Enter your annual installment and how many payments remain.
Gross remaining installments
After 24% federal withholding
Lump sum range if sold
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Withholding shown is the 24% federal rate on large prizes; your final tax depends on your bracket and state. The sale range brackets 10% to 18% effective discount rates - real offers typically land toward the lower end. A lump sum from a sale keeps the same tax character as the installments it replaces.
Free, no obligation, court-approved process handled for you
Quick Answer
How Lottery Payout Math Works
Installment prizes pay over decades, so their value today is less than their face total - that is why the advertised jackpot is so much larger than the cash option. This tool applies the same present value math buyers use, bracketed between a favorable 10% and a realistic 18% effective rate. Lottery payment sales are completed through a court-approved assignment, and quotes from our funding partner disclose the exact rate in writing. See how lottery winnings are taxed and your state's lottery page for specifics.