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Tax on Lottery Winnings by State 2023 federal taxes on lottery winnings The lucky ticket holder can expect an automatic federal withholding of 24% and state withholding of 8%, but the final bill will be millions more federal lottery tax calculator Yes, it's true Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as

federal tax for lottery winnings The tax year will be determined by the date on the check from Lottery and they will withhold estimated taxes for federal, and for most state,