Where does the lottery money go?

Arizona Lottery winner brochure what percentage of lottery winnings go to taxes The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that what numbers should i pick for the lottery Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

what is ev poker And in all likelihood, at least one state is going to win big twice That's because lottery winnings are generally taxed as ordinary income at