New York Lottery Tax Calculator

Calculate your lottery winnings after taxes in New York. Get estimated federal and New York tax estimates for your winnings.

Last updated: June 15, 2025

New York Lottery Winnings Tax Calculator

Our calculator provides instant estimates of your after-tax lottery winnings in New York based on 2025 federal and state tax rates. Enter your details below to see how much you'll actually keep after taxes are withheld.

New York has a 10.90% tax rate on lottery winnings.

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Your New York Tax Breakdown

Enter your details to calculate your after-tax winnings

All calculations are instant and secure

new york Lottery Tax Info

New York has a 10.90% state tax on lottery winnings in addition to federal taxes.

New York Lump Sum Lottery Tax Information

Use our New York lottery tax calculator to estimate your after-tax winnings. Federal taxes apply at a 24% withholding rate only if your winnings exceed $5,000. Additionally, we calculate New York state taxes based on current tax rates. Get a clear estimate of your final take-home amount after deductions.

New York Lottery Tax Facts

  • State Tax Rate: 10.90%
  • Tax Form Required: W-2G for lottery winnings over $600, and additional state forms may be required
  • Federal Tax Rate: 24% federal withholding for winnings over $5,000
  • Lump Sum Payment: One-time payment, typically worth about 60% of the advertised jackpot amount before taxes

How to Calculate Taxes on New York Lump Sum Lottery Winnings

Our calculator simplifies tax estimation in three easy steps:

1Select New York as Your State

Choose New York to calculate applicable federal and New York state taxes.

2Choose Lump Sum Payout

Select lump sum to see how your winnings are taxed all at once.

3Enter Your Winnings Amount

Input your total winnings and click 'Calculate After-Tax Winnings'to see your estimated after-tax payout.

Why Use Our New York Lump Sum Lottery Tax Calculator?

  • State-Specific Tax Estimates: Includes New York state taxes alongside federal withholding.
  • Instant Net Winnings Calculation: Get a quick estimate of your after-tax take-home amount.
  • Compare Lump Sum Payouts: See how tax treatment differs between payment options.
  • Updated for 2025 Tax Rates: Our calculator reflects the latest federal and New York state tax rates.
  • Completely Free & Easy to Use: No sign-up required—just enter your winnings and get instant results.

New York Lottery Tax FAQs

Does this calculator include local taxes for New York?

This calculator includes federal and New York state tax rates but does not account for local taxes, which may vary by city or county.

How accurate is the calculator for New York?

This calculator provides an estimate based on federal tax withholding and both federal and state tax rates in ${state}. Your actual tax liability may vary depending on total income, deductions, and filing status.

What happens if I win the lottery in New York but live in another state?

If you win the lottery in New York but live elsewhere, you may owe taxes in both New York and your home state. Tax treaties between states may apply in some cases.

How does winning the lottery in New York affect my tax bracket?

Lottery winnings are considered taxable income and could push you into a higher federal tax bracket. In New York, you may also owe state taxes if applicable.

Are lottery winnings in New York considered earned income?

No, lottery winnings are classified as ordinary income, not earned income. This distinction is important for tax deductions and eligibility for government programs.

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Disclaimer

The content provided by Lottery Valley is for informational purposes only and is not intended to serve as tax, legal, or accounting advice. We recommend consulting a qualified tax professional, attorney, or accountant for personalized guidance regarding your federal and state tax obligations. If you come across any inaccuracies or have corrections to share, please contact us at hello@lotteryvalley.com