Millionaire Raffle Tax Calculator
See what you'd really take home from a Millionaire Raffle prize after federal and Pennsylvania state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (Pennsylvania · 3.07%)
- − $30,700
- Net take-home
- $641,112
Estimate only — uses single-filer federal brackets and Pennsylvania's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Millionaire Raffle tax FAQ
How much tax do you pay on a Millionaire Raffle jackpot in Pennsylvania?
On a $1,000,000 Millionaire Raffle jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $30,700 in Pennsylvania state tax, leaving roughly $641,112.
Does Pennsylvania tax Millionaire Raffle lottery winnings?
Yes — Pennsylvania withholds about 3.07% in state tax on Millionaire Raffle winnings, on top of federal tax.
Should I take the Millionaire Raffle 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.