LuckyDay Lotto
Latest draw · Wednesday, July 8, 2026 · Midday
LuckyDay Lotto Tax Calculator
See what you'd really take home from a LuckyDay Lotto prize after federal and Illinois state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $150,000
- Federal tax
- − $29,043
- State tax (Illinois · 4.95%)
- − $7,425
- Net take-home
- $113,533
Estimate only — uses single-filer federal brackets and Illinois's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
LuckyDay Lotto tax FAQ
How much tax do you pay on a LuckyDay Lotto jackpot in Illinois?
On a $150,000 LuckyDay Lotto jackpot taken as a lump sum, you'd pay about $29,043 in federal tax and $7,425 in Illinois state tax, leaving roughly $113,533.
Does Illinois tax LuckyDay Lotto lottery winnings?
Yes — Illinois withholds about 4.95% in state tax on LuckyDay Lotto winnings, on top of federal tax.
Should I take the LuckyDay 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.
