Tax Information

And while winning the lottery isn't exactly a reliable career plan, the federal government treats lottery winnings as income Immediately, 24%

51% of each dollar goes to tax revenue: federal, state, and municipal · 18% goes to covering expenses, such as advertising or retailer

lottery numbers that win the most A Lottery prizes subject to taxation Any lottery prize of $600 or more shall be subject to Virginia income tax To the extent included in federal adjusted

lottery sambad 8_00 ka Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%