Cash5
Latest draw · Saturday, July 4, 2026
Cash5 Tax Calculator
See what you'd really take home from a Cash5 prize after federal and Virginia state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $215,000
- Federal tax
- − $46,487
- State tax (Virginia · 5.75%)
- − $12,363
- Net take-home
- $156,151
Estimate only — uses single-filer federal brackets and Virginia's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash5 tax FAQ
How much tax do you pay on a Cash5 jackpot in Virginia?
On a $215,000 Cash5 jackpot taken as a lump sum, you'd pay about $46,487 in federal tax and $12,363 in Virginia state tax, leaving roughly $156,151.
Does Virginia tax Cash5 lottery winnings?
Yes — Virginia withholds about 5.75% in state tax on Cash5 winnings, on top of federal tax.
Should I take the Cash5 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.