New Jersey Lottery Questions and Answers -

If you're familiar with big lottery prizes or other gambling wins, you know you have to pay taxes on your prize How much you pay will

If the lump sum payment is chosen, the prize amount will drop to $ million after a mandatory federal tax withholding of 24% is applied

if you win the lottery how much does the government take But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This

if i win the lottery how much goes to taxes Lottery winners are given a payout of less than 50% of the advertisted jackpot after state and federal taxes when you take the lump sum of