Georgia Lottery Tax Calculator
See what you'd actually keep from a Georgia lottery prize after federal and state taxes — Georgia withholds up to 5.49%, plus federal tax.
Georgia lottery take-home by jackpot size
Estimated net take-home after federal + 5.49% Georgia state tax.
| Advertised jackpot | Lump-sum take-home | Annuity total (30 yrs) | Effective tax |
|---|---|---|---|
| $1,000,000 | $616,912 | $832,060 | 38% |
| $10,000,000 | $5,792,812 | $6,839,758 | 42% |
| $100,000,000 | $57,551,812 | $58,764,368 | 42% |
| $500,000,000 | $287,591,812 | $288,804,368 | 42% |
Estimates use single-filer federal brackets and Georgia's top lottery-withholding rate. Actual tax depends on your total income, filing status, deductions and residency. Not tax advice.
How Georgia lottery winnings are taxed
Lottery prizes are taxable income. Every winner pays federal tax — the IRS withholds 24% up front, and the true rate climbs to 37% on large prizes. On top of that, Georgia taxes lottery winnings at up to 5.49%. Taking the prize as a lump sum is taxed all in one year (pushing more into the top bracket); a 30-year annuity spreads the income out.
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Georgia lottery tax FAQ
Does Georgia tax lottery winnings?
Yes. Georgia taxes lottery winnings at up to 5.49%, on top of federal tax (progressive, up to 37%).
How much tax do you pay on a $1 million Georgia lottery prize?
On a $1,000,000 Georgia prize taken as a lump sum, you'd owe roughly $383,088 in combined federal and state tax (about 38%), leaving about $616,912 take-home.
Is it better to take a lump sum or annuity in Georgia?
A lump sum gives you the discounted cash value now; a 30-year annuity pays the full advertised jackpot in equal yearly installments. Either way Georgia's 5.49% state rate and federal tax apply; the annuity can keep more of each year's payment in lower brackets. Use the calculator above to compare.