Florida Lottery Tax Calculator
Great news! Florida does not tax lottery winnings. You only pay federal taxes.
Florida has no state lottery tax
Florida is one of nine states that do not impose state income tax on lottery winnings. Winners only owe federal taxes — up to 37% at the highest bracket.
Florida lottery winners pay only federal income tax. The IRS withholds 24% on prizes over $5,000, and your final federal bill may reach 37% based on your total annual income.
Enter Your Winnings
Lump sum is approximately 55% of the advertised jackpot
Your estimated take-home winnings
$387,953
After 29.46% effective tax rate
Tax Breakdown
Cash value before taxes
Winnings Distribution
Frequently Asked Questions — Florida Lottery Taxes
How much tax do I pay on a $1 million lottery win in Florida?
On a $1 million lottery win in Florida, you would choose between the lump sum (approximately $550,000 cash value) or annuity payments totaling $1 million over 29 years. For the lump sum, the federal government withholds 24% upfront ($132,000), and Florida collects no state tax. Your estimated take-home lump sum would be approximately $418,000 before accounting for your total annual income, which could push you into a higher federal bracket.
Does Florida tax lottery winnings?
No. Florida does not impose a state income tax on lottery winnings. Winners in Florida only owe federal income taxes on their prizes. The federal government withholds 24% on prizes over $5,000 and the top federal marginal rate is 37%.
What is the lottery tax rate in Florida?
In Florida, there is no state income tax on lottery winnings (0% state rate). The only tax owed is federal: 24% is withheld upfront on prizes over $5,000, and the total federal tax can reach 37% for the highest earners. The maximum total tax rate on lottery winnings in Florida is 37%.
Lottery Tax in Florida
Florida is one of nine states that do not impose a state income tax on lottery winnings. If you win a lottery prize in Florida, you will only pay federal income taxes. The federal government withholds 24% upfront on winnings over $5,000, and your total federal tax liability may be up to 37% depending on your total annual income.
Florida Lottery — Key Facts for Winners
Florida has no state income tax. Combined with its large population of lottery players, Florida is one of the best states to win the lottery from a tax perspective. The Florida Lottery generates significant revenue for education, and winners take home more because they face only federal withholding — no state taxes are deducted from their prize.
Tax Sources & References
Federal withholding rates are based on IRS Topic No. 419 — Gambling Income and Losses. State tax rates are sourced from each state's department of revenue. Official Florida lottery rules and prize information are published on the Florida Lottery official website.
Disclaimer
This calculator provides estimates only and does not constitute tax advice. Actual tax amounts may vary based on your individual circumstances, deductions, and other income. Please consult a qualified tax professional for advice specific to your situation.