Short answer: Federal withholding on US lottery prizes over $5,000 is commonly 24%, with New York State withholding on top, and additional NYC tax for city residents. Final tax depends on total income and filing status.
Reviewed by Tom Whitaker, Compliance Reviewer · 2026-06-09
No. Withholding is a prepayment. Your final federal tax depends on your total income, deductions, and filing status.
NYC residents typically owe city income tax on lottery winnings in addition to federal and state tax.
This guide is informational, not legal or tax advice. Always verify requirements with the official NY Lottery before submitting a winning ticket.Data sourced from nylottery.ny.gov and NY Open Data. Independent, non-commercial project. Play responsibly — NY Problem Gambling · 1-877-8-HOPENY.