Gambling Winnings Tax Calculator — Estimate Your Jackpot Net Payout for Free
Hitting a jackpot at an online casino comes with tax obligations, just like any other gambling winnings. Using a gambling winnings tax calculator, you can pre-calculate the approximate taxes on your jackpot to better understand your net payout.
Gambling Tax Calculator
Federal Tax Liability
$0State Tax Liability
$0Total Tax Owed
$0
You Keep From Your Gambling Winnings
$0Disclaimer
- The calculator is intended for casual gamblers who aren't in the trade or business of gambling. Professional gamblers may be subject to different taxation rules. Gambling winnings are fully taxable and must be reported on your tax return. This includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos, as well as both cash winnings and the fair market value of prizes (e.g., cars, trips).
- The following factors and variables are not accounted for by the calculator:
- The tax treatment of gambling winnings may vary depending on the type of gambling.
- The calculations are based primarily on the data you input, such as adjusted gross income, total gambling winnings and losses, and itemized deductions.
- The calculator accounts for only certain selected standard deductions and personal exemptions based on your filing status. It also assumes you are eligible for the standard deduction based on the filing status you entered; however, eligibility may be subject to meeting certain requirements.
- For state income tax purposes, the calculator assumes that all of your income is taxable in the indicated state. However, note that multiple states may claim the right to tax your income depending on its source.
- The calculator does not account for any potential state or local tax refunds, credits, or offsets you may be eligible for (e.g., foreign tax credits, child and dependent care credits, educational credits).
- The calculator does not account for any local taxes or charges.
- The calculations are based on federal income tax rates and certain standard deductions as of January 2025, as well as state income tax rates and select exemptions from the Tax Foundation
- Please note that eligibility for certain tax deductions, credits, exemptions, and other benefits depends on meeting specific requirements and providing the necessary supporting documentation (including those relating to gambling losses).
- The calculator is not designed to account for all the specific facts and circumstances of each individual's tax situation. An individual's tax liability on gambling winnings will depend on their unique circumstances, including specific taxable income and deductible expenses.
- Please note that in certain cases, the gambling establishment may withhold a portion of your winnings for tax purposes. The amount withheld will depend on factors such as the type of gambling, the size of the winnings, and applicable federal or state tax laws. This withholding is a prepayment of your potential tax liability and may not represent the total tax owed. You are still required to report all gambling winnings on your tax return and may be subject to additional tax based on your overall tax situation. It is your responsibility to ensure that you comply with all relevant tax obligations.
- This calculator is intended for general informational and entertainment purposes only. It is not a substitute for financial, tax, or legal advice. The results provided by the calculator are estimates and should not be relied upon to determine the actual tax you owe to any federal, state, or local tax authority. Your actual tax liability depends on your individual tax situation, including specific income and expenses. You are responsible for seeking advice from a qualified tax professional.
Pennsylvania
Gambling winnings in Pennsylvania are subject to a flat state income tax rate of 3.07%, with no personal exemptions applied.
At the federal level, winnings are taxed as ordinary income based on 2025 income tax brackets, and gambling losses can be deducted up to the amount of winnings if itemizing deductions.
Standard deductions for 2025 are $15,000 for single filers, $30,000 for married filing jointly, and $22,500 for heads of households, with additional federal deductions of $2,000 for single filers or heads of households aged 65 or older, or blind.
West Virginia
West Virginia taxes gambling winnings at progressive rates from 2.2% to 4.82% for 2025, with personal exemptions of $2,000 for single filers or $4,000 for married filing jointly.
Federal taxes apply per 2025 income brackets, and gambling losses are deductible up to winnings if itemizing. Standard deductions match federal amounts, with additional deductions for age or blindness as noted above.
Michigan
Gambling winnings in Michigan are taxed at a flat 4.25% state rate, with personal exemptions of $5,800 for single filers or $11,600 for married filing jointly and heads of households.
Federal taxation follows 2025 brackets, with losses deductible up to winnings if itemizing. Standard deductions align with federal amounts, and additional deductions for age or blindness apply federally.
New Jersey
New Jersey taxes gambling winnings at progressive rates per 2025 income brackets, with personal exemptions of $1,000 for single filers or $2,000 for married filing jointly and heads of households.
Federal taxes apply per the 2025 brackets, with gambling losses deductible up to winnings if itemizing. Standard deductions are as noted, with additional federal deductions available for individuals aged 65 or older or those who are blind.
