How much do lottery winners pay in taxes?

Everything You Need to Know About Filing Taxes on Winnings if you win lottery how much is taxed Gambling winnings are fully taxable and you must report the income on your tax return, even if you don't get a Form W-2G Gambling income if i won a lottery If they choose the $ million cash option, the 24% withholding automatically reduces the prize by about $129 million However, the jackpot

if a lottery winner dies who gets the money A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of