Is the 24% federal withholding the full tax I owe?

No. A large prize pushes you into the 37% federal bracket, so the 24% withheld at payout is only a down payment. The balance is due when you file, which is why big winners often owe again in April.

Can I deduct lottery ticket costs in Connecticut?

Not on your Connecticut return. Connecticut does not allow a deduction for gambling losses against winnings, so the full prize is taxed at 6.99% even if you spent heavily on tickets.

All free calculators

Free calculator — no sign-up

CT Lottery Tax Calculator

Enter your Connecticut Lottery prize to see the 6.99% state tax, the federal bill, what gets withheld at the counter, and what you actually keep.

Your prize

Prize amount (USD)

Payout option

Other annual income (USD)

Your Connecticut take-home

Enter a prize amount to see your payout after tax.

Estimate only, using 2026 single-filer federal brackets and Connecticut's flat 6.99% rate. Annuity mode divides the advertised prize into 30 equal payments and taxes one year. Not tax advice.

Worked example: a $100,000 CT Lottery prize

You earn $65,000 at work and hit a $100,000 Connecticut Lottery prize, taken as a lump sum.

At the counter: the CT Lottery withholds 24% federal ($24,000) and 6.99% state ($6,990), so you walk away with about $69,010.
At filing: the prize stacks on your salary and lands mostly in the 24% bracket, so your final federal tax on the prize is roughly $25,000 — a few thousand more than what was withheld.
Connecticut: the flat 6.99% is already covered by the $6,990 withheld, and CT allows no deduction for ticket costs.
Bottom line: around $68,000 kept, with a small balance due in April rather than a refund.

Connecticut lottery tax questions

How much tax does Connecticut take on lottery winnings?

A flat 6.99%, withheld by the CT Lottery on prizes of $5,000 or more, on top of 24% federal withholding at the same threshold.

Is the 24% federal withholding the full bill?

No. Large prizes reach the 37% federal bracket, so the withheld 24% is a down payment and the rest is due when you file.

Can I deduct ticket costs in Connecticut?

Not on the CT return — Connecticut does not allow gambling losses against winnings, so the full prize is taxed at 6.99%.

Comparing states or payout options? See lottery tax by state, the lump sum vs annuity guide, or the general lottery tax calculator.

Premium dashboard

This tool forgets. Your ledger shouldn't.

Numbers here disappear when you close the tab. The premium dashboard keeps your full betting history safe, tax-ready and available anywhere you sign in.

Unlimited sessions, synced across every device
Automatic backup — nothing lost if you clear your browser
Year-end tax summary with winnings, losses and ATM fees
CSV and PDF exports your accountant can file from
Bankroll charts, venue performance and streak tracking

Start 7-day free trial Cancel anytime

Sample premium dashboard

Your real numbers, tracked all year and ready at tax time.

Free 2026 Gambling Tax Checklist

Get the exact steps to organize your W-2G, 1099, and loss records before you file.