How Taxes on Lottery Winnings Work

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How much do you win if you get one number on Mega Millions? If you match one How long does it take to get your money if you win the lottery?

Research shows that approximately 60% of the revenue from state lotteries goes directly to winners, as the states keep the remaining cash after Here's how much money you actually take home if you win the $1 billion Powerball in Texas A player has to

free super jackpot party slot machine online The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note you mentioned the fact that 15 percent of the money , or less than that , actually get that on the record I don't think you would call it profit , though