Illinois lottery tax calculator
Federal tax at your 2026 bracket (up to 37%) plus a flat 4.95%. A single filer with no other income keeps $630,499.75 of a $1,000,000 prize: $320,000.25 federal and $49,500.00 Illinois tax.
Checked 2026-11-06. Sources: Illinois Department of Revenue: Income tax rates; Illinois Publication 130 (February 2026).
Federal tax at 2026 rates plus Illinois'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 Illinois taxes lottery prizes
- Illinois taxes individual income at a flat 4.95%.
- Lottery withholding applies per payment, even if several people share the ticket and each share is under $1,000.
Illinois withholds 4.95% from each single payment of Illinois Lottery winnings of $1,000 or more, for residents and nonresidents.
Take-home by prize size in Illinois
| Prize | Federal tax | IL tax | Withheld at claim | Take-home |
|---|---|---|---|---|
| $10,000.00 | $0.00 | $495.00 | $2,895.00 | $9,505.00 |
| $100,000.00 | $13,170.00 | $4,950.00 | $28,950.00 | $81,880.00 |
| $1,000,000.00 | $320,000.25 | $49,500.00 | $289,500.00 | $630,499.75 |
| $10,000,000.00 | $3,650,000.25 | $495,000.00 | $2,895,000.00 | $5,854,999.75 |
| $100,000,000.00 | $36,950,000.25 | $4,950,000.00 | $28,950,000.00 | $58,099,999.75 |
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 Illinois?
Federal tax at your 2026 bracket (up to 37%) plus a flat 4.95%. A single filer with no other income keeps $630,499.75 of a $1,000,000 prize: $320,000.25 federal and $49,500.00 Illinois tax.
Does Illinois withhold state tax from lottery prizes?
Illinois withholds 4.95% from each single payment of Illinois Lottery winnings of $1,000 or more, for residents and nonresidents.
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.
Illinois sources
Checked 2026-11-06. Other states: Pennsylvania, Michigan, California, Texas, Arizona, Virginia, Oregon, Florida, Georgia, 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.