Lotto America Jackpot Analysis

Below is an analysis of the current Lotto America jackpot, showing both the advertised Annuity and Lump Sum amounts and their ultimate worth after taking into account federal and state tax. You can also view the Lotto America annuity payout table further down, which details the amount a single winner of the jackpot would receive each year from their lucky win should they choose the annuity option.
By Alex Kiam

Current Jackpot Analysis

We've detected you're in Virginia so we've automatically applied the applicable state tax in the table below. If desired, you can change this value using the drop-down box.

Jackpot Type Annuity Cash Lump Sum
Initial Advertised Value $5,110,000.00 $3,500,000.00
Federal Tax (37%) -$1,890,700.00 -$1,295,000.00
State Tax: -$204,400.00 -$140,000.00
Final Total* $3,014,900.00 $2,065,000.00

* Please Note: In addition to federal and state tax, some cities and counties may also levy an additional local income tax, which will be applied on top of all other tax. Check with your local authority to see if this applies to you.

Lotto America Annuity Calculation Table

Jackpot winners who opt for the annuity payout will receive their winnings over a period of thirty years, with payouts increasing by 5% year-on-year. The table below shows a breakdown of the gross annuity value and the applicable federal and state tax for each year.

Year Gross Annuity Value Federal Tax (37%) State Tax (4%) Net Total
1 $76,912.83 -$28,457.75 -$3,076.51 $45,378.57
2 $80,758.47 -$29,880.64 -$3,230.34 $47,647.50
3 $84,796.40 -$31,374.67 -$3,391.86 $50,029.88
4 $89,036.22 -$32,943.40 -$3,561.45 $52,531.37
5 $93,488.03 -$34,590.57 -$3,739.52 $55,157.94
6 $98,162.43 -$36,320.10 -$3,926.50 $57,915.83
7 $103,070.55 -$38,136.10 -$4,122.82 $60,811.63
8 $108,224.08 -$40,042.91 -$4,328.96 $63,852.21
9 $113,635.28 -$42,045.06 -$4,545.41 $67,044.82
10 $119,317.05 -$44,147.31 -$4,772.68 $70,397.06
11 $125,282.90 -$46,354.67 -$5,011.32 $73,916.91
12 $131,547.05 -$48,672.41 -$5,261.88 $77,612.76
13 $138,124.40 -$51,106.03 -$5,524.98 $81,493.39
14 $145,030.62 -$53,661.33 -$5,801.22 $85,568.06
15 $152,282.15 -$56,344.40 -$6,091.29 $89,846.47
16 $159,896.26 -$59,161.61 -$6,395.85 $94,338.79
17 $167,891.07 -$62,119.70 -$6,715.64 $99,055.73
18 $176,285.62 -$65,225.68 -$7,051.42 $104,008.52
19 $185,099.90 -$68,486.96 -$7,404.00 $109,208.94
20 $194,354.90 -$71,911.31 -$7,774.20 $114,669.39
21 $204,072.64 -$75,506.88 -$8,162.91 $120,402.86
22 $214,276.28 -$79,282.22 -$8,571.05 $126,423.00
23 $224,990.09 -$83,246.33 -$8,999.60 $132,744.15
24 $236,239.59 -$87,408.65 -$9,449.58 $139,381.36
25 $248,051.57 -$91,779.08 -$9,922.06 $146,350.43
26 $260,454.15 -$96,368.04 -$10,418.17 $153,667.95
27 $273,476.86 -$101,186.44 -$10,939.07 $161,351.35
28 $287,150.70 -$106,245.76 -$11,486.03 $169,418.92
29 $301,508.24 -$111,558.05 -$12,060.33 $177,889.86
30 $316,583.65 -$117,135.95 -$12,663.35 $186,784.35
TOTALS $5,110,000.00 -$1,890,700.00 -$204,400.00 $3,014,900.00