Mega Millions $ billion jackpot: Taxes by state

what percentage of taxes are taken out of lottery winnings   Dan what slot machines payout the most often

If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

what are the poker hands The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax percent on a resident's winnings For a nonresident