GEORGIA LOTTERY TAX · TAX YEAR 2026
Georgia lottery tax calculator
Georgia taxes lottery winnings as income, at its flat 4.99% rate. On a $1,000,000 prize with $75,000 of wages, a single filer owes $49,900 of Georgia tax and $340,080 of federal income tax, $389,980 in all, and keeps $610,020.
Tax on your prize
- Total tax on the prize
- $389,980.25
- Federal income tax
- $340,080.25
- Georgia tax
- $49,900.00
- After-tax prize
- $610,019.75
- Effective rate
- 39.00%
- Federal withholding at 24%
- $240,000.00
- Georgia withholding at 4.99% (2026)
- $49,900.00
- Still owed at tax time
- $100,080.25
Georgia tax by size of prize
What a single filer with $75,000 of wages owes on a prize, and what Georgia withholds from it.
| Prize | Federal tax | State tax | State withholding |
|---|---|---|---|
| $10,000 | $2,200 | $499 | $499 |
| $100,000 | $23,064 | $4,990 | $4,990 |
| $1 million | $340,080 | $49,900 | $49,900 |
| $10 million | $3,670,080 | $499,000 | $499,000 |
Georgia lottery tax questions
Does Georgia tax lottery winnings?
Yes. Georgia taxes lottery winnings as income, at its flat 4.99% rate.
How much tax is due on a $1,000,000 lottery prize in Georgia?
A single filer with $75,000 of wages owes $340,080 of federal income tax and $49,900 of Georgia tax on a $1,000,000 prize, $389,980 in all, and keeps $610,020. On a $100,000 prize, Georgia tax is $4,990 and federal tax $23,064.
How much is withheld from a Georgia lottery prize?
Georgia withholds 4.99% for state tax and 24% for federal tax from a prize over $5,000. On a $1,000,000 prize, $289,900 is withheld against $389,980 of tax, leaving $100,080 to pay at tax time.
What the calculator leaves out
- Nonresidents also owe Georgia tax on Georgia Lottery winnings.
Federal tax stacks the prize on wages after the 2026 standard deduction and taxes it at the ordinary brackets. Withholding treats the whole prize as winnings, though the IRS tests winnings minus the wager. The calculator takes the cash received this year: a lump sum is taxed in full the year it is paid, and annuity payments are taxed each year as they are received. Gambling losses are left out; only filers who itemize can deduct them, and from 2026 only up to 90% of losses. Tax another state may charge on a ticket bought there is left out.
Sources
- IRS Topic 419, Gambling income and losses
- IRS Instructions for Forms W-2G and 5754
- IRS Publication 505 (2026), Tax Withholding and Estimated Tax
- IRS Revenue Procedure 2025-32: 2026 tax brackets
- Georgia Lottery: player FAQs
- Georgia Department of Revenue: residency filing requirements
- Georgia DOR 2026 Employer's Tax Guide: HB 463 rate and deductions