Lotto
Latest draw · Saturday, October 3, 2026
Lotto Tax Calculator
See what you'd really take home from a Lotto prize after federal and Colorado state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $2,300,000
- Federal tax
- − $809,188
- State tax (Colorado · 4.4%)
- − $101,200
- Net take-home
- $1,389,612
Estimate only — uses single-filer federal brackets and Colorado'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 $2,300,000 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 | $1,490,812 | 35% |
| Californiano state tax | $1,490,812 | 35% |
| Floridano state tax | $1,490,812 | 35% |
| New Hampshireno state tax | $1,490,812 | 35% |
| South Dakotano state tax | $1,490,812 | 35% |
| Tennesseeno state tax | $1,490,812 | 35% |
| Texasno state tax | $1,490,812 | 35% |
| Washingtonno state tax | $1,490,812 | 35% |
| Wyomingno state tax | $1,490,812 | 35% |
| Arizona | $1,433,312 | 38% |
| North Dakota | $1,433,312 | 38% |
| Pennsylvania | $1,420,202 | 38% |
| Indiana | $1,418,362 | 38% |
| Ohio | $1,410,312 | 39% |
| Kentucky | $1,398,812 | 39% |
| Louisiana | $1,393,062 | 39% |
| Michigan | $1,393,062 | 39% |
| Arkansas | $1,389,612 | 40% |
| Colorado(this game) | $1,389,612 | 40% |
| North Carolina | $1,387,312 | 40% |
| Utah | $1,383,862 | 40% |
| Oklahoma | $1,381,562 | 40% |
| Missouri | $1,380,412 | 40% |
| Illinois | $1,376,962 | 40% |
| Alabama | $1,375,812 | 40% |
| Massachusetts | $1,375,812 | 40% |
| Mississippi | $1,375,812 | 40% |
| West Virginia | $1,373,052 | 40% |
| Georgia | $1,364,542 | 41% |
| Kansas | $1,359,712 | 41% |
| Maryland | $1,358,562 | 41% |
| Virginia | $1,358,562 | 41% |
| Idaho | $1,357,412 | 41% |
| Nebraska | $1,356,492 | 41% |
| Montana | $1,355,112 | 41% |
| New Mexico | $1,355,112 | 41% |
| Rhode Island | $1,353,042 | 41% |
| Iowa | $1,352,812 | 41% |
| South Carolina | $1,343,612 | 42% |
| Delaware | $1,339,012 | 42% |
| Connecticut | $1,330,042 | 42% |
| Maine | $1,326,362 | 42% |
| Wisconsin | $1,314,862 | 43% |
| Vermont | $1,289,562 | 44% |
| Minnesota | $1,264,262 | 45% |
| Oregon | $1,263,112 | 45% |
| District of Columbia | $1,243,562 | 46% |
| New Jersey | $1,243,562 | 46% |
| New York | $1,240,112 | 46% |
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 Colorado?
On a $2,300,000 Lotto jackpot taken as a lump sum, you'd pay about $809,188 in federal tax and $101,200 in Colorado state tax, leaving roughly $1,389,612.
Does Colorado tax Lotto lottery winnings?
Yes — Colorado withholds about 4.4% in state tax on Lotto winnings, on top of federal tax.
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.
