Wisconsin lottery tax calculator
Federal tax at your 2026 bracket (up to 37%) plus graduated rates up to 7.65%. A single filer with no other income keeps $603,499.75 of a $1,000,000 prize: $320,000.25 federal and $76,500.00 Wisconsin tax.
Checked 2026-11-06. Source: Wisconsin Publication 600: Taxation of gambling income (03/26).
Federal tax at 2026 rates plus Wisconsin'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 Wisconsin taxes lottery prizes
- Wisconsin withholds at 7.65%, its top income tax rate. Its graduated rates are lower on smaller incomes, so the calculator's 7.65% on the whole prize slightly overstates tax on smaller prizes.
The Wisconsin Lottery withholds 7.65% from prizes of $2,000 or more.
Take-home by prize size in Wisconsin
| Prize | Federal tax | WI tax | Withheld at claim | Take-home |
|---|---|---|---|---|
| $10,000.00 | $0.00 | $765.00 | $3,165.00 | $9,235.00 |
| $100,000.00 | $13,170.00 | $7,650.00 | $31,650.00 | $79,180.00 |
| $1,000,000.00 | $320,000.25 | $76,500.00 | $316,500.00 | $603,499.75 |
| $10,000,000.00 | $3,650,000.25 | $765,000.00 | $3,165,000.00 | $5,584,999.75 |
| $100,000,000.00 | $36,950,000.25 | $7,650,000.00 | $31,650,000.00 | $55,399,999.75 |
Single filer, no other income, federal standard deduction and 2026 brackets; Wisconsin tax at the top rate. Local (city or county) taxes are not included.
Questions
How much tax do you pay on lottery winnings in Wisconsin?
Federal tax at your 2026 bracket (up to 37%) plus graduated rates up to 7.65%. A single filer with no other income keeps $603,499.75 of a $1,000,000 prize: $320,000.25 federal and $76,500.00 Wisconsin tax.
Does Wisconsin withhold state tax from lottery prizes?
The Wisconsin Lottery withholds 7.65% from prizes of $2,000 or more.
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.
Wisconsin sources
Checked 2026-11-06. Other states: Pennsylvania, Michigan, California, Illinois, Texas, Arizona, Virginia, Oregon, Florida, Georgia, 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.