Taxes on Lottery Winnings Explained

Lottery Winnings how is the lottery taxed How it works: Ohio lottery winnings over $600 are taxed as income If I won today's $550 million jackpot, I'd pay 24% how to win slot game Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

how to guess lottery numbers While you as the winner will not be required to pay any tax on the money you win, your friends may be required to pay Gift Tax on whatever