Cash Five
Latest draw · Saturday, October 3, 2026
Cash Five Tax Calculator
See what you'd really take home from a Cash Five prize after federal and Indiana state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $343,500
- Federal tax
- − $90,600
- State tax (Indiana · 3.15%)
- − $10,820
- Net take-home
- $242,080
Estimate only — uses single-filer federal brackets and Indiana's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash Five take-home by state
What you'd keep from a $343,500 Cash Five 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 | $252,900 | 26% |
| Californiano state tax | $252,900 | 26% |
| Floridano state tax | $252,900 | 26% |
| New Hampshireno state tax | $252,900 | 26% |
| South Dakotano state tax | $252,900 | 26% |
| Tennesseeno state tax | $252,900 | 26% |
| Texasno state tax | $252,900 | 26% |
| Washingtonno state tax | $252,900 | 26% |
| Wyomingno state tax | $252,900 | 26% |
| Arizona | $244,313 | 29% |
| North Dakota | $244,313 | 29% |
| Pennsylvania | $242,355 | 29% |
| Indiana(this game) | $242,080 | 30% |
| Ohio | $240,878 | 30% |
| Kentucky | $239,160 | 30% |
| Louisiana | $238,302 | 31% |
| Michigan | $238,302 | 31% |
| Arkansas | $237,786 | 31% |
| Colorado | $237,786 | 31% |
| North Carolina | $237,443 | 31% |
| Utah | $236,928 | 31% |
| Oklahoma | $236,584 | 31% |
| Missouri | $236,412 | 31% |
| Illinois | $235,897 | 31% |
| Alabama | $235,725 | 31% |
| Massachusetts | $235,725 | 31% |
| Mississippi | $235,725 | 31% |
| West Virginia | $235,313 | 31% |
| Georgia | $234,042 | 32% |
| Kansas | $233,321 | 32% |
| Maryland | $233,149 | 32% |
| Virginia | $233,149 | 32% |
| Idaho | $232,977 | 32% |
| Nebraska | $232,840 | 32% |
| Montana | $232,634 | 32% |
| New Mexico | $232,634 | 32% |
| Rhode Island | $232,325 | 32% |
| Iowa | $232,290 | 32% |
| South Carolina | $230,916 | 33% |
| Delaware | $230,229 | 33% |
| Connecticut | $228,890 | 33% |
| Maine | $228,340 | 34% |
| Wisconsin | $226,623 | 34% |
| Vermont | $222,844 | 35% |
| Minnesota | $219,066 | 36% |
| Oregon | $218,894 | 36% |
| District of Columbia | $215,974 | 37% |
| New Jersey | $215,974 | 37% |
| New York | $215,459 | 37% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Cash Five tax FAQ
How much tax do you pay on a Cash Five jackpot in Indiana?
On a $343,500 Cash Five jackpot taken as a lump sum, you'd pay about $90,600 in federal tax and $10,820 in Indiana state tax, leaving roughly $242,080.
Does Indiana tax Cash Five lottery winnings?
Yes — Indiana withholds about 3.15% in state tax on Cash Five winnings, on top of federal tax.
Should I take the Cash Five 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.
