NC State Lottery Commission: $40 million gained from sports betting

How to Calculate NC Lottery Taxes nc lottery tax Lottery winnings over $5,000 are subject to both federal and state income tax withholding—this is, part of your winnings are automatically paid nc lottery pick 3 Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot

nc lottery wral Lottery winnings of $600 or less are not reported to the IRS; winnings in excess of $5,000 are subject to a 25 percent federal withholding