Cash5
Latest draw · Saturday, October 10, 2026
Cash5 Tax Calculator
See what you'd really take home from a Cash5 prize after federal and Virginia state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $504,000
- Federal tax
- − $146,775
- State tax (Virginia · 5.75%)
- − $28,980
- Net take-home
- $328,245
Estimate only — uses single-filer federal brackets and Virginia's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash5 take-home by state
What you'd keep from a $504,000 Cash5 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 | $357,225 | 29% |
| Californiano state tax | $357,225 | 29% |
| Floridano state tax | $357,225 | 29% |
| New Hampshireno state tax | $357,225 | 29% |
| South Dakotano state tax | $357,225 | 29% |
| Tennesseeno state tax | $357,225 | 29% |
| Texasno state tax | $357,225 | 29% |
| Washingtonno state tax | $357,225 | 29% |
| Wyomingno state tax | $357,225 | 29% |
| Arizona | $344,625 | 32% |
| North Dakota | $344,625 | 32% |
| Pennsylvania | $341,752 | 32% |
| Indiana | $341,349 | 32% |
| Ohio | $339,585 | 33% |
| Kentucky | $337,065 | 33% |
| Louisiana | $335,805 | 33% |
| Michigan | $335,805 | 33% |
| Arkansas | $335,049 | 34% |
| Colorado | $335,049 | 34% |
| North Carolina | $334,545 | 34% |
| Utah | $333,789 | 34% |
| Oklahoma | $333,285 | 34% |
| Missouri | $333,033 | 34% |
| Illinois | $332,277 | 34% |
| Alabama | $332,025 | 34% |
| Massachusetts | $332,025 | 34% |
| Mississippi | $332,025 | 34% |
| West Virginia | $331,420 | 34% |
| Georgia | $329,556 | 35% |
| Kansas | $328,497 | 35% |
| Maryland | $328,245 | 35% |
| Virginia(this game) | $328,245 | 35% |
| Idaho | $327,993 | 35% |
| Nebraska | $327,792 | 35% |
| Montana | $327,489 | 35% |
| New Mexico | $327,489 | 35% |
| Rhode Island | $327,036 | 35% |
| Iowa | $326,985 | 35% |
| South Carolina | $324,969 | 36% |
| Delaware | $323,961 | 36% |
| Connecticut | $321,996 | 36% |
| Maine | $321,189 | 36% |
| Wisconsin | $318,669 | 37% |
| Vermont | $313,125 | 38% |
| Minnesota | $307,581 | 39% |
| Oregon | $307,329 | 39% |
| District of Columbia | $303,045 | 40% |
| New Jersey | $303,045 | 40% |
| New York | $302,289 | 40% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Cash5 tax FAQ
How much tax do you pay on a Cash5 jackpot in Virginia?
On a $504,000 Cash5 jackpot taken as a lump sum, you'd pay about $146,775 in federal tax and $28,980 in Virginia state tax, leaving roughly $328,245.
Does Virginia tax Cash5 lottery winnings?
Yes — Virginia withholds about 5.75% in state tax on Cash5 winnings, on top of federal tax.
Should I take the Cash5 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.