Lottery Tax Calculator: How It Works, What You Owe

Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax Do I have to file an extra state tax form if my winnings

If Thursday's drawing was your lucky day, just know that the Ohio Lottery Commission will withhold 28% in income tax up-front (4% state and 24%

does two pair beat three of a kind in poker Eight states do not tax lottery winnings — but the tax rate on lump-sum or annuity payments varies in the others In other states, the tax rate on lottery

does target sell lottery tickets Lottery winnings are also subject to taxes in several states, from as low as % in Arizona to as high as % in New York ($