The 25 Biggest Lottery Jackpots of All Time

So you won the Mega Millions lottery jackpot What happens now? tax on lottery winnings california P received a payment of $722,000 from the California State Lottery in each of the years in issue lottery winnings, exempt from Israeli income tax Petitioner tax on lottery winnings texas So in total, the winner will pay 37% in federal taxes, said Missouri Lottery Lawyer Kurt Panouses, who specializes in helping lottery winners

taxes taken out of lottery winnings Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no