Gambling winnings tax calculator
Won at a casino, on a bet, in a raffle or the lottery? Enter the amount and your other income to estimate the federal tax, how much more you may owe beyond the 24% withheld, state tax and what you keep.
Winnings
$50,000
before tax
Take-home
$38,936
after about 22.1% tax
Total tax
$11,064
Federal $11,064 + state $0
Tax breakdown
Your top federal rate on this win: 24%. The lottery withholds only 24%, so a large jackpot usually means a large bill on top.
An estimate for educational use, using 2026 US federal brackets and the standard deduction, with the win taxed as ordinary income on top of the income you enter. It ignores deductions, credits, the alternative minimum tax, local taxes you do not enter and trusts. Pools, gifts and estate tax change the picture. Talk to a tax professional before you claim a large prize.
How gambling winnings are taxed in the US
Gambling winnings are taxable income in the United States: lottery prizes, casino jackpots, sports bets, raffles and prize draws all count. There is no special rate. The winnings are added to your other income and taxed at your ordinary rates, from 10% up to 37%. Payers must report certain winnings to the IRS on Form W-2G and withhold 24% federal tax from large prizes, such as lottery and raffle winnings over $5,000. Smaller wins are still taxable even if no form is issued.
Most states also tax gambling winnings at their ordinary income rate. Some states, including Texas, Florida, Washington, Nevada, South Dakota, Tennessee, Wyoming, Alaska and New Hampshire, have no state tax on this kind of income.
What the calculator does
- 1Adds your winnings to the other income you enter.
- 2Applies the 2026 federal standard deduction and tax brackets for your filing status.
- 3Compares your real federal tax with the 24% that may have been withheld.
- 4Adds state tax at the rate you enter.
Estimate only. It ignores deductions, credits and other tax situations. Keep records of wins and losses and ask a tax professional.
Losses, records and common mistakes
- Gambling losses can be deducted only if you itemise, and only up to your winnings, with records to prove them. Recent tax legislation limits the deduction to 90% of losses starting with the 2026 tax year.
- Keep a log: date, game, place, amount won and lost, and any statements or tickets.
- Winnings paid in crypto are valued at the dollar value on the day you receive them.
- A win below the reporting threshold is still taxable income.
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CryptoDrawz: a weekly draw with 90% paid out.
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Frequently asked questions
How much tax do you pay on gambling winnings?
They are taxed as ordinary income at your federal bracket, from 10% to 37%, plus state tax in most states. Large prizes have 24% federal tax withheld.
Do I have to report small gambling wins?
Winnings are taxable income even below the thresholds that trigger a form.
Can I deduct gambling losses?
Only if you itemise, up to your winnings, with records, and limited to 90% of losses from 2026.
Which states have no tax on gambling winnings?
Texas, Florida, Washington, Nevada, South Dakota, Tennessee, Wyoming, Alaska and New Hampshire have no state income tax on them.