Your estimated tax breakdown
Advertised Jackpot
$1,800,000,000
Lump Sum Cash ValueTypically ~60% of advertised jackpot
−$720,000,000
Pre-Tax Amount
$1,080,000,000
Federal Withholding24% mandatory withholding on lottery winnings
−$259,200,000
Additional Federal Tax37% top bracket minus 24% withheld
−$140,400,000
State WithholdingArkansas — 3.9%
−$47,520,000
Estimated Take-Home
$633,000,000
You actually take home
$633M
35.2% of the advertised jackpot
Total taxes paid
$447M
64.8% of the advertised jackpot
Lump Sum vs. Annuity — Net After All Taxes
Lump Sum (one payment)
$633M
35.2% of jackpot · today
Annuity (30 annual payments)
$1.08B
60.0% of jackpot · over 29 years
Estimates only. Federal tax assumes 37% top marginal rate; 24% is withheld at time of payment and the remainder is due at filing. State withholding rates are approximate and subject to change. Lump sum cash value is estimated at 60% of advertised jackpot. Annuity total assumes full advertised amount paid over 29 years with no investment return modeled. Consult a tax professional before making financial decisions.