Lottery winnings · Georgia

Georgia lottery tax calculator

Georgia taxes lottery winnings as ordinary income at its flat 4.99%, after the same allowance or deduction that applies to wages.

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Lump sum: enter the cash option, not the advertised jackpot. Annuity: enter one year's payment.

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The prize is stacked on top of this. It decides which bracket the winnings land in — and whether the 24% withheld was too much or too little.

What you keep after taxes

$37,155

25.7% of the prize goes in tax · top federal rate 22.0%

Prize
$50,000
Federal income tax on it
−$10,350
Georgia income tax on it
−$2,495
You keep
$37,155

The cheque at claim

Federal withheld (24.0% — proceeds over $5,000)
−$12,000
Georgia withheld (rule not transcribed yet)
Cheque
$38,000
More was withheld than you owe. About $1,650 comes back as a refund when you file.

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At the counter

What is withheld in Georgia

Federal first, everywhere: on proceeds over $5,000 the payer withholds 24% of the whole amount — not the part over the line — and reports it on Form W-2G. That is a prepayment. The tax is settled on your return.

Georgia may also withhold state tax at the counter on larger prizes. That rule has not yet been transcribed from the state's own source, so the calculator shows the Georgia tax you will owe and leaves the at-claim line blank rather than guess.

Worked amounts

Three prizes, cheque and bill

Withholding at claim and tax owed on three prize amounts in Georgia
PrizeCheque at claimFederal taxGeorgia taxYou keep
$10,000$7,600*−$1,550−$499$7,951
$100,000$76,000*−$22,114−$4,990$72,896
$1,000,000$760,000*−$337,180−$49,900$612,920

Single filer with $60,000 of other income for the year. * Federal withholding only — the Georgia at-claim rule has not been transcribed, so the real cheque may be smaller.

Questions

How much tax is taken from lottery winnings in Georgia?

Two layers. Federal: the payer withholds 24% on proceeds over $5,000, and the prize is then taxed on your return as ordinary income at the 2026 rates — up to 37%. State: Georgia taxes lottery winnings as ordinary income at its flat 4.99%, after the same allowance or deduction that applies to wages. Georgia may also withhold state tax at the counter on larger prizes. That rule has not yet been transcribed from the state's own source, so the calculator shows the Georgia tax you will owe and leaves the at-claim line blank rather than guess.

Does Georgia tax lottery winnings?

Georgia taxes lottery winnings as ordinary income at its flat 4.99%, after the same allowance or deduction that applies to wages.

What will the cheque be on a $100,000 prize in Georgia?

About $76,000 — the prize less $24,000 federal withholding. The tax actually owed for a single filer earning $60,000 elsewhere is about $27,104, so what you keep is $72,896. Your own figure depends on your other income and filing status.

Is the withholding the same as the tax?

No. Withholding is a prepayment at a flat rate the IRS sets for everyone. The tax is worked out on your return from your total income. If your bracket is above 24% you owe the difference in April; if it is below, the excess comes back as a refund. On a jackpot the gap is large — roughly a third of the federal tax is still owed after the 24% is taken.

Where these figures come from

Federal tax owed uses the 2026 rate schedules and standard deduction from Form 1040-ES. Georgia tax uses the same rules as our Georgia paycheck calculator. Not modelled: annuity maths, itemised deductions, local income taxes, non-resident rules. Estimates only — not tax advice.

Georgia paycheck calculator