New York Lottery Tax Calculator
See what you'd actually keep from a New York lottery prize after federal and state taxes — New York withholds up to 10.9%, plus federal tax.
New York lottery take-home by jackpot size
Estimated net take-home after federal + 10.9% New York state tax.
| Advertised jackpot | Lump-sum take-home | Annuity total (30 yrs) | Effective tax |
|---|---|---|---|
| $1,000,000 | $562,812 | $777,960 | 44% |
| $10,000,000 | $5,251,812 | $6,298,757 | 47% |
| $100,000,000 | $52,141,812 | $53,354,367 | 48% |
| $500,000,000 | $260,541,812 | $261,754,368 | 48% |
Estimates use single-filer federal brackets and New York's top lottery-withholding rate. Actual tax depends on your total income, filing status, deductions and residency. Not tax advice.
How New York lottery winnings are taxed
Lottery prizes are taxable income. Every winner pays federal tax — the IRS withholds 24% up front, and the true rate climbs to 37% on large prizes. On top of that, New York taxes lottery winnings at up to 10.9%. Taking the prize as a lump sum is taxed all in one year (pushing more into the top bracket); a 30-year annuity spreads the income out.
See the latest New York lottery results and games →
New York lottery tax FAQ
Does New York tax lottery winnings?
Yes. New York taxes lottery winnings at up to 10.9%, on top of federal tax (progressive, up to 37%).
How much tax do you pay on a $1 million New York lottery prize?
On a $1,000,000 New York prize taken as a lump sum, you'd owe roughly $437,188 in combined federal and state tax (about 44%), leaving about $562,812 take-home.
Is it better to take a lump sum or annuity in New York?
A lump sum gives you the discounted cash value now; a 30-year annuity pays the full advertised jackpot in equal yearly installments. Either way New York's 10.9% state rate and federal tax apply; the annuity can keep more of each year's payment in lower brackets. Use the calculator above to compare.