Is a $10,000 prize taxed?
Yes. Every prize is taxable income. The lottery withholds 24% from prizes over $5,000 ($2,400 on $10,000), but with little other income the final federal tax can be lower: if the prize is your only income, the standard deduction covers it and no federal tax is due, and the difference is refunded when you file. If you already earn $60,000, the federal tax is about $1,550.
Do these figures include the annuity?
No. Every table is for the lump sum. To compare 30 annuity payments with the cash option, use the lottery annuity calculator.