Virginia lottery tax calculator
Federal tax at your 2026 bracket (up to 37%) plus graduated rates up to 5.75%. A single filer with no other income keeps $622,757.25 of a $1,000,000 prize: $320,000.25 federal and $57,242.50 Virginia tax.
Checked 2026-11-06. Source: Virginia Tax: 2025 Form 760 instructions.
Federal tax at 2026 rates plus Virginia'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 Virginia taxes lottery prizes
- Virginia taxes income at 2% up to $3,000, 3% to $5,000, 5% to $17,000 and 5.75% above $17,000.
- Virginia Lottery prizes under $600 can be subtracted from Virginia taxable income.
- We could not confirm the current Virginia Lottery withholding rate on the Department of Taxation site, so the calculator does not show Virginia withholding.
Take-home by prize size in Virginia
| Prize | Federal tax | VA tax | Withheld at claim | Take-home |
|---|---|---|---|---|
| $10,000.00 | $0.00 | $370.00 | $2,400.00 | $9,630.00 |
| $100,000.00 | $13,170.00 | $5,492.50 | $24,000.00 | $81,337.50 |
| $1,000,000.00 | $320,000.25 | $57,242.50 | $240,000.00 | $622,757.25 |
| $10,000,000.00 | $3,650,000.25 | $574,742.50 | $2,400,000.00 | $5,775,257.25 |
| $100,000,000.00 | $36,950,000.25 | $5,749,742.50 | $24,000,000.00 | $57,300,257.25 |
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 Virginia?
Federal tax at your 2026 bracket (up to 37%) plus graduated rates up to 5.75%. A single filer with no other income keeps $622,757.25 of a $1,000,000 prize: $320,000.25 federal and $57,242.50 Virginia tax.
Does Virginia withhold state tax from lottery prizes?
See the rules above: we show Virginia withholding only where the state's own site confirms the rate.
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.
Virginia sources
Checked 2026-11-06. Other states: Pennsylvania, Michigan, California, Illinois, Texas, Arizona, 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.