Georgia lottery tax calculator
Federal tax at your 2026 bracket (up to 37%) plus a flat 4.99%. A single filer with no other income keeps $630,099.75 of a $1,000,000 prize: $320,000.25 federal and $49,900.00 Georgia tax.
Checked 2026-11-06. Sources: Georgia Department of Revenue: Important tax updates; Georgia Employer's Withholding Tax Guide 2026.
Federal tax at 2026 rates plus Georgia's state tax and withholding. Enter the amount you receive this year: the cash option, or one annuity payment.
21+ in most states. If gambling stops being fun, free confidential help is available 24/7: call or text 1-800-GAMBLER (National Council on Problem Gambling).
How Georgia taxes lottery prizes
- Georgia's income tax for 2026 is a flat 4.99%.
- The Georgia standard deduction for 2026 is $15,000 for single filers and $30,000 for married couples filing jointly.
The Georgia Lottery withholds 4.99% of the total amount won on prizes over $5,000.
Take-home by prize size in Georgia
| Prize | Federal tax | GA tax | Withheld at claim | Take-home |
|---|---|---|---|---|
| $10,000.00 | $0.00 | $499.00 | $2,899.00 | $9,501.00 |
| $100,000.00 | $13,170.00 | $4,990.00 | $28,990.00 | $81,840.00 |
| $1,000,000.00 | $320,000.25 | $49,900.00 | $289,900.00 | $630,099.75 |
| $10,000,000.00 | $3,650,000.25 | $499,000.00 | $2,899,000.00 | $5,850,999.75 |
| $100,000,000.00 | $36,950,000.25 | $4,990,000.00 | $28,990,000.00 | $58,059,999.75 |
Single filer, no other income, federal standard deduction and 2026 brackets. Local (city or county) taxes are not included.
Questions
How much tax do you pay on lottery winnings in Georgia?
Federal tax at your 2026 bracket (up to 37%) plus a flat 4.99%. A single filer with no other income keeps $630,099.75 of a $1,000,000 prize: $320,000.25 federal and $49,900.00 Georgia tax.
Does Georgia withhold state tax from lottery prizes?
The Georgia Lottery withholds 4.99% of the total amount won on prizes over $5,000.
Is the 24% federal withholding the whole federal tax?
No. It is a down payment. Large prizes fall mostly into the 37% bracket, so the rest is due when you file.
Georgia sources
Checked 2026-11-06. Other states: Pennsylvania, Michigan, California, Illinois, Texas, Arizona, Virginia, Oregon, Florida, Wisconsin, Massachusetts, Colorado.
Sources
- Rev. Proc. 2025-32, section 4.01 (2026 tax rate tables) and 4.14 (standard deduction)
- IRS proposed §1.165-10, Internal Revenue Bulletin 2026-19 (90% wagering loss limit, P.L. 119-21 §70114)
- Instructions for Forms W-2G and 5754 (Rev. January 2026)
- IRS Topic no. 419, Gambling income and losses
Checked 2026-11-06. The 90% rule is law (P.L. 119-21); the IRS regulation implementing it is still proposed. Bills to restore the 100% deduction have been introduced in Congress but not passed. This is an estimate for planning, not tax advice; a tax professional can check your full return.