Lottery Tax Calculator: How Your Winnings Are Taxed

It calculates how much money you would receive from a lump cash sum or an annuity payout after winning a Mega Millions prize The tool also

Fifth Third Bank's Lump Sum vs Annuity Payment Calculator helps you decide if receiving a lump sum of money is more beneficial than an annuity

lump sum lottery The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note

lump sum or annuity lottery Powerball® tickets must be purchased from a licensed lottery retailer If a player chooses a lump sum, the player does not receive the interest