Hot Lotto
Latest draw · Saturday, October 28, 2017
Hot Lotto Tax Calculator
See what you'd really take home from a Hot Lotto prize after federal and MultiState Lottery state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (MultiState Lottery · 0%)
- − $0
- Net take-home
- $671,812
🎉 MultiState Lottery doesn't tax lottery winnings — you only pay federal tax on your Hot Lotto prize.
Estimate only — uses single-filer federal brackets and MultiState Lottery's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Hot Lotto tax FAQ
How much tax do you pay on a Hot Lotto jackpot in MultiState Lottery?
On a $1,000,000 Hot Lotto jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and no MultiState Lottery state tax, leaving roughly $671,812.
Does MultiState Lottery tax Hot Lotto lottery winnings?
No — MultiState Lottery does not tax lottery winnings, so you only pay federal tax on a Hot Lotto prize.
Should I take the Hot 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.