Current National Jackpots
Millionaire for Life After-Tax Calculator
Calculate your estimated take-home winnings for Millionaire for Life after federal, state, and local taxes.
Current Jackpot
$1.0M
Cash Value
$18.0M
Next Drawing
Fri, May 1
Lottery After-Tax Calculator
Estimate your real take-home prize
Enter the actual lump sum cash option amount offered by your state lottery.
Lottery tax calculations are estimates only and may not reflect your final tax liability. This website does not provide legal, tax, financial, or investment advice. Always consult a qualified CPA, lottery attorney, estate attorney, and fiduciary financial advisor before claiming a prize.
Payment Options
Top Prize
$1,000,000/yr
For life (min. 20 years guaranteed)
Second Prize
$25,000/yr
For life
Lifetime Value Assumptions
The total value of "for life" payments depends on the winner's lifespan. A 40-year-old winner could potentially receive 40+ years of payments, while a 65-year-old might receive closer to the 20-year minimum guarantee.
20 Years (Minimum)
$20,000,000
30 Years
$30,000,000
40 Years
$40,000,000
Millionaire for Life Details
Drawing Schedule
Varies by state
Jackpot Odds
Varies