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Georgia

Fantasy 5

Latest draw · Saturday, July 4, 2026

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Fantasy 5 Tax Calculator

See what you'd really take home from a Fantasy 5 prize after federal and Georgia state tax — as a lump sum or a 30-year annuity.

Estimated take-home (lump sum)
$112,723
75% of the $150,000 prize
Prize (lump-sum cash)
$150,000
Federal tax
− $29,043
State tax (Georgia · 5.49%)
− $8,235
Net take-home
$112,723

Estimate only — uses single-filer federal brackets and Georgia's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.

Fantasy 5 tax FAQ

How much tax do you pay on a Fantasy 5 jackpot in Georgia?

On a $150,000 Fantasy 5 jackpot taken as a lump sum, you'd pay about $29,043 in federal tax and $8,235 in Georgia state tax, leaving roughly $112,723.

Does Georgia tax Fantasy 5 lottery winnings?

Yes — Georgia withholds about 5.49% in state tax on Fantasy 5 winnings, on top of federal tax.

Should I take the Fantasy 5 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.