Lotto America Jackpot Analysis

Below is a jackpot analysis for the current grand prize in Lotto America. The tax calculator allows you to easily see how much you would be due if you won. You can also view the Lotto America annuity payout table further down, which shows how much you would receive each year if you chose to take annual payments for 30 years rather than the cash lump sum.

Current Jackpot Analysis

The table to the right shows the annuity value and the cash value of the current jackpot. You can see how it is affected by tax and what it would ultimately be worth as a final payout. Select the state where you purchased your ticket and the rate of federal tax that would apply to you. This will be the top rate of 37 percent if you want to take the cash sum and have no major reductions to your taxable income.

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 $24,110,000.00 $12,790,000.00
Federal Tax: -$5,786,400.00 -$3,069,600.00
State Tax: -$964,400.00 -$511,600.00
Final Total* $17,359,200.00 $9,208,800.00

* Please Note: Your prize may also be subject to other local taxes at a city or county level. You should check with your local authority to see if this applies to you.

Lotto America Annuity Calculation Table

The Lotto America jackpot is always worth at least $2 million and you can choose to take this as a series of 30 annual payments rather than a lump sum, although most winners prefer the cash option.

The annuity calculator below shows you how much you would receive if you were the only winner of the current jackpot and opted for the annuity. The jackpot is split if there are multiple winners, but it can also grow way beyond $2 million. In March 2018, the grand prize reached $22.8 million before being won by Debbie Kujava from the town of Badger in Minnesota.

Year Gross Annuity Value Federal Tax (24%) State Tax (4%) Net Total
1 $362,890.10 -$87,093.62 -$14,515.60 $261,280.87
2 $381,034.60 -$91,448.31 -$15,241.38 $274,344.92
3 $400,086.34 -$96,020.72 -$16,003.45 $288,062.16
4 $420,090.65 -$100,821.76 -$16,803.63 $302,465.27
5 $441,095.18 -$105,862.84 -$17,643.81 $317,588.53
6 $463,149.94 -$111,155.99 -$18,526.00 $333,467.96
7 $486,307.44 -$116,713.79 -$19,452.30 $350,141.36
8 $510,622.81 -$122,549.48 -$20,424.91 $367,648.43
9 $536,153.95 -$128,676.95 -$21,446.16 $386,030.85
10 $562,961.65 -$135,110.80 -$22,518.47 $405,332.39
11 $591,109.73 -$141,866.34 -$23,644.39 $425,599.01
12 $620,665.22 -$148,959.65 -$24,826.61 $446,878.96
13 $651,698.48 -$156,407.64 -$26,067.94 $469,222.91
14 $684,283.41 -$164,228.02 -$27,371.34 $492,684.05
15 $718,497.58 -$172,439.42 -$28,739.90 $517,318.25
16 $754,422.45 -$181,061.39 -$30,176.90 $543,184.17
17 $792,143.58 -$190,114.46 -$31,685.74 $570,343.38
18 $831,750.76 -$199,620.18 -$33,270.03 $598,860.54
19 $873,338.29 -$209,601.19 -$34,933.53 $628,803.57
20 $917,005.21 -$220,081.25 -$36,680.21 $660,243.75
21 $962,855.47 -$231,085.31 -$38,514.22 $693,255.94
22 $1,010,998.24 -$242,639.58 -$40,439.93 $727,918.73
23 $1,061,548.15 -$254,771.56 -$42,461.93 $764,314.67
24 $1,114,625.56 -$267,510.13 -$44,585.02 $802,530.40
25 $1,170,356.84 -$280,885.64 -$46,814.27 $842,656.93
26 $1,228,874.68 -$294,929.92 -$49,154.99 $884,789.77
27 $1,290,318.42 -$309,676.42 -$51,612.74 $929,029.26
28 $1,354,834.34 -$325,160.24 -$54,193.37 $975,480.72
29 $1,422,576.05 -$341,418.25 -$56,903.04 $1,024,254.76
30 $1,493,704.86 -$358,489.17 -$59,748.19 $1,075,467.50
TOTALS $24,110,000.00 -$5,786,400.00 -$964,400.00 $17,359,200.00