Lotto
Latest draw · Wednesday, July 1, 2026
Lotto Tax Calculator
See what you'd really take home from a Lotto prize after federal and Florida state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $6,750,000
- Federal tax
- − $2,455,688
- State tax (Florida · 0%)
- − $0
- Net take-home
- $4,294,312
🎉 Florida doesn't tax lottery winnings — you only pay federal tax on your Lotto prize.
Estimate only — uses single-filer federal brackets and Florida's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Lotto take-home by state
What you'd keep from a $6,750,000 Lotto prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $4,294,312 | 36% |
| Californiano state tax | $4,294,312 | 36% |
| Floridano state tax(this game) | $4,294,312 | 36% |
| New Hampshireno state tax | $4,294,312 | 36% |
| South Dakotano state tax | $4,294,312 | 36% |
| Tennesseeno state tax | $4,294,312 | 36% |
| Texasno state tax | $4,294,312 | 36% |
| Washingtonno state tax | $4,294,312 | 36% |
| Wyomingno state tax | $4,294,312 | 36% |
| Arizona | $4,125,562 | 39% |
| North Dakota | $4,125,562 | 39% |
| Pennsylvania | $4,087,087 | 39% |
| Indiana | $4,081,687 | 40% |
| Ohio | $4,058,062 | 40% |
| Kentucky | $4,024,312 | 40% |
| Louisiana | $4,007,437 | 41% |
| Michigan | $4,007,437 | 41% |
| Arkansas | $3,997,312 | 41% |
| Colorado | $3,997,312 | 41% |
| North Carolina | $3,990,562 | 41% |
| Utah | $3,980,437 | 41% |
| Oklahoma | $3,973,687 | 41% |
| Missouri | $3,970,312 | 41% |
| Illinois | $3,960,187 | 41% |
| Alabama | $3,956,812 | 41% |
| Massachusetts | $3,956,812 | 41% |
| Mississippi | $3,956,812 | 41% |
| West Virginia | $3,948,712 | 42% |
| Georgia | $3,923,737 | 42% |
| Kansas | $3,909,562 | 42% |
| Maryland | $3,906,187 | 42% |
| Virginia | $3,906,187 | 42% |
| Idaho | $3,902,812 | 42% |
| Nebraska | $3,900,112 | 42% |
| Montana | $3,896,062 | 42% |
| New Mexico | $3,896,062 | 42% |
| Rhode Island | $3,889,987 | 42% |
| Iowa | $3,889,312 | 42% |
| South Carolina | $3,862,312 | 43% |
| Delaware | $3,848,812 | 43% |
| Connecticut | $3,822,487 | 43% |
| Maine | $3,811,687 | 44% |
| Wisconsin | $3,777,937 | 44% |
| Vermont | $3,703,687 | 45% |
| Minnesota | $3,629,437 | 46% |
| Oregon | $3,626,062 | 46% |
| District of Columbia | $3,568,687 | 47% |
| New Jersey | $3,568,687 | 47% |
| New York | $3,558,562 | 47% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Lotto tax FAQ
How much tax do you pay on a Lotto jackpot in Florida?
On a $6,750,000 Lotto jackpot taken as a lump sum, you'd pay about $2,455,688 in federal tax and no Florida state tax, leaving roughly $4,294,312.
Does Florida tax Lotto lottery winnings?
No — Florida does not tax lottery winnings, so you only pay federal tax on a Lotto prize.
Should I take the Lotto lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.
