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

Gambling and Lottery Winnings how much lottery after taxes The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn how to play ignition poker australia Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

how many chips in poker The IRS additionally imposes a 25% federal withholding rate from lottery winnings Federal Taxes on Lottery Winnings FICA taxes—Social Security