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Lottery Calculator: What Do Your Taxes Look Like? - The TurboTax Blog

Here's a quick guide on how to use our lottery tax calculator: Jackpot size - If you won a huge lottery prize, enter the exact sum here. You can enter any numeric value, making it easy to learn about different tax amounts for various sums.

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Tax Information. Virginia Lottery Federal, and state tax withholdings on winnings for U.S. citizens or residents. If the winner is not a U.S. citizen or is not a US resident, Virginia Lottery tax withholdings on winnings are as such: About the Virginia Lottery. Voters first approved the Virginia State Lottery in 1987.