Calculate Your Sweepstakes & Lottery Taxes
Wondering how much you’ll actually take home from a lottery or sweepstakes prize? This calculator helps you:
Calculate federal (24% flat rate) and state taxes on your winnings
Adjust for tax filing status (Single or Married)
Include other income (optional) for more accurate estimates
See a visual breakdown of taxes vs. net payout
Simply enter your details, and the tool instantly shows your net winnings after deductions. Perfect for Powerball, Mega Millions, or contest prizes!
2025 Lottery & Sweepstakes Tax Calculator
Estimate your net payout after federal and state taxes based on your prize amount, location, and filing status
Deductions
Tax Breakdown
Important Disclaimers & Tax Considerations
This calculator provides estimates based on 2025 tax rates and regulations. Federal tax calculations incorporate progressive tax brackets that vary based on filing status and total income. State tax rates vary by jurisdiction, with some states having progressive tax systems while others use flat rates or exempt lottery winnings entirely.
Actual tax liability may differ due to specific deductions, credits, local taxes, and changes in tax laws. For prizes over $5,000, the IRS requires a 24% federal withholding, but your actual rate may differ when filing your annual return. States with progressive tax rates (CA, NY, etc.) calculate based on marginal rates.
This tool does not constitute financial or tax advice. Consult a qualified tax professional for personalized guidance, especially for large prizes or complex financial situations.
Results are for informational purposes only. Always review official lottery rules and IRS guidelines.
Also check out our Sweepstakes Odds Calculator.
