Lottery Tax in Illinois
State tax rate: 5.0% on lottery winnings.
State Tax Rate
5.0%
Federal Top Rate
37%
Combined Effective
41.9%
After-Tax Payout Examples
| Jackpot | Cash Option | Federal Tax | State Tax | Net Payout |
|---|---|---|---|---|
| $100M | $60.0M | -$22.2M | -$3.0M | $34.9M |
| $500M | $300.0M | -$111.0M | -$14.8M | $174.2M |
| $1B | $600.0M | -$222.0M | -$29.7M | $348.3M |
No-Tax Comparison
On a $500M jackpot, winning in a no-tax state (CA, FL, TX, etc.) would save you $14.8M compared to Illinois. States with no lottery tax: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.
For custom jackpot amounts and annuity vs. lump sum comparison, use our Lottery Payout Calculator.