Gambling and Lottery Winnings

If the total $ billion payout is chosen: Federal taxes: $324 million; Take-home: $ billion If the cash option

out you're going to have to pay half of it in taxes It can be a taken out of your winnings and sent to the IRS or state) may be

what is omaha poker Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax

what are slot machines The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax