Lottery Payout Calculator
Did you get lucky and win the lottery?! Well this lottery payout calculator is the right thing for you. In a few simple steps you can calculate how much will be taken for taxes and what your final earnings will be. This lottery payout calculator is able to work in any state.
After three minutes or less of looking at your winnings stub, you will find your calculated earnings in this lottery payout calculator.
First enter the amount you have won in the Total amount Annuitized. Please don't use any commas here.
Following that, add the length of annuity, if you are getting a cash payout, just use the number one for here.
Enter in the amount of taxes that will be withheld for your winnings next.
Click the CALCULATE button.
Below the calculate button, your earnings and taxes withheld will be shown starting with annual amount payout without your taxes taken.
After this will show your annual tax amount from your total. This should subtract from the above box and give you the total of annual take home amount in the box below.
The next box is the cash payout amount before taxes and below this is the cash take home amount after taxes are withheld.