$ billion Mega Millions: How is the lottery taxed in CA?

The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA

The lottery tracking group estimated a final Oregon tax rate of % or $ million, reducing the prize to a final payout of $329,792,812

lottery prize According to estimates from , the winner of the publicized $ billion Powerball jackpot would earn $329,792,812, if they take the

lottery euromillions tonight Ask for a detailed break out of all taxes at each step including federal, state and local income tax as well as estate tax